Serving six counties and 150,000 residents is a big task for a small hospital like Cullman (Ala.) Regional Medical Center, and it presents financial challenges for CFO Nesha Donaldson to manage a huge need with 145 beds.
In November, Moody's Investors Services affirmed Cullman's "Ba1" rating on $66 million in outstanding bonds, with a negative outlook considering the hospital's 46 percent cash-to-debt ratio and a total of $4 million of bad debt to be written off by next fiscal year.
However, Ms. Donaldson and the hospital have some tools in their arsenal for a comeback. For one, it's the only hospital in Cullman County after it bought out its competitor in 2009. It also recently affiliated with University of Alabama Birmingham Hospital to perform interventional cardiology procedures to help Ms. Donaldson and Cullman retain that revenue stream.
Previously, Ms. Donaldson was controller of Cullman for eight years. She also served in financial roles at two Alabama-based companies, Cullman Electric Cooperative and Drummond Company.
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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In November, Moody's Investors Services affirmed Cullman's "Ba1" rating on $66 million in outstanding bonds, with a negative outlook considering the hospital's 46 percent cash-to-debt ratio and a total of $4 million of bad debt to be written off by next fiscal year.However, Ms. Donaldson and the hospital have some tools in their arsenal for a comeback. For one, it's the only hospital in Cullman County after it bought out its competitor in 2009. It also recently affiliated with University of Alabama Birmingham Hospital to perform interventional cardiology procedures to help Ms. Donaldson and Cullman retain that revenue stream.
Previously, Ms. Donaldson was controller of Cullman for eight years. She also served in financial roles at two Alabama-based companies, Cullman Electric Cooperative and Drummond Company.
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 CFO Profiles:
CFO James Connelly: Driving Finances at Henry Ford Health System
CFO Alan Lovelace: Smooth Sailing at Stillwater Medical Center
CFO Kevin Brennan: Trailblazing Bundled Billing at Geisinger Health System