The ratings boost reflects the health system’s “durability of margins and liquidity” and efforts to diversify revenue by growing business lines, Broward Health said Sept. 18. Broward Health’s financial outlook was considered stable, according to Moody’s.
“Our focus on enhancing our health care services has resulted in improved financial performance and increased confidence in our organization,” Alisa Bert, interim CFO and vice president of finances at Broward Health, said in the release. “We are pleased that our diligent efforts in managing our financials, reducing debt, and improving operational efficiency have resulted in an improved bond rating.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
