S&P attributed the rating upgrade to several factors, including Delano Regional Medical Center’s strong operating margins, enhanced balance sheet metrics and its position as a recipient of the expanding quality assurance fee program.
The outlook remains stable, reflecting S&P’s expectation that the hospital will maintain strong operating margins and improved balance sheet metrics.
More articles on healthcare finance:
4 of 37 provider-sponsored health plans profitable in 2015
Illinois ordered to increase Medicaid funding to providers during budget impasse
Federal judge to decide whether Illinois must expedite $2B in Medicaid payments owed to providers in budget stalemate
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.