CFO Robert DeMichiei: Keeping Finances Strong and Stable at UPMC

University of Pittsburgh Medical Center has strengthened its investments and maintained transparent and timely financial reporting under the leadership of Senior Vice President and CFO Robert DeMichiei.

Moody's Investors Service has assigned an "Aa3" rating to UPMC bonds and affirmed a stable outlook for the system. The system shows financial rigor and accountability, and its unrestricted cash and investments strengthened to nearly $3.5 billion as of June 30, according to Moody's.

Mr. DeMichiei has served in his current position at UPMC since 2004. Previously, he held various executive financial positions with the General Electric, such as CFO of GE Transportation Systems' Global Service Operations. He also served as manager of finance, global business development and integration for GE Energy.

He is a certified public accountant and graduated from the University of Pittsburgh.

More Articles on Hospital CFO Profiles:
CFO Duncan Gallagher: Helping Allina Health's Future Financial Position
CFO Ken Fisher: Crunching Hospital Finances for More Than 40 Years
CFO Pamela German Hill: Enjoying the Financial View at Vista Health System

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