The rating reflects a high degree of operating variability and expected cash flow problems due to an unfavorable payer mix and declining volumes. Moody’s expects a meager cash flow will limit the prospects for meaningful liquidity growth.
The outlook has been revised from negative to stable.
More articles on healthcare finance:
For-profit hospital stock report: Week of Dec. 3-7
MedPAC considers direct Medicare billing for NPs, PAs
Volatile net revenue continues to challenge nonprofit hospital CFOs