The downgrade is based on a number of factors, including the facility’s low liquidity levels, challenging payer mix, difficult operating environment and weak operating cash flow margins.
The outlook is negative, reflecting the challenges presented by the District’s rural location, competitive environment and demographic trends.
More articles on healthcare finance:
Moody’s upgrades Hackensack University Medical Center’s rating to ‘A2’
OIG: Massachusetts home healthcare provider received $15.5M in Medicare overpayments
35 NJ hospitals sued over tax-exempt status
