CFO Lisa Carlson: Building Upon Sanford Health's Worth in the Dakotas
When it comes to hospital care in the Dakotas, few systems are more prominent than Sanford Health, and Lisa Carlson has made sure the system's finances have remained among the strongest in the upper Midwest.
Earlier this month, Moody's Investors Service affirmed Sanford Health's "A1" rating on its $808 million of total outstanding debt. Moody's analysts have praised Ms. Carlson and the executive staff for their prowess in healthcare management, and the financial strengths have backed up their reputation.
Sanford Health, based in Sioux Falls, S.D., is one of the largest integrated delivery systems in the area with roughly $3 billion in pro forma operating revenue. Ms. Carlson and others have led the way in several of Sanford Health's major transactions, which have led to "stable operating performance" over the past three years, according to Moody's report.
Ms. Carlson has helped the system maintain a 2.1 percent operating margin, an average operating cash flow margin of 7.9 percent and 132 days cash on hand, as of the fiscal year ended June 30, 2012.
Before becoming CFO of Sanford Health in 2003, Ms. Carlson, a certified public accountant, was a controller for the system's Fargo (N.D.) Clinic.
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