CFO Mike Tretina: Building Strong Liquidity at Mary Greeley Medical Center
Mike Tretina has served as CFO of Mary Greeley Medical Center, a 220-bed, city-owned hospital in Ames, Iowa, since February 2009, and it has become one of the more vibrant community hospitals in the Midwest.
In September 2011, Moody's Investors Service gave MGMC an A2 rating on its $65 million in bonds and said the hospital has a very stable outlook.
Because MGMC is city-owned, it has a stable support system. Moody's analysts also said Mr. Tretina and the MGMC executive team have a proven track record of "good operating performance" — the hospital had a 16.2 percent adjusted operating cash flow margin in fiscal year 2011.
Mr. Tretina has also established strong liquidity and cash flow at MGMC, as it had 365 days cash on hand at the end of FY 2011. Overall, MGMC has an operating revenue base around $167 million.
Before coming to MGMC, Mr. Tretina was senior vice president of finance at St. Vincent's HealthCare in Jacksonville, Fla. He also has held various finance roles at Albert Einstein Medical Center and Heffler, a certified public accounting firm, both based in Philadelphia, and he has more than 25 total years of experience in healthcare finance.
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