Since 1988, Dennis Chalke has worked for Baystate Health in Springfield, Mass., and as CFO and treasurer, he has helped the organization maintain its solvency on its way to becoming one of the top health systems in western Massachusetts.
In fiscal year 2011, Baystate Health recorded $25.6 million in profit. Its flagship facility, Baystate Medical Center, had a total margin of 3.48 percent and carried the hospital's profits.
Consequently, Moody's Investors Services recently affirmed the high "A2" bond rating for Baystate Medical Center. Moody's analysts said Mr. Chalke and the financial team have built a strong market position in the Springfield, Mass., area, and revenue growth through the first nine months of fiscal year 2012 "is good, up 4.8 percent driven by growth in employed physician volume and inpatient hospital volume," according to the Moody's report.
Before joining Baystate Health, Mr. Chalker worked for United Technologies Corporation, an aerospace and building systems technology company based in Hartford, Conn., and managed mergers, acquisitions and financial planning within UTC's finance division.
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.
In fiscal year 2011, Baystate Health recorded $25.6 million in profit. Its flagship facility, Baystate Medical Center, had a total margin of 3.48 percent and carried the hospital's profits.Consequently, Moody's Investors Services recently affirmed the high "A2" bond rating for Baystate Medical Center. Moody's analysts said Mr. Chalke and the financial team have built a strong market position in the Springfield, Mass., area, and revenue growth through the first nine months of fiscal year 2012 "is good, up 4.8 percent driven by growth in employed physician volume and inpatient hospital volume," according to the Moody's report.
Before joining Baystate Health, Mr. Chalker worked for United Technologies Corporation, an aerospace and building systems technology company based in Hartford, Conn., and managed mergers, acquisitions and financial planning within UTC's finance division.
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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