Treasury in the Healthcare Industry with Cathy McGarry

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Featuring

Mike Richards

CEO, The Treasury Recruitment Company

About this episode

On this episode of the Treasury Career Corner podcast, we have the amazing Cathy McGarry joining us to discuss changing technologies in the healthcare treasury industry and some top pieces of advice from her long and successful career.

Cathy McGarry is the Director of Finance and Treasury Operations for Northwestern Medicine, a premier academic health system in Chicago. Northwestern Medicine is ranked as one of the top hospital systems in the country by U.S. News & World Report.

Ms. McGarry has successfully led multiple system implementations throughout her career, resulting in numerous process improvements while following industry best practices. She has achieved many milestones throughout her 25 years of experience in healthcare finance. Cathy is a subject matter expert, specialising in the following areas: banking relationship management, revenue cycle initiatives, AP automation, ecommerce solutions, PCI Compliance, and M&A integrations.

Ms. McGarry received a master’s degree in Business Administration from Benedictine University in Lisle, IL and bachelor’s degree in Finance from Eastern Illinois University. She is a recognised as a Certified Treasury Professional (CTP). Cathy is also a member of the Association for Financial Professionals and Healthcare Financial Management Association nationally and locally. Ms. McGarry currently serves as President of Treasury Management Association of Chicago.

On the podcast we discussed…

  • How Cathy got started in Treasury
  • What role treasury has in the healthcare industry and how this differs from other industries
  • How treasury technology has evolved throughout the years
  • What Cathy’s key to success is and what she is like as a treasury leader
  • Career advice for Junior Treasury Analysts who want to further their career
  • What Cathy has learnt from her MBA

If you would like to get in touch with Cathy, you can connect with her via her LinkedIn profile.

Are you interested in pursuing a career within Treasury?

Whether you’ve recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company can help you in your search for the perfect job. Find out more here. Or, send us your CV and let us help you in your next career move!

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🎧 Earn CTP & FPAC Credits by Listening to the Podcast

Whether you’re at the gym, on your commute, or walking the dog – you can now make your podcast time count toward your professional development.

We’re thrilled to share that Treasury Career Corner podcast episodes now qualify for CTP and FPAC recertification credits through the AFP’s Independent Study category.

How It Works:

  • Listen to a Treasury Career Corner podcast episode
  • Complete the short multiple-choice quiz
  • Score 80%+ to pass
  • Submit your credits to AFP as part of your recertification record

➡️ Credits earned per episode length:

  • 30 mins = 0.6 credits
  • 45 mins = 0.9 credits
  • 60 mins = 1.2 credits

No filler. Just real treasury conversations covering leadership, strategy, risk, technology, and team building.

🧠 Quick Facts:

  • 📝 Quizzes contain 6–10 multiple-choice questions
  • 🎯 You need 80%+ to pass
  • ✍️ Quiz submissions are reviewed manually
  • 📋 We must then VERIFY you are a CTP treasury professional to help prevent automated or non-genuine submissions
  • ✅ Once verified, we mark your quiz and send CTP credit confirmations every Friday
  • 📨 If you need results sooner? Then email mike@treasuryrecruitment.com and we’ll try to prioritise the marking of your latest quiz

NOTE: In line with AFP compliance requirements, no more than two quizzes may be completed per day.