The outlook downgrade was based on a number of factors, including MMHD’s weakened financial position. The district’s operating losses increased and its liquidity decreased in fiscal years 2013 and 2014.
MMHD’s narrow tax base also supported the outlook revision. The hospital district is geographically large, covering 8,000 square miles. However, the district’s area is sparsely populated, with about 14,000 people in its service area.
More articles on healthcare finance:
For-profit hospital stock report: Week of Dec. 8-12
Hospitals have 70% overturn rate when appealing RAC claims
CHI posts $134.7M operating loss in Q1 of 2015
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.