The affirmation is a result of several factors, including the hospital’s favorable service area, leading local market share, reputation as a low-cost provider and Maryland’s regulated rating environment, which provides revenue predictability. Moody’s unfavorably viewed the hospital’s high leverage and low liquidity.
The outlook was revised to negative from stable, reflecting the hospital’s liquidity decline in fiscal year 2017 and its small scale.
More articles on healthcare finance:
15 recent hospital, health system outlook and credit rating actions
T-System appoints Robert Hitchcock documentation chief: 4 things to know
For-profit hospital stock report: Week of July 30-Aug. 3
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.