The rating affirmation is based on a number of factors, including Torrance’s excellent market position, adequate profitability metrics and stable balance sheet metrics.
The outlook is stable, reflecting Moody’s expectation that the medical center will continue to generate financial performance similar to the results it achieved in fiscal year 2015.
More articles on healthcare finance:
Flint health centers awarded $500k for water crisis
RCM tip of the day: Understand CMS’ bundling program
Georgia hospitals unite to avoid financial failure
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.