CFO Gordon Edwards: Growing Gundersen Lutheran's Cash Flow
Mr. Edwards joined Gundersen Lutheran in February 2011 as CFO. He oversees the system's patient business services, accounting, treasury, finance and managed care strategies.
Recently, Gundersen Lutheran issued $70 million in revenue bonds, increasing its total to $272 million of rated outstanding bonds, and Moody's Investors Service assigned a top-level A1 rating to the bonds. Moody's analysts said Mr. Edwards and the executive team have positioned the health system to grow and flourish, which also resulted in an increased outlook to "stable."
Mr. Edwards has helped maintain the leading market share of Gundersen Lutheran, and Moody's analysts also cited the system's improved and steady operating performance. Through the first six months of fiscal year 2012, Gundersen Lutheran had an operating margin of 4.3 percent and an operating cash flow margin of 10.3 percent.
Moody's analysts credited Mr. Edwards for Gundersen Lutheran's "steady growth in unrestricted cash and investments to $497 million as of June 30, 2012, resulting in strong 229 days cash on hand," according to the report.
Before Gundersen Lutheran, Mr. Edwards worked at Legacy Health in Portland, Ore., for eight years. He held a variety of roles, including vice president and controller, acting CIO, vice president of finance, director of finance operations and director of government reimbursement and payor contracting. Mr. Edwards also spent eight years in public accounting firms Arthur Andersen and KPMG.
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 firstname.lastname@example.org.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2014. 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.