Moody’s has also affirmed CAMC’s “A3” rating. The rating affirmation is based on CAMC’s adequate liquidity and market position as the major healthcare provider in southwestern West Virginia.
The outlook revision is based on several factors, including an unexpectedly weak performance in fiscal year 2015 and financial pressures expected to carry into fiscal year 2016.
More articles on healthcare finance:
Fla. Gov. Rick Scott’s $79.3B budget plan stirs hospitals: 3 things to know
Hospital to waive ER bill for victims of Oklahoma State University homecoming car crash
For-profit hospital stock report: Week of Nov. 23-27
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.