CFO Terri Newsom: Analyzing Greenville Hospital System's Financial Position
Terri Newsom joined Greenville (S.C.) Hospital System in March 2011 as vice president of financial services and CFO. Since that time, the health system has expanded its leading market share and is forging ahead with major portions of healthcare reform.
In May, Moody's Investors Service affirmed Greenville Hospital System's "A1" credit rating, which affected $522 million of outstanding debt. Analysts said Ms. Newsome and the financial team have built up many strengths, including a "significant and growing number of employed physicians" and improved patient volumes, according to the report.
Over the past three years, Greenville Hospital System has recorded an average revenue growth rate of 9.2 percent. Moody's analysts added their stable outlook reinforces their belief Ms. Newsom and the health system will continue to post positive operating metrics throughout fiscal year 2012 and beyond.
Ms. Newsom began her healthcare finance career in 1991 at Duke University Hospital in Durham, N.C. She started as a senior budget and financial analyst and eventually became divisional CFO of Duke Raleigh (N.C.) Hospital. She also served as the associate vice president for ambulatory care finance for Duke University Health System.
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