YRMC’s outstanding debt of $103.3 million, along with non-rated 2013B, 2002 and 1997B bonds outstanding, is also incorporated into the analysis.
The rating affirmation was supported by a number of factors, including the hospital’s sustained trend of improved financial performance, dominant market position, solid liquidity and sound debt metrics.
The rating outlook is revised from stable to positive. Fitch said the positive outlook reflects its expectation “that upward rating movement is likely over the next one to two years if the improved financial performance is sustained.”
More articles on finance and revenue cycle management:
Remedy targets excessive billing and charges
Global healthcare BPO outsourcing market to reach $9B by 2020
13 recent hospital outlook and credit rating actions
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.
