The affirmation reflects several of the hospital’s strengths, including strong clinical reputation, good market share and fundraising track record. However, despite a rise in commercially insured patients, the hospital’s payer mix is still challenging.
The rating outlook has been revised from stable to positive.
More articles on healthcare finance:
Wake Forest Baptist sees revenue increase, operating income drop
Montefiore Health System’s operating income climbs to $59.6M
Many Americans pay medical bills on or near payday, survey finds
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.