This list of 126 hospital and health system CFOs provides an in-depth look at the top financial executives leading the industry. Learn more about their professional accomplishments, career paths, and the organizations they work for.
A vigorous bidding war kept a standing room only crowd on their toes on Wednesday as two nonprofit hospital systems battled for a 48-acre parcel of Arizona land.
Banner sees tailwind from Arizona s enhanced Medicaid match
Modern Healthcare Illustration / Getty Images
Banner Health is already getting a revenue boost from Arizona s new Medicaid rate enhancement program that took effect in October, the health system s finance chief said Monday.
Phoenix-based Banner posted $311 million in operating income on $10.4 billion in revenue in 2020, a 3% operating margin, including federal stimulus grants. Without the grants, Banner would have operated at a slight loss in 2020. Not-for-profit Banner posted a 2.1% operating margin in 2019, when it made $200.4 million on $9.4 billion in revenue.
Like its peers, Banner which operates 32 hospitals in six states got help from the federal government last year in the form of stimulus grants to help offset a steep decline in elective procedure volume stemming from the COVID-19 pandemic. Banner recognized $316 million worth of federal stimulus grants in 2020. The health system treated roughly half of all CO