The district includes Lake Chelan (Wash.) Community Hospital, and the ratings reflect Moody’s expectation that the hospital will not improve its weak cash flow margin and thin liquidity. However, the rating is supported by a growing tax base.
The rating outlook was revised from negative to stable.
More articles on healthcare finance:
Tower Health lowers charges by 30% at 5 of its 6 hospitals
Neonatal telehealth reduces transfers, boosts community hospital revenue, study finds
Fitch: Healthcare profit margins will face pressure in 2019