Here are four things to know about the rating assignment and the system’s outlook.
1. The rating assignment was supported by a number of factors, including UVMHN’s large size and clinical position as the only academic medical center in Vermont and the North Country market of New York, according to Moody’s.
2. The rating assignment was also based on the system’s growth through acquisitions and affiliations with providers throughout the service area, and maintenance
of good operating metrics that have allowed the organization to grow unrestricted cash over the last several years.
3. UVMHN faces some challenges, which were considered for the rating assignment, such as a planned period of higher capital spending over the next several years, and an expected transition away from fee for service and greater emphasis on the system’s different accountable care organizations.
4. The system’s outlook is stable, which reflects Moody’s expectations “that UVMHN will maintain stable and good levels of operating performance and manage capital expenditures in tandem with operating performance to maintain adequate
liquidity metrics.”
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