Regional not for profit healthcare system trying to meet expanding competitive demand was experiencing cash flow issues.
Solve the cash flow problem and restructure the financing to position the system for sustained solvency and growth.
Replaced the CFO. Focused on bringing DSO from >120 days to a more industry standard 90. Refinanced debt with two bond issues which substantially improved debt service.
Healthcare system gained solid financial footing and was able to pursue strategic objectives consistent with the strategic mission.
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