The affirmation is a result of several factors, including the health system’s healthy market position, good scale and clinical reputation as an academic medical center affiliated with Columbia-based University of South Carolina. Moody’s also acknowledged the health system’s variable financial performance driven by labor expenses.
The outlook is stable, reflecting Moody’s expectation that the health system will benefit from its integration with Greenville (S.C.) Health System. The two systems recently finalized their partnership, establishing a 13-hospital entity. It remains important to note both Palmetto Health and Greenville have separate obligated groups.
More articles on healthcare finance:
6 recent hospital, health system outlook and credit rating actions
J&J heir gifts Boca Raton Regional Hospital $25M: 3 things to know
12 hospitals seeking RCM talent
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.
