CFO James Gravell Jr.: Helping to Drive Catholic Health Partners' Grade-A Finances
CHP is the largest health system in Ohio with 24 hospitals, employs more than 32,000 people and recorded more than $3.58 billion in net revenue in 2011. Mr. Gravell and the CHP executive team, however, continue to keep CHP among the most financially stable health systems in the country.
In April, Moody's Investors Service affirmed the A1 rating on CHP's $1.6 billion of outstanding rated debt. Moody's analysts said the health system continually sustains high-achieving operating performances, has a well-funded pension plan and excellent liquidity. In fiscal year 2011, CHP had an operating cash flow margin of 10 percent and "a strong" 212 days cash on hand, according to Moody's report.
Mr. Gravell has also served in other executive roles within CHP. He previously was interim CEO of Community Mercy Health Partners in Springfield, Ohio, and was interim CEO of Mercy Hospital Mt. Airy in Cincinnati. Prior to CHP, Mr. Gravell served various roles within Altamonte Springs, Fla.-based Adventist Health System, including controller and CFO.
Mr. Gravell announced he will retire at the end of the year, to be replaced by Deborah Bloomfield who will begin October 1st.
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 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.