Moody’s Investors Service has 10 levels of investment-grade long-term ratings, ranging from a high of “Aaa” down to “Baa3.” Many hospitals and health systems sit within the three subcategories of “A” ratings: “A1,” “A2” and “A3.”
Here are 39 statistics on various hospital metrics from Moody’s. Note: All data are medians from 2011 and are for only the three subcategories of “A” ratings. Moody’s data reflects standalone hospitals and single-state health systems in its portfolio.
Hospitals rated “A1”
Sample size: 53
Maintained beds: 538
Outpatient surgeries: 15,976
Net patient revenue: $721 million
Total operating revenue: $815.5 million
Excess of revenue over expenses: $66.2 million
Net fixed assets: $436.7 million
Operating margin: 3.6 percent
Operating cash flow margin: 10.7 percent
Days cash on hand: 204.4
Accounts receivable: 45.1 days
Debt-to-capitalization: 33.7 percent
Average age of plant: 9.8 years
Hospitals rated “A2”
Sample size: 76
Maintained beds: 403
Outpatient surgeries: 9,512
Net patient revenue: $497.7 million
Total operating revenue: $518.8 million
Excess of revenue over expenses: $31 million
Net fixed assets: $259.8 million
Operating margin: 3 percent
Operating cash flow margin: 9.8 percent
Days cash on hand: 194.6
Accounts receivable: 46.4 days
Debt-to-capitalization: 38.3 percent
Average age of plant: 10.3 years
Hospitals rated “A3”
Sample size: 69
Maintained beds: 344
Outpatient surgeries: 9,959
Net patient revenue: $428.7 million
Total operating revenue: $455.2 million
Excess of revenue over expenses: $21.5 million
Net fixed assets: $229 million
Operating margin: 2.4 percent
Operating cash flow margin: 9.2 percent
Days cash on hand: 168.5
Accounts receivable: 43.9 days
Debt-to-capitalization: 40.5 percent
Average age of plant: 10.6 years
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