Search Sort by Newest to OldestOldest to NewestRelevanceA-ZZ-A Pagination Current page 1 Page 2 Page 3 … Next page › Last page Last Steward Files for Bankruptcy and It Feels All Too Familiar Steward Health Care’s recent Chapter 11 bankruptcy filing is one of the largest health system bankruptcies in recent memory. Although Steward is a for-profit system, there are important lessons that not-for-profit health system leaders can learn from the Steward bankruptcy. Blog Days Cash on Hand Does Not Tell the Full Liquidity Story While days cash on hand is a pillar liquidity ratio for healthcare, liquidity is an equally important concept. There is a difference between wealth and liquidity, and recent events have demonstrated the growing importance of the latter. Blog The Change Healthcare Cyberattack: A Risk Perspective for CFOs and Treasurers The Change Healthcare cyberattack is a reminder of the need to prepare for future risk events. Organizations should ensure adequate and diverse liquidity sources and allocate certain assets in the investment portfolio to protect and preserve their core mission. Article 2024 Rating Agency Spring Webinar Watch an engaging discussion with Moody’s, Fitch and S&P on their latest industry outlooks, rating activity through early 2024 and what this means for the sector. Webinar Rating Agency Upgrade an Downgrade Decisions Upgrades and downgrades reflect the realities of what ratings are intended to do, which is to reflect the rating agency’s best assessment of an organization’s performance for investors. Upgrades must be earned and downgrades may happen quickly, but affirmations are most typical. Blog Three Must-Haves for Every Rating Presentation How you tell the story of your organization is as important as the story itself. Paying attention to three key themes will help ensure that your best voice is being heard in rating committee. Blog Credit and Capital Markets Outlook for 2024 There was a general improvement in operating margins over the course of 2023, and it is possible that we have reached a point of stability. But with margins still well below pre-pandemic levels, will that level of stability provide sustainability? Article 5 Key Takeaways from Healthcare Rating Activity in 2023 The past year saw a material increase in downgrades over 2022 while the number of upgrades declined from the prior year. Here are five key takeaways from rating activity in 2023. Blog Three Things Board Members Should Know When Attending Rating Agency Meetings How can board members play a helpful role in rating agency meetings if they are invited to attend? Here are three ways in which board members can add value to the rating presentation. Blog Uncertainty Regarding Covenant Compliance Continues Responses to Kaufman Hall’s 2023 “State of Healthcare Performance Improvement” report indicate ongoing concern regarding covenant challenges in 2024. Organizations need to understand the causes of covenant misses and near misses and build a durable financial plan for the future. Blog The Balance Sheet Buffer Balance sheet strength has buffered consumers and businesses from some of the restrictive shock of higher rates. With a relatively brittle revenue model in healthcare, the focus becomes whether, when, and how to restructure operations as balance sheets are spent down. Blog Downgrades and the Rating Sword of Damocles The number of not-for-profit hospital rating downgrades has escalated in 2023, suggesting that benefit of the doubt is running out. Hospitals will need to go the extra mile when preparing material for their rating agency meetings. Blog Pagination Current page 1 Page 2 Page 3 … Next page › Last page Last
Steward Files for Bankruptcy and It Feels All Too Familiar Steward Health Care’s recent Chapter 11 bankruptcy filing is one of the largest health system bankruptcies in recent memory. Although Steward is a for-profit system, there are important lessons that not-for-profit health system leaders can learn from the Steward bankruptcy. Blog
Days Cash on Hand Does Not Tell the Full Liquidity Story While days cash on hand is a pillar liquidity ratio for healthcare, liquidity is an equally important concept. There is a difference between wealth and liquidity, and recent events have demonstrated the growing importance of the latter. Blog
The Change Healthcare Cyberattack: A Risk Perspective for CFOs and Treasurers The Change Healthcare cyberattack is a reminder of the need to prepare for future risk events. Organizations should ensure adequate and diverse liquidity sources and allocate certain assets in the investment portfolio to protect and preserve their core mission. Article
2024 Rating Agency Spring Webinar Watch an engaging discussion with Moody’s, Fitch and S&P on their latest industry outlooks, rating activity through early 2024 and what this means for the sector. Webinar
Rating Agency Upgrade an Downgrade Decisions Upgrades and downgrades reflect the realities of what ratings are intended to do, which is to reflect the rating agency’s best assessment of an organization’s performance for investors. Upgrades must be earned and downgrades may happen quickly, but affirmations are most typical. Blog
Three Must-Haves for Every Rating Presentation How you tell the story of your organization is as important as the story itself. Paying attention to three key themes will help ensure that your best voice is being heard in rating committee. Blog
Credit and Capital Markets Outlook for 2024 There was a general improvement in operating margins over the course of 2023, and it is possible that we have reached a point of stability. But with margins still well below pre-pandemic levels, will that level of stability provide sustainability? Article
5 Key Takeaways from Healthcare Rating Activity in 2023 The past year saw a material increase in downgrades over 2022 while the number of upgrades declined from the prior year. Here are five key takeaways from rating activity in 2023. Blog
Three Things Board Members Should Know When Attending Rating Agency Meetings How can board members play a helpful role in rating agency meetings if they are invited to attend? Here are three ways in which board members can add value to the rating presentation. Blog
Uncertainty Regarding Covenant Compliance Continues Responses to Kaufman Hall’s 2023 “State of Healthcare Performance Improvement” report indicate ongoing concern regarding covenant challenges in 2024. Organizations need to understand the causes of covenant misses and near misses and build a durable financial plan for the future. Blog
The Balance Sheet Buffer Balance sheet strength has buffered consumers and businesses from some of the restrictive shock of higher rates. With a relatively brittle revenue model in healthcare, the focus becomes whether, when, and how to restructure operations as balance sheets are spent down. Blog
Downgrades and the Rating Sword of Damocles The number of not-for-profit hospital rating downgrades has escalated in 2023, suggesting that benefit of the doubt is running out. Hospitals will need to go the extra mile when preparing material for their rating agency meetings. Blog