CFO Jenny Barnett-Sarpalius: Crunching the Numbers at Catholic Health East
Fitch analysts said Ms. Barnett-Sarpalius and the rest of the CHE management team continue "to execute on its strategic plan in each of its key markets and is expected to improve financial performance" in the years ahead.
CHE has a high percentage of both Medicaid and Medicare patients, at 17.4 percent and 48.2 percent of gross revenues in 2011, respectively. However, Ms. Barnett-Sarpalius and CHE have still been able to post year-over-year improvement in both operating margin and operating EBITDA margin in each of the past three fiscal years. At the end of the most recent quarter ended March 31, 2012, CHE also had 163.1 days cash on hand and 17.2 times cushion ratio, which compares favorably to other Fitch hospitals rated similarly to CHE.
Previously, Ms. Barnett-Sarpalius was also CHE's vice president and chief accounting officer before being promoted to CFO in 2010. She also served as director of finance and corporate controller at CHRISTUS Health in Irving, Texas.
More Articles on Hospital CFO Profiles:
© Copyright ASC COMMUNICATIONS 2017. 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.