The long-term rating affirmation is a result of Cleveland Clinic’s strong brand recognition, integrated governance structure, exceptional fundraising ability and healthy cash flow. Moody’s acknowledged the health system’s moderately high leverage as it uses debt to fund growth strategies as well as its elevated execution risks related to expanding into London and Florida.
The outlook is stable, reflecting Moody’s expectation that margins and liquidity will be sustained long-term, despite the system’s plan to expand into new markets.
More articles on healthcare finance:
Missouri to hospitals: Contract with 3 managed Medicaid insurers or face 10% payment cut
2 Arkansas hospitals accuse EMS provider of balance billing
13 latest hospital credit rating downgrades
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.