Donna Kopinski has served as CFO of Crittenton Hospital Medical Center in Rochester, Mich., for a little more than a year now, and her presence has already helped the hospital improve its financial footing.
This week, Moody's Investors Service affirmed Crittenton's Baa2 bond rating on its $106.9 million of debt. Crittenton is still an investment-grade credit, and Moody's analysts said Ms. Kopinski's hiring and other changes within the hospital's finance department are "leading to improved financial performance in interim fiscal year 2012," according to the report.
Ms. Kopinski expects Crittenton to end FY 2012 with a 1 percent operating margin and a 7.9 percent operating cash flow margin — the 7.9 percent operating cash flow margin would be the highest figure in the past four years.
Moody's analysts also said Ms. Kopinski has overseen significant volume growth at the standalone hospital in FY 2011 and the first half of FY 2012. Outpatient visits are up 5.4 percent alone, according to the report.
Before joining Crittenton, Ms. Kopinski served as CFO of Mount Clemens (Mich.) General Hospital, which is now known as McLaren Macomb.
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.
This week, Moody's Investors Service affirmed Crittenton's Baa2 bond rating on its $106.9 million of debt. Crittenton is still an investment-grade credit, and Moody's analysts said Ms. Kopinski's hiring and other changes within the hospital's finance department are "leading to improved financial performance in interim fiscal year 2012," according to the report.Ms. Kopinski expects Crittenton to end FY 2012 with a 1 percent operating margin and a 7.9 percent operating cash flow margin — the 7.9 percent operating cash flow margin would be the highest figure in the past four years.
Moody's analysts also said Ms. Kopinski has overseen significant volume growth at the standalone hospital in FY 2011 and the first half of FY 2012. Outpatient visits are up 5.4 percent alone, according to the report.
Before joining Crittenton, Ms. Kopinski served as CFO of Mount Clemens (Mich.) General Hospital, which is now known as McLaren Macomb.
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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