The affirmation is a result of several factors, including the hospital’s improving margins, stable but modest cash position and affiliation with Highmark Health and Allegheny Health Network, both based in Pittsburgh. Moody’s also acknowledged the hospital’s very thin operating performance, highly competitive market and declining patient volume.
The outlook is negative, reflecting Moody’s expectation that the hospital’s operating performance will remain low in the near-term, limiting balance sheet growth.
More articles on healthcare finance:
Why Harvard’s $37B endowment is at risk of mediocrity
12 hospitals seeking RCM talent
Irving family presents record $700M bequest to NewYork-Presbyterian, Columbia University
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.