CFO James Staten: Upholding High Margins at Yale-New Haven Health System
It's beneficial to be the CFO of a hospital system with a history of profitability, and CFO James Staten oversees the financially sound Yale-New Haven (Conn.) Health System, which had an 11.3 percent operating cash flow margin in fiscal year 2012.
The system acquired Hospital of Saint Raphael in September 2012, growing the system to 1,519 beds across three hospitals. After the deal was complete, Moody's affirmed the system's "Aa3" rating on $462 million of revenue bonds.
Mr. Staten began working at YNNHS in 2000, having previously served as senior vice president of finance for the NewYork-Presbyterian Healthcare System in New York City. He has a bachelor's degree in business/economics from the State University of New York.
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