The rating affirmation on the nine-hospital system’s bonds was supported by a number of factors, including its growing market presence and excellent financial performance.
Parkview Health System also faces some challenges, which were considered for the rating action, such operating in a competitive market.
The outlook revision reflects Moody’s expectation that the system “will continue to generate above average operating performance, in the near term, which will result in further deleveraging of the balance sheet and improved debt service coverage metrics.”
More articles on healthcare finance:
SGR fix carries $174.5B price tag, CBO says
5 CFOs in the headlines this week
Adapting to the new reimbursement climate: Q&A with Alexian Brothers Health System CFO Paul Belter
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.
