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.
More Articles on Hospital CFO Profiles:
CFO Simon Scholtz: Upgrading Lawrence Memorial Hospital in Kansas
CFO J. Dean Swindle: Securing Financing at Catholic Health Initiatives
CFO Peter McCanna: “Uber” CFO of Northwestern Memorial HealthCare
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
