CFO F. Joseph Byorick: Dabbling in Lancaster General Hospital's Finances for 40 Years
Mr. Byorick's 40-year career with LGH has led him to dabble in many of the hospital's financial sectors, including accounting, reimbursement, finance, acquisitions, payor negotiations, financial strategy development and more. He officially became CFO of LGH in January 2001.
Recently, Moody's Investors Service affirmed LGH's Aa3 rating on its outstanding debt, signifying LGH has high-grade, long-term debt and is at an investment-grade level.
Moody's analysts said Mr. Byorick and the LGH financial team have captured a substantial amount of its county market share at 72 percent. LGH's liquidity ratios also "remain a key credit strength," as it has more than $659 million of unrestricted cash equating to roughly 272 days cash on hand at the end of fiscal year 2011.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2012. 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.