UMCC’s rating downgrade was based on a number of factors. The health system has had weak operating performance through the first nine-months of fiscal year 2014 associated with an IT system conversion. In addition, UMCC’s cash on hand has weakened over the last few years, with just 41 days of cash on hand as of March 31.
The health system’s negative outlook is based on the expectation that UMCC’s operating performance will remain challenged.
More Articles on Hospital Credit Ratings:
Moody’s Affirms Atlantic Health System’s ‘A1’ Rating, Outlook Stable
Moody’s Affirms Crittenton Hospital Medical Center’s ‘Baa3’ Rating, Outlook Negative
Fitch Affirms MedStar Health’s ‘A’ Rating, Outlook Stable
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.
