Fitch Ratings has reported a decline in operating profitability across all rating categories for the first time in six fiscal years in its 2014 report on median ratios for nonprofit hospitals and healthcare systems.
Fitch's concerns about the nonprofit sector center on industry pressures that will continue to influence operating performance and drive consolidation. However, the portfolio remains relatively strong, with a median rating of "A."
Fitch will host a teleconference this Thursday at 2:00 p.m. EDT to discuss the agency's medians for nonprofit health systems and hospitals. The toll-free dial-in number for the conference is 877-467-8597, and the conference ID is 80250904.