Moody’s said the system faces several challenges, including operating pressures, liquidity contraction in fiscal year 2016 and extensive delays in Medicaid funding from the State of Illinois. Moody’s acknowledged Presence has made operational improvements and eliminated debt structure risks.
The outlook is negative, reflecting Moody’s expectation that ongoing costs, catch-up on capital and delays in Medicaid reimbursements will create large liquidity constraints for Presence.
More articles on healthcare finance:
6 largest gifts from individuals to healthcare organizations in 2017
Oregon House narrowly passes $670M healthcare tax package
Torrance Memorial Medical Center receives $32M donation
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
