The affirmation is a result of several factors, including the medical center’s dominant market position, volume growth and strong operating metrics. Moody’s also acknowledged the medical center’s high reliance on governmental payers and increasingly competitive service area.
The outlook is stable, reflecting Moody’s expectation that Children’s National will maintain its strong operating profitability to further strengthen its balance sheet.
More articles on healthcare finance:
New York hospital sheds $2.34M of expenses in 2-day cost purge
University of Iowa hospitals seek 6% service cost hike
Moody’s affirms ‘A1’ rating on Sanford Health
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