The downgrade reflects the hospital’s material variance in fiscal year 2018 operating performance and a continued trend of weak performance. With more modest cash flow, the hospital’s debt service coverage ratio will weaken.
The rating is under review for further downgrade.
More articles on healthcare finance:
Major health systems, insurers have converted nearly half of business to value-based payments
RCM tip of the day: Introduce appreciative inquiry
94% of patients expect their provider to tell them about bill payment options, survey finds
