Financial Management

Moody’s assigns ‘Aa3’ rating to Wellspan Health, upgrades Summit Health to ‘Aa3’

Moody’s Investors Service assigned an “Aa3” rating to York, Pa.-based WellSpan Health and upgraded Chambersburg, Pa.-based Summit Health’s rating from “A2” to “Aa3” after Summit formally became part of WellSpan.

Leo Vartorella

Thursday, March 7th, 2019

The ratings acknowledge the enhanced scale of WellSpan Health after the acquisition of Summit Health, which will provide further geographic diversification and translate to a leading market position in several counties.

The rating outlook remains negative for both organizations.

More articles on healthcare finance:

10 hospitals seeking RCM talent
Georgia Senate OKs surprise billing legislation: 6 things to know
5 recent RCM tips

How health systems move AI from concept to practice in utilization management

Wednesday, October 21

12:00 PM - 1:00 PM CDT

Presenters: Dr. Jennifer Weinberg, R1Melissa Hannan, R1

Next Up in Financial Management

Ascension moves beyond 'us vs. them' payer negotiations

In early January, Tamar Goldblatt was named vice president of payer revenue strategy and contracting at St. Louis-based Ascension. Since…

By: Madeline Scheetz
17 hours ago
77% of Medicaid improper payments tied to paperwork, not fraud: Report

CMS estimates that 77% of fiscal year 2025 Medicaid improper payments resulted from insufficient documentation rather than fraud or abuse,…

By: Andrew Cass
17 hours ago
Ghost rates out, attestations in: What the payer transparency rule means for hospitals

Payers will soon have to strip so-called “ghost rates” from their price files and have a senior executive attest that…

By: Andrew Cass
18 hours ago

Comments are closed.

Next Up in Financial Management

Join the 500,000+ healthcare executives who start their day with Becker's