Here are four things to know about the rating affirmation and Denver Health’s outlook.
1. The rating affirmation was supported by a number of factors, including Denver Health’s role as an essential healthcare service provider in the Denver metropolitan area.
2. The rating action was also supported by the system’s low debt burden and strengthening profitability. The system’s profitability has improved primarily due to decreased self-pay resulting from Medicaid expansion under the Patient Protection and Affordable Care Act, according to Fitch.
3. Fitch said positive rating momentum is possible over the medium term “with sustained improvement in profitability and coverage at current levels and further meaningful growth in liquidity.”
4. Denver Health’s outlook is stable.
More articles on healthcare finance:
6 recent hospital outlook and rating actions
10 hospital CFOs in the headlines this week
Rex Healthcare completes $150M bond sale for capital project
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.