The affirmation is a result of several factors, including Northeast Health’s solid market position and adequate balance sheet metrics as well as its affiliation with Burlington, Mass.-based Lahey Health, which has a solid brand reputation. Moody’s also acknowledged Northeast Health has a weaker operating performance than its similarly rated peers.
The outlook is stable, reflecting Moody’s expectation that the health system will improve its financial performance in fiscal year 2018.
More articles on healthcare finance:
University Medical Center operator threatens to terminate management agreement over budget impasse
9 recent hospital, health system outlook and credit rating actions
S&P expects new rating criteria to be unfavorable for hospital districts
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.
