CFO Maryann Kepple: Implementing New Measures at Health Quest System
This week, Moody's Investors Service assigned an "A3" rating to the health system's $28.5 million in taxable bonds and affirmed Health Quest's "A3" rating on all of its $161.8 million of outstanding debt.
Moody's analysts said Health Quest's ratings remain stable because Ms. Kepple and other executives have made concerted efforts to improve operating performance and cash flow. Specifically, the health system is implementing a new information technology system and an expense reduction program.
Ms. Kepple has helped keep the health system's days cash on hand around 105, and Health Quest's cash-to-debt ratio at the end of fiscal year 2011 stood at 96 percent. Moody's said Health Quest's ratings could go up if it continues to improve its operating financial metrics and if it further grows tertiary services.
Ms. Kepple has been with Health Quest for several years and was named CFO of the health system in March 2007. She also served as CFO of Northern Dutchess Hospital, a Health Quest hospital based in Rhinebeck, N.Y.
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 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.