CFO Bob Reilly: Directing Healthy Earnings at Anne Arundel Health System
Bob Reilly, CFO of Anne Arundel Health System, is charged with leading the Annapolis, Md.-based organization in financial reporting, budgeting, reimbursement, treasury and other financial services, and since he joined the system in 2007, AAHS has enjoyed healthy earnings in a favorable market setting.
Mr. Reilly started at AAHS in 2007 as vice president of finance and was promoted to his current CFO role in 2010. Moody's Investors Service recently affirmed the A3 rating on AAHS' $348.2 million of bonds, and the ratings agency listed many strengths for Mr. Reilly and the hospital system.
AAHS currently has a "dominant and growing" market share of 64 percent, and contrary to the national trends, AAHS has actually experienced growth in its inpatient volumes. Admissions increased to more than 25,000 in fiscal year 2011, up from 22,600 in FY 2007.
Mr. Reilly has also helped AAHS maintain a 2.8 percent operating margin and a 10.7 percent operating cash-flow margin — both are above the 2.4 percent and 9.5 percent medians for other A3 hospitals in Moody's portfolio.
Prior to AAHS, Mr. Reilly served in several management roles at hospitals in the Baltimore area, and he has more than 15 years of total healthcare financial leadership experience.
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