The long term rating affirmation is a result of several factors, including the medical center’s dominant market position, strong liquidity metrics and favorable leverage. Moody’s also acknowledged CCMC’s weakened operating performance thus far in fiscal year 2017 and its upcoming EMR installation.
The outlook is stable, reflecting Moody’s expectation that the medical center will maintain its market position, healthy liquidity and solid leverage metrics.
More articles on healthcare finance:
How CHS, Tenet, UHS, LifePoint and HCA fared in Q3
Quorum Health sees net loss widen to $29.2M, plans to sell more hospitals
1,597 hospitals will see payment bump under value-based purchasing: 5 things to know
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.
