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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
