The rating assignment was supported by a number of factors, including the system’s history of excellent operating performance and growing unrestricted cash and investment balances. As of Sept. 30, 2014, SCHS had 457 days cash on hand.
The system also faces some challenges, which were considered for the rating assignment, such as operating in a somewhat challenging environment.
SCHS’ outlook is currently stable, which reflects Moody’s expectation that the system “will continue to experience enterprise growth, produce strong operating performance, and build unrestricted investment balances in support of the organization’s relatively high debt load.”
More articles on healthcare finance:
Tenet’s 2015 financial outlook falls below expectations
CFOs are executives most likely to hit the road after CEO departure
5 costly healthcare megatrends
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
