The rating reflects material declines in operating performance as well as Moody’s expectation that the hospital’s debt levels will rise as it funds a new outpatient center. Fairfield Medical Center’s margin pressures also stem from lowered surgery volume as a result of the loss of an orthopedic group in late 2016.
The rating outlook remains negative.
More articles on healthcare finance:
RCM tip of the day: Train your staff
AHA, HHS present court arguments on Medicare appeals backlog: 7 things to know
Black Book’s top 25 RCM software and technology vendors in 2018
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
