CFO Peg Burnette: Leading Financial Stability for Denver's Safety Net
Peg Burnette has found ways to keep the health system viable despite its challenging payor mix.
Medicaid is Denver Health's biggest payor, and although the program does not reimburse the cost of services, Ms. Burnette says Lean processes and strategies have helped its hospitals save money while continuing to provide care for those most in need.
Fitch Ratings has also taken notice, as it recently affirmed the BBB+ rating on Denver Health's $222 million in revenue bonds. Fitch analysts said Denver Health has several fiscal challenges as a public safety-net institution, but Ms. Burnette and the executive team have kept Denver Health's debt burden low.
"Management continues to implement Lean initiatives to increase operating efficiencies and has engaged a consultant to identify potential areas to increase productivity related to workforce management," Fitch analysts said.
Before joining Denver Health, Ms. Burnette served in various financial executive roles at Oakland, Calif.-based Kaiser Permanente and National Jewish Health in Denver.
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 2015. 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.