The rating affirmation is based on multiple factors, including MRMC’s relatively stable position as a community hospital.
The outlook revision reflects MRMC’s deteriorating cash flow through nine months of fiscal year 2016, challenged operations and weakening debt service coverage.
More articles on healthcare finance:
July revenues exceed $400k for Certive Solutions
Jopari aims to invigorate attachments exchange for providers
Kindred to close 2nd Texas long-term care hospital
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.