S&P raises Hardin Memorial Hospital’s rating to ‘A-‘

S&P Global Ratings raised the rating to “A-” from “BBB” on Elizabethtown, Ky.-based Hardin Memorial Hospital’s series 2013 bonds.

Advertisement

“The upgrade acknowledges meaningfully improved financial performance over the past two years, largely reflecting Medicaid expansion in Kentucky, growth in outpatient services and the hiring of additional physicians,” said S&P analyst James Fielding.

The outlook is stable.

More articles on healthcare finance:
AHA: Medicare underpaid hospitals by $41.6B in 2015
5 questions with EqualizeRCM Services President Michael Hill
At least 50 Mass. hospitals likely eligible for payout from state trust fund

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.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.