Concurrently, Moody’s affirmed its “Aa1” rating on Intermountain Healthcare’s $2 billion of outstanding debt.
The assignment and affirmation are a result of several factors, including the health system’s dominant market share, solid debt coverage and strong cash levels. In addition, Moody’s favorably viewed the health system’s completion of a multiyear EHR installation without major disruption.
The outlook was revised to stable from negative, reflecting Moody’s expectation that Intermountain will improve its operating performance as its management focuses on cost reduction and optimizes its new IT system.
More articles on healthcare finance:
Fitch: State governments will spend 8% more on healthcare by 2025
8 recent hospital, health system outlook and credit rating actions
5 recent RCM service expansions
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.