CFO Maryann Kepple: Implementing New Measures at Health Quest System
Maryann Kepple, CFO of Health Quest System in LaGrangeville, N.Y., has one major goal in mind: to improve the health system's operating performance while keeping patient care at its high-quality level.
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.
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