The downgrade to 'BBB+' reflects ongoing operational challenges resulting from labor and wage pressure and disruption related to a system-wide IT implementation as the MCHS continues to integrate newly acquired facilities following a period of high growth and elevated capital investment.
The one-notch upgrade to 'AA-'/Stable reflects the continued strength of OHI's operating performance, growth in unrestricted liquidity, and excellent market position in a demographically favorable market.
Increased transparency for hospital pricing is opening doors for data miners to dig into the costs and profits of the health system to help understand how much hospitals are charging and the breakeven costs for those facilities.
Gov. Phil Scott’s administration requested approval to reallocate $9.25 million from this year’s budget to support the rapid development of an inpatient youth psychiatric unit at Southwestern Vermont Medical Center, which recently announced affiliation plans with Darmouth Health.
Bartlett Regional Hospital has lost an average of about $1.4 million a month for the last six months. For the first time in the hospital’s history, its leaders will have to make major changes to stop the losses. There haven’t been any layoffs yet, but they haven’t been ruled out either.