CFO Mer Doucette: Looking Ahead at East Maine Medical Center
Mr. Doucette began at the Bangor, Maine-based hospital in 1978 as a reimbursement specialist. After 10 years, he took a CFO position at another hospital until 2007, when he returned to EMMC to fill his current role.
At 411 beds, EMMC is Maine's second-largest hospital and is looking to expand. Its parent company, Eastern Maine Healthcare Systems, based in Brewer, Maine, recently inked a merger agreement with Mercy Health System of Portland, Maine.
Last week, Moody's Investors Service issued an initial "Baa1" rating on $148 million in fixed rate bonds EMMC issued. Despite statewide funding challenges in Maine's Medicaid program, EMMC retained an average 1 to 2 percent operating margin and 123 days cash on hand, as of the end of fiscal year 2012.
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 firstname.lastname@example.org.
More Articles on Hospital CFO Profiles:CFO Douglas Shirley: Improving Margins at Cooper Health System
CFO Ruth Fowler: Ready for Anything at Children's Healthcare of Atlanta
CFO Paul Pernice: Bringing Beebe Medical Center Back
© Copyright ASC COMMUNICATIONS 2014. 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.