“The rating reflects UMMS’ strong enterprise profile with a sound business position as one of Maryland’s leading health systems, coupled with a good financial profile characterized by continued positive operating margins in fiscal 2016 and adequate liquidity and financial flexibility,” said S&P analyst Stephen Infranco.
The outlook is positive, reflecting S&P’s expectation that UMMS will continue to improve its financial trends.
More articles on healthcare finance:
How hospitals can elevate the standard of care and lower hospital costs
Fitch revises Summa Health System’s outlook to positive
6 Massachusetts health networks test ACO pilot program for Medicaid
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.