CFO Michael Schaefer: Providing Sound Financial Footing for Methodist Health System

Since joining Methodist Health System in 1979, Michael Schaefer has helped the Dallas-based organization achieve unprecedented growth and financial stability in a highly competitive region.

michael schaeferUnder Mr. Schaefer's leadership as executive vice president and CFO, Methodist recently received an "Aa3" rating from Moody's Investors Service for its $187 million of 2013 bonds. Moody's also affirmed a stable outlook for the system.

The multihospital system has maintained a consistently strong operating cash flow margin of more than 10 percent over the past decade, according to Moody's. Methodist also has a strong market presence and a growing revenue base, which rose 7.2 percent in fiscal year 2012 to $969 million.

In 2011, Mr. Schaefer received a Lifetime Achievement Award as part of the Dallas Business Journal CFO of the Year recognitions. Before obtaining his current position, he served as senior vice president, assistant vice president of finance and controller for Methodist. He holds a bachelor's degree in accounting from St. Cloud College in St. Cloud, Minn. 

More Articles on Hospital CFO Profiles:
CFO Charles Ayscue: Hitting Financial Success at Large North Carolina Health Systems
CFO Camille Bash: A Wealth of Knowledge at Doctors Community Hospital
CFO Richard Davis: Educating the Public on the Vital Role of Hospitals

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