Dartmouth-Hitchcock Obligated Group is part of the parent organization Dartmouth-Hitchcock Health.
“The CreditWatch placement reflects our view of Dartmouth-Hitchcock’s recent release of unaudited fourth quarter financial statements (period ended June 30, 2016), which included a significant operating loss compared to our expectations for the fiscal year,” said S&P analyst Jennifer Soule.
“It also reflects the unexpected departure of Dartmouth-Hitchcock’s CFO and uncertainties about the system’s ability to re-stabilize its financial performance in fiscal 2017 following financial challenges it experienced implementing a new billing system during fiscal 2016,” Ms. Soule added.
Dartmouth-Hitchcock named Daniel Jantzen CFO in July. He replaced Robin Kilfeather-Mackey.
More articles on healthcare finance:
From money pit to strategy unit: ClearBalance CEO talks change in RCM
Fitch affirms Kings’ Daughters’ Health’s ‘BBB+’ rating
Oregon’s healthcare price transparency grade improves after website creation
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.