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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
