HealthLeaders Media March 26, 2020
The decision came less than a week after Moody’s and Fitch both changed their outlooks for the healthcare sector.
S&P Global Ratings revised the outlook for the nonprofit acute care sector from stable to negative Wednesday due to the “possible prolonged” impact associated with the ongoing spread of coronavirus disease 2019 (COVID-19).
The ratings agency cited concern around “significant uncertainty” created by the pandemic as a primary driver for revising the outlook to negative for 2020.
S&P also noted that provider organizations faced challenges related to revenue generation and expense control prior to the coronavirus crisis, which will only be amplified going forward.
“For all healthcare organizations, we believe the pandemic will result in sizeable increases in operating costs, particularly...
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