CFO Robin Norman: Creating Financial Stability at Virginia Hospital Center
As CFO of Virginia Hospital Center, Ms. Norman oversees the financial reporting, accounting, internal audits, third-party reimbursements, investment management, accounts receivable, managed care, capital funding and a plethora of other areas.
Earlier this year, Ms. Norman and the rest of the executive team helped improved Virginia Hospital Center's credit rating, as Moody's Investors Service upgraded the hospital's $137.8 million of outstanding debt from A2 to A1.
Moody's analysts cited many strengths within the hospital's finances, including a strong demographic profile with a good commercial payor base, a 6.8 percent operating margin in fiscal year 2010 that is well above the sector median of 2.4 percent and 544 days of cash on hand (the median is 160 days).
Ms. Norman became CFO of Virginia Hospital Center in 1998. Her first position within the hospital was as an accounting manager in 1979, and she eventually became controller and financial project director before taking on the CFO role.
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