August 31, 2012

CFO Jeff Bolton: Keeping Mayo Clinic Finances Strong


When it comes to name recognition in healthcare, few compare to Mayo Clinic in Rochester, Minn. For Jeff Bolton, CFO of Mayo Clinic, he is tasked with making sure the health system's finances stay strong over time to keep the name prominent. As CFO, Mr. Bolton oversees the major financial aspects, including balance sheet management, investment and all other big-picture budget items. This week, Moody's Investors Service assigned an Aa2 rating, one of the highest credit ratings, to Mayo Clinic's $300 million in recent bonds, indicating it has confidence Mr. Bolton and the executive team "will continue to generate operating margins that will support healthy debt service coverage and provide for capital investment in the future," according to its report.


Becker’s Hospital Review by Bob Herman

Tags: Becker’s Hospital Review, Finanical, Healthcare, Jeff Bolton, Mayo Clinic Rochester, Moody's Investors Service

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