The rating affirmation was supported by a number of factors, including the hospital’s strong market share and improved financial performance in fiscal year 2014.
Torrance Memorial also faces some challenges, which were considered for the rating affirmation, such as having low levels of liquidity.
More articles on healthcare finance:
El Paso Children’s Hospital considering bankruptcy
5 pieces of advice health system CFOs shared this month
IRS provides guidance on ‘Cadillac’ health plan tax
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.