CFO Denis Ryan: Reigning Over Finances at Children's Hospital of the King's Daughters
Stability, then, is key for CFO Denis Ryan, a 30-year accounting veteran. He oversees the finances of the hospital, which has an 84 percent inpatient market share in the region.
The company budgets conservatively and keeps a moderate 20 percent debt-to-revenue ratio, according Moody's Investors Services. This fall, Moody's upgraded CHKD’s $76 million in outstanding bonds to “A2” from “A3.”
Despite a three-year downtrend in inpatient volumes, operating margins have improved to a 7 percent operating margin and a 13 percent operating cashflow margin for the past two fiscal years.
Mr. Ryan has been CFO at CHKD since 2003, moving from California. He is a CPA and holds a master’s degree in Health Administration from Chapman University.
More Articles on Hospital CFOs:CFO Mike Canarios: Managing Charitable Giving at St. Jude's Children's Research Hospital
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CFO Nesha Donaldson: Stabilizing Revenue at Cullman Regional Medical Center
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