The rating upgrade was supported by a number of factors, including the hospital’s improved operating margins, with the hospital posting a 9 percent operating cash flow margin in fiscal year 2014. The rating upgrade was also supported by the hospital’s strong revenue growth.
The Christ Hospital also faces some challenges, which were considered for the rating upgrade, such as operating in a very competitive market.
More articles on healthcare finance:
The hidden costs of healthcare: 5 things to know
Torrance Memorial Medical Center opens new $450M patient tower
Kansas hospitals continue push for Medicaid expansion
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.