Healthcare Finance News January 24, 2025
Three rating agencies collectively downgraded 95 facilities and upgraded 37 in 2024, compared to 116 and 33, respectively, in 2023.
Once again, more nonprofit hospitals experienced credit downgrades than upgrades in 2024, though the difference between the two is not as great as it has been in previous years, according to a new analysis.
In a blog post, Kaufman Hall Managing Director Lisa Goldstein reviewed the rating actions published by three credit agencies – Moody’s, S&P and Fitch – and said they collectively downgraded 95 facilities and upgraded 37 in 2024, compared to 116 and 33, respectively, in 2023.
Many of the downgrades occurred because expenses exceeded revenue growth, she said, despite the decline in use of contract labor and...
Today's Sponsors
Today's Sponsor