While the system’s dominant local market share gives it a major boost, DCH Health is not expected to make any rapid improvement on its “deeply negative underlying operations.”
Days of cash on hand, for example, are at their lowest in recent years, totaling approximately 150, the ratings agency said.
“The negative outlook also reflects DCH’s lower DCOH that is expected to remain pressured and provides minimal cushion to the existing rating,” the research note said.
DCH Health, which operates a total of 510 staffed beds, said March 22 it is giving at least 5 percent pay increases to all its staff beginning April 13.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
