CFO Jacob McWay: Keeping CoxHealth's Financials in Check
For the past nine years, Jacob McWay has overseen the financial oversight of Springfield, Mo.-based CoxHealth as CFO, and the system has grown to an enterprise with annual operating revenues of roughly $1 billion.
As CFO of CoxHealth, Mr. McWay ensures there is financial balance in all sectors across the health system's four hospital campuses and other provider networks.
In April 2011, Moody's Investors Service affirmed CoxHealth's "A2" credit rating on $316 million of outstanding debt. Mr. McWay and others within the executive staff have led CoxHealth's "track record of profitable operating results in recent years," according to Moody's analysts, and the health system has maintained a semblance of solid liquidity, as it totaled 159 days of cash on hand and a cash-to-debt ratio of 124 percent in fiscal year 2010.
Before Mr. McWay accepted his current role, he was the CFO of CoxHealth's payor system, Cox HealthPlans. He also was a manager at accounting firm BKD.
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