The affirmation is a result of Glencoe Regional’s healthy balance sheet metrics, low debt burden and positive operating performance.
“The outlook revision reflects our view of the hospital’s large unbudgeted operating losses in fiscal 2017 due primarily to unexpected physician turnover that depressed business volumes and eroded the revenue base resulting in deficit operations,” said S&P credit analyst Wendy Towber.
More articles on healthcare finance:
Fitch: State governments will spend 8% more on healthcare by 2025
8 recent hospital, health system outlook and credit rating actions
5 recent RCM service expansions
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.
