CFO Ben Dunford: Tackling the Finances of a Texas Physician-Owned Hospital
Mr. Dunford oversees the financial reporting, health information technology, medical records, business office, collections, patient access, financial planning, materials management, managed care contracting and corporate development of TRMC at Sunnyvale, a 70-bed physician-owned hospital.
Previously, he was a senior manager at Bain & Company in Dallas, where he worked exclusively with Fortune 500 and private equity clients, some within healthcare, on their profitability analyses, merger planning and other corporate strategies. Mr. Dunford — who was named among D CEO magazine's "Top 30 Under 30" in 2007 — also worked at Goldman Sachs in Dallas, where he was part of an asset management team that oversaw more than $20 billion in global private equity funds.
In an August interview with Becker's Hospital Review, Mr. Dunford said he has already learned a lot in his one year at TRMC at Sunnyvale, as hospitals encounter unique financial challenges compared with his other positions.
"Sitting in the seat I am in now, I understand why [hospital executives] have to make one decision versus another," he said. "For example, one of the toughest things we've had to do so far is we're in the process of refinancing our debt. We're a small hospital, not part of a system, and helping lenders understand the great things we're doing takes some effort. At big systems, they have 300 days cash on hand, so going out to the debt markets is no problem. Managing capital structure and the balance sheet is a continual process here."
If you have more information or updates for this profile or would like to recommend a leader to be profiled in the future, please contact Lindsey Dunn, editor in chief, Becker's Hospital Review at firstname.lastname@example.org.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.