The rating affirmation was supported by a number of factors, including the 434-bed hospital’s growth in liquidity and improved financial results in fiscal year 2014.
Fitch expects the hospital’s modest liquidity growth and recent performance levels to continue. However, “A failure to consistently meet its budget or a drop in liquidity could result in negative rating pressure,” according to Fitch.
More articles on healthcare finance:
Hospital-insurer disputes: Are things about to get ugly?
Catholic Health Initiatives benefits from strategic expansion in Q2
Fitch rates Catholic Health System’s bonds
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.