CFO Charles Ayscue: Hitting Financial Success at Large North Carolina Health Systems
As CFO of Mission Health in Asheville, N.C., Mr. Ayscue manages all financial operations of the state's sixth-largest health system. Mission Health brings in more than $1.6 billion in gross patient revenue and has one of the more stable lines of credit. This past February, Fitch Ratings affirmed its AA rating on the roughly $325 million revenue bonds issued by the NC Medical Care Commission Health System on behalf of Mission Health.
"The affirmation of Mission Health's AA rating is a strong testament to our strategic direction and excellent financial performance," Mr. Ayscue said. "Mission Health has maintained the AA rating since 1998 and is well-positioned for continued success as one of the top health systems in the country."
Before arriving at Mission Health, Mr. Ayscue served as CFO of the University of North Carolina Health Care System in Chapel Hill for 20 years. While at UNC Health Care, he helped develop a combined operating expense budget of more than $1.4 billion for the 1,096-bed health system and improved UNC Health Care's overall cash balance by $500 million over a 15-year period.
Mr. Ayscue also was the comptroller and associate director of financial services for the Moses H. Cone Memorial Hospital in Greensboro prior to his time at UNC Health Care.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2015. 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.