As Virginia's only stand-alone pediatric hospital, Norfolk-based Children's Hospital of the King's Daughters serves high-need youth from a wide area spanning across state lines. To meet the need, CHKD employs or is the sole contractor for every pediatric specialist in the Hampton Roads region.
Stability, then, is key for CFO Denis Ryan, a 30-year accounting veteran. He oversees the finances of the hospital, which has an 84 percent inpatient market share in the region.
The company budgets conservatively and keeps a moderate 20 percent debt-to-revenue ratio, according Moody's Investors Services. This fall, Moody's upgraded CHKD’s $76 million in outstanding bonds to “A2” from “A3.”
Despite a three-year downtrend in inpatient volumes, operating margins have improved to a 7 percent operating margin and a 13 percent operating cashflow margin for the past two fiscal years.
Mr. Ryan has been CFO at CHKD since 2003, moving from California. He is a CPA and holds a master’s degree in Health Administration from Chapman University.
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.
CFO Karen Shepard: Growing Operating Cash Flow at St. Charles Health System
CFO Nesha Donaldson: Stabilizing Revenue at Cullman Regional Medical Center
Stability, then, is key for CFO Denis Ryan, a 30-year accounting veteran. He oversees the finances of the hospital, which has an 84 percent inpatient market share in the region.The company budgets conservatively and keeps a moderate 20 percent debt-to-revenue ratio, according Moody's Investors Services. This fall, Moody's upgraded CHKD’s $76 million in outstanding bonds to “A2” from “A3.”
Despite a three-year downtrend in inpatient volumes, operating margins have improved to a 7 percent operating margin and a 13 percent operating cashflow margin for the past two fiscal years.
Mr. Ryan has been CFO at CHKD since 2003, moving from California. He is a CPA and holds a master’s degree in Health Administration from Chapman University.
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.
More Articles on Hospital CFOs:
CFO Mike Canarios: Managing Charitable Giving at St. Jude's Children's Research HospitalCFO Karen Shepard: Growing Operating Cash Flow at St. Charles Health System
CFO Nesha Donaldson: Stabilizing Revenue at Cullman Regional Medical Center