Mr. Byorick’s 40-year career with LGH has led him to dabble in many of the hospital’s financial sectors, including accounting, reimbursement, finance, acquisitions, payor negotiations, financial strategy development and more. He officially became CFO of LGH in January 2001.
Recently, Moody’s Investors Service affirmed LGH’s Aa3 rating on its outstanding debt, signifying LGH has high-grade, long-term debt and is at an investment-grade level.
Moody’s analysts said Mr. Byorick and the LGH financial team have captured a substantial amount of its county market share at 72 percent. LGH’s liquidity ratios also “remain a key credit strength,” as it has more than $659 million of unrestricted cash equating to roughly 272 days cash on hand at the end of fiscal year 2011.
More Articles on Hospital CFO Profiles:
CFO Jenny Barnett-Sarpalius: Crunching the Numbers at Catholic Health East
CFO Tom Thompson: Finding Fiscal Stability in Rural West Virginia
CFO David Kirshner: Instilling High-Quality Credit at Boston Children’s Hospital
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