CFO James Gravell Jr.: Helping to Drive Catholic Health Partners' Grade-A Finances
James Gravell Jr., CFO of Cincinnati-based Catholic Health Partners, has a lot to manage in terms of financial responsibilities.
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.
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