The affirmation is a result of several factors, including the health system’s strong market position, proactive actions to expand medical services and affiliation with Arlington, Wash.-based Cascade Valley Hospital and Clinics. Moody’s also acknowledged Skagit Regional’s weaker financial performance and upcoming EMR implementation.
The outlook is negative, reflecting the risks associated with the health system’s upcoming EMR conversion and weakened operating performance.
More articles on healthcare finance:
Swedish Health’s Cherry Hill campus no longer at risk of losing Medicare funding
Missouri hospital’s Medicare contract no longer at risk
OIG: Replacement of 7 recalled and prematurely failed medical devices cost Medicare $1.5B over a decade
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.