“Adventist Health’s financial performance has strengthened considerably due in large part to the recognition of the benefit of California’s provider fee program, but also due to operational improvement initiatives surrounding a systemwide standardizations and revenue cycle enhancements, which began to yield noticeable benefits in fiscal 2014 and have been sustained through fiscal 2015 and into fiscal 2016 year-to-date,” said S&P analyst Kevin Holloran.
“In addition, we believe that Adventist Health’s solid enterprise profile, with considerable revenue diversity, with 19 hospitals in four distinct western regions, provides some, but not unlimited, cushion for management to continue to implement strategies to strengthen the financial profile,” Mr. Holloran added.
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