Affirmation of the rating was based on a number of factors, including the hospital’s stable operating performance and 50 percent market share in the primary service area.
Through the first six months of fiscal year 2014, Skagit had an operating cash flow margin of 10.4 percent. The hospital has improving balance sheet measures with 147 days cash on June 30.
The stable outlook reflects the expectation the hospital will continue to generate adequate cash flow levels.
More articles on hospital credit ratings:
Fitch affirms ‘BBB-‘ rating for Columbia Memorial Hospital, outlook stable
Moody’s revises OSF Healthcare System’s outlook to stable
Moody’s affirms Ochsner Clinic Foundations’ ‘Baa1’ rating
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.