The rating affirmation was supported by a number of factors, including the system’s well managed liquid investment portfolio. As of the end of fiscal year 2014, the system had $960.7 million in unrestricted cash and investments or 274.7 days cash on hand.
The rating affirmation was also supported by Mission Health’s dominant market position, with a 93 percent market share in its primary service area.
The system also faces some challenges, which were considered for the rating affirmation, such as reporting a decline in operating performance over the last several years.
More articles on healthcare finance:
1,714 hospitals see payment bump under value-based purchasing: 10 things to know
8 recent hospital rating and outlook changes, affirmations
Medicare cuts payments to 721 hospitals for HACs: 15 things to know
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
