Search Sort by Newest to OldestOldest to NewestRelevanceA-ZZ-A Pagination Current page 1 Page 2 Next page › Last page Last 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 Inside Rating Committee: Five Things to Know The rating committee is central to the rating process: all rating decisions are made by the committee, not an individual. In her new blog, Lisa Goldstein identifies five things to know about what happens in a rating committee. Blog Hitting the Reset Button – The Sequel As organizations prepare for rating agency presentations, financial performance will continue to occupy much of the agenda. But analysts also will want an update on long-term strategies as performance stabilizes and the industry resets to a new status quo. Blog The Sky Is Orange and the Bottom Line Is Red The maintenance of financial reserves is critical in rating committee during difficult times. Management teams that have outlined a credible plan to create financial durability and have built liquidity are best positioned for today’s harsh environment. Blog Financial “Twindemic” and the Impact on Ratings Although hospitals have experienced difficult operating periods and volatile stock markets in the past, the simultaneous impact of these two forces in 2022 was a first in not-for-profit healthcare, creating a financial “twindemic” that drove many of the downgrades. Blog Ratings Tolerance During Financial Turbulence In recent months, hospitals of all sizes and ratings are reporting tremendous financial turbulence, primarily due to externalities such as the nursing shortage and the need for expensive contract labor. Blog Hitting the Reset Button With one out of every two hospitals expected to show an operating loss in 2022 , presentations to the rating agencies in many cases need to focus more on the turnaround plan and less on... Blog Who's Bucking the Trend? It’s not all bad news when it comes to not-for-profit hospital financial performance. Some hospitals and health systems are navigating labor pressures and reporting improving results. Blog Covenant Challenges Signal Need to Chart a Path to Sustainability The possibility of breached covenants is a symptom of deeper problems that require an all-hands-on-deck approach to get back on a sustainable path. Blog Affirmation Is the New Upgrade The staggering losses reported by many not-for-profit hospitals in the first quarter of 2022 showed deficits that the industry has rarely seen. Blog Covenant Management in Uncertain Times The first quarter of 2022 will undoubtedly be one of the most financially challenging periods for not-for-profit hospitals. Blog Hope Doesn’t Pay Debt Service…or Does It? “Hope doesn’t pay debt service” is a message I heard repeatedly from many hospital executives during my years as a ratings analyst. Any astute finance executive or finance committee... Blog Pagination Current page 1 Page 2 Next page › Last page Last
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
Inside Rating Committee: Five Things to Know The rating committee is central to the rating process: all rating decisions are made by the committee, not an individual. In her new blog, Lisa Goldstein identifies five things to know about what happens in a rating committee. Blog
Hitting the Reset Button – The Sequel As organizations prepare for rating agency presentations, financial performance will continue to occupy much of the agenda. But analysts also will want an update on long-term strategies as performance stabilizes and the industry resets to a new status quo. Blog
The Sky Is Orange and the Bottom Line Is Red The maintenance of financial reserves is critical in rating committee during difficult times. Management teams that have outlined a credible plan to create financial durability and have built liquidity are best positioned for today’s harsh environment. Blog
Financial “Twindemic” and the Impact on Ratings Although hospitals have experienced difficult operating periods and volatile stock markets in the past, the simultaneous impact of these two forces in 2022 was a first in not-for-profit healthcare, creating a financial “twindemic” that drove many of the downgrades. Blog
Ratings Tolerance During Financial Turbulence In recent months, hospitals of all sizes and ratings are reporting tremendous financial turbulence, primarily due to externalities such as the nursing shortage and the need for expensive contract labor. Blog
Hitting the Reset Button With one out of every two hospitals expected to show an operating loss in 2022 , presentations to the rating agencies in many cases need to focus more on the turnaround plan and less on... Blog
Who's Bucking the Trend? It’s not all bad news when it comes to not-for-profit hospital financial performance. Some hospitals and health systems are navigating labor pressures and reporting improving results. Blog
Covenant Challenges Signal Need to Chart a Path to Sustainability The possibility of breached covenants is a symptom of deeper problems that require an all-hands-on-deck approach to get back on a sustainable path. Blog
Affirmation Is the New Upgrade The staggering losses reported by many not-for-profit hospitals in the first quarter of 2022 showed deficits that the industry has rarely seen. Blog
Covenant Management in Uncertain Times The first quarter of 2022 will undoubtedly be one of the most financially challenging periods for not-for-profit hospitals. Blog
Hope Doesn’t Pay Debt Service…or Does It? “Hope doesn’t pay debt service” is a message I heard repeatedly from many hospital executives during my years as a ratings analyst. Any astute finance executive or finance committee... Blog