Additionally, Moody’s affirmed its “Aa3” rating to Parkview Health System’s outstanding debt,affecting $456 million of debt.
The rating assignment and affirmation are a result of several factors, including Parkview’s healthy financial performance, solid debt service coverage, vast variety of services, improvement in liquidity metrics and feasible capital spending.
The outlook is stable, which reflects Moody’s expectation that the health system’s strong operating performance and balance sheet metric improvement will continue.
More articles on healthcare finance:
Summa Health System to cut 300 jobs due to $60M operating loss
60% of finance executives underestimate impact of QPP, survey says
Hackensack Meridian Health, St. Vincent top achievers in patient pay recovery
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.