CFO Edward Prunchunas: Financial Fortitude at Cedars-Sinai Medical Center
Mr. Prunchunas serves as senior vice president of finance and CFO of Cedars-Sinai and has been in those positions since 1998. He has held other roles within Cedars-Sinai, including associate director of finance, director of finance and vice president of finance.
During his CFO tenure at Cedars-Sinai, Mr. Prunchunas has witnessed large growth and robust profitability. In a September 2011 report from Fitch Ratings, Fitch analysts affirmed the academic medical center's "A+" credit rating on its revenue bonds. They also said Cedars-Sinai's operating profit margin of 6.1 percent was more in line with "AA"-rated facilities.
In 2012, Mr. Prunchunas also oversaw the flow of more than $50.6 million in research funding from the National Institutes of Health and other federal sources and $59.4 million in donations.
Outside of Cedars-Sinai, Mr. Prunchunas was the CFO of Northridge (Calif.) Hospital Medical Center in the late 1980s, and he also worked on the consulting staff of accounting firm Ernst & Ernst, which is now known as Capgemini.
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:
© 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.