CFO Douglas Shirley: Improving Margins at Cooper Health System
As of last November, the hospital saw a 9 percent increase in inpatient admissions and observation stays from the previous year, and it finished out the year with a 6.8 percent operation cash flow margin. Under Mr. Shirley's leadership, cash-to-debt ratios improved 16 percentage points from last fiscal year. Moody's Investors Services affirmed its "Baa3" rating on its $242 million in cash reserves.
Cooper recently partnered with nearby Rowan University's new four-year medical school, which enrolled its first students last fall.
Mr. Shirley joined Cooper's team in 2009, having previously served as director of PwC's Healthcare Advisory Practice in Nashville, Tenn. Mr. Shirley earned his bachelor's degree in finance from the University of Georgia.
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 email@example.com.
More Articles on Hospital CFO Profiles:CFO Ruth Fowler: Ready for Anything at Children's Healthcare of Atlanta
CFO Paul Pernice: Bringing Beebe Medical Center Back
CFO Diane Blake: Meeting Critical Needs at Cascade Medical Center
© Copyright ASC COMMUNICATIONS 2016. 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.