7 hospitals with strong finances

Here are seven hospitals and health systems with strong operational metrics and solid financial positions, according to recent reports from Fitch Ratings and Moody's Investors Service.

Note: This is not an exhaustive list. Hospital and health system names were compiled from recent credit rating reports and are listed in alphabetical order.

1Downers Grove, Ill.-based Advocate Health Care has an "Aa2" rating and stable outlook with Moody's. The health system has a strong market position, healthy liquidity, moderate leverage and good debt metrics, according to Moody's.

2. Morristown, N.J.-based Atlantic Health System has an "Aa3" rating and stable outlook with Moody's and an "AA-" rating and stable outlook with S&P. The system has stable operating performance, balance sheet growth and a favorable market position, according to Moody's.

3. Phoenix-based Banner Health has an "AA-" rating and stable outlook with Fitch. The health system has a solid market position, adequate liquidity and healthy capital spending, according to Fitch.

4. Dallas-based Baylor Scott & White Health has an "Aa3" rating and stable outlook with Moody's. The health system has strong cash flow margins and a favorable business position as the largest nonprofit health system in Texas, according to Moody's.

5. Milwaukee-based Children's Hospital and Health System has an "Aa3" rating and stable outlook with Moody's. The system has a strong balance sheet and is the dominant provider of tertiary and quaternary pediatric services in southeastern Wisconsin, according to Moody's.

6. Indianapolis-based Indiana University Health has an "Aa2" rating and stable outlook with Moody's. The system has healthy margins and a strong market position, according to Moody's.

7. Rochester, Minn.-based Mayo Clinic has an "Aa2" rating and stable outlook with Moody's. Mayo has an excellent clinical reputation and diversified revenue across multiple locations, states and types of hospitals, according to Moody's.

More articles on healthcare finance:

California hospital files for bankruptcy after missing payroll
Tennessee hospital closes after falling 94% short of GoFundMe goal
With 18 days cash on hand, NYC Health + Hospitals calls on state to release $380M in DSH funding

 

 

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months