The downgrade is a result of several factors, including the hospital’s decreasing cashflow, crumbling liquidity reserves, weakening debt coverage and deteriorating ability to meet financial covenants.
The outlook is negative, reflecting Moody’s expectation that the hospital’s liquidity measures will continue to decline with a negative operating margin, increased debt risk and limited means to meet financial covenants.
More articles on healthcare finance:
Bankrupt Arizona hospital asks court to end levy for Medicaid expansion
W.Va clinic receives $2M grant
Mercy Health System adopts new billing system
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
