The agency rolled out its 2017 update to the Fitch Analytical Comparative Tool, or FACT, Monday. Fitch deems the tool its “most powerful yet for peer comparison of financial metrics in the sector, allowing a degree of issuer specificity and targeting never before available.”
Fitch said FACT includes key financial information for nonprofit hospitals and health systems, and allows users to view metrics by region, system and rating. Users can access five years of data.
“We continue to improve FACT’s functionality as we get feedback from investors and issuers,” said Raj Sanghvi, associate analyst with Fitch Ratings. “The 2017 FACT is the most dynamic tool to date for evaluating and comparing key credit metrics across the nonprofit hospitals and healthcare sector.”
More articles on healthcare finance:
Kindred expects $20M hit from hurricanes
12 recent hospital, health system outlook and credit rating actions
5 recent donations, grants to healthcare organizations
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.
