Given its strong balance sheets, it seems St. Jude CFO Mike Canarios has done his part to earn donors’ trust. Moody’s Investor Services affirmed the hospital’s “Aa2” rating with a positive outlook, citing its operating cash flow margin of 25.3 percent and sizable, stable philanthropic revenue, which averaged $739.9 million for the last three fiscal years.
In uncertain political times, the hospital’s reliance on federal research grants amount to just 8.7 percent of operating revenues, greatly eclipsed by the nearly three-quarters of its adjusted operating revenue that is gift revenue, according to Moody’s.
Mr. Canarios earned his bachelor’s and MBA from Miami University of Ohio and was named the large non-profit “CFO of the Year” by the Memphis Business Journal in 2011.
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 ldunn@beckershealthcare.com.
More Articles on Hospital CFO Profiles:
CFO Karen Shepard: Growing Operating Cash Flow at St. Charles Health System
CFO Nesha Donaldson: Stabilizing Revenue at Cullman Regional Medical Center
CFO James Connelly: Driving Finances at Henry Ford Health System
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
