The rating downgrade is based on a number of factors, including MRMC’s decline in unrestricted cash and investments over the past six months.
The outlook remains negative, reflecting the risk of potential interruption in MRMC’s debt service payments.
More articles on healthcare finance:
Cognizant launches platform to help consumers make healthcare cost, quality decisions
Utah hospital apologizes to wife of deceased patient charged $345 for physician’s empathy lesson
Oklahoma hospitals launch initiative to expand state-run insurance program: 4 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.