What's the next step for a CFO after a health system receives a downgrade?
Over a dozen hospitals and health systems have received downgrades in 2024. But CFOs shouldn’t panic right away, and instead look at a financial downgrade as a great opportunity to implement change.
HealthLeaders spoke with Adventist Health CFO John Beaman about what it means for a hospital to receive a downgrade. “I want to reinforce the importance of rating agencies. I do find my interactions with them valuable when we talk to them at least every year,” Beaman said. “[But] they have a good objective view of the entire industry.”
CFOs can look at several opportunities to identify underlying challenges and avoid future downgrades. Check out these four tips on how to navigate a downgrade.
Be sure to read the accompanying article too.
4 Tips For Navigating a Downgrade by Marie DeFreitas
Marie DeFreitas is the CFO editor for HealthLeaders.