Concurrently, Fitch assigned its “A+” issuer default rating to the medical center.
The affirmation and assignment are a result of several factors, including NCMC’s healthy operating margins, favorable payer mix, light debt burden and leading inpatient market share. Fitch also acknowledged the medical center’s increasingly competitive service area.
The outlook is stable.
More articles on healthcare finance:
Louisiana House passes budget with deep cuts to healthcare that could shutter hospitals: 6 things to know
Consumerism and the patient payment transition: 2 experts discuss
Memorial Hermann exec: Consumers expect convenient bill pay — It’s time for healthcare to catch up
