Immediately, Mr. Nicholson and his team made changes and filed a new application by Dec. 14, and the contract was reinstated in February. The hospital and regulators are still discussing options for retrospective reimbursements, but Moody’s Investors Service all the same assigned an “A2” rating on a total of $354.2 million of parent company UMMS’ debt. The credit rating agency praised UMMS’ brand strength, operating performance trends and close relationship to public funders who provide approximately $3.2 million annually in appropriations for uncompensated care and $95 million for capital improvements.
Mr. Nicholson held several previous CFO roles at Washington Adventist Hospital in Takoma Park, Md., and at UMMS-affiliated Kernan Hospital in Baltimore.
He has a bachelor’s degree in hospital administration from Concordia College and an MBA in healthcare administration from the Baruch College at City University of New York.
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.
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