Moody's revises Flagler Healthcare System's outlook to stable

Moody's Investors Service affirmed its "Baa1" issuer rating on St. Augustine, Fla.-based Flagler Healthcare System. Concurrently, Moody's affirmed its "Baa1" rating on $32.6 million of the health system's bonds.

The affirmations are a result of the health system's leading market position and improving operating margin.  Moody's negatively viewed the health system's high leverage, unfavorable payer mix and small size.

The outlook was revised to stable from negative, reflecting the health system's improving operating performance.

More articles on healthcare finance:
CMS eases readmission penalties for safety-net hospitals
Memorial Sloan Kettering shifts fundraising focus as problems mount
4 tips to improve revenue cycle now

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months