The rating affirmation is based on several factors, including Mercy’s size and scope of operations covering markets in four states: Missouri, Oklahoma, Kansas and Arkansas.
The outlook is revised to stable from negative, reflecting Mercy’s improved operating margins in fiscal year 2015 and Moody’s expectation that Mercy will generate margins adequate for an “Aa3”-rated health system in 2016.
More articles on healthcare finance:
For-profit hospital stock report: Week of Nov. 30-Dec. 4
OneShield Software releases claims management module to complete their suite
American College of Surgeons calls on US representative to support Medicare audit accountability bill
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.