Bangkok--28 Jul--Standard & Poor's
Rating levels for health care systems showed moderate improvement in fiscal 2009, reflecting what Standard & Poor's Ratings Services believes to be a combination of sharper expense management and revenue cycle improvements, according to a report, "U.S. Not-For-Profit Health Care System Fiscal 2009 Ratios Show Moderate Improvement," published by Standard & Poor's.
"After a difficult two-year period, fiscal 2009 U.S. health care system median ratios show what we consider a modest improvement across most of the rating spectrum," says credit analyst Antionette Maxwell. "We view the 2009 improved operating performance seen across all Standard & Poor's Ratings Services' rating levels for health care systems as a significant credit factor, and we believe the trend reflects a combination of sharper expense management and revenue cycle improvements," she adds.
The report notes that, while Standard & Poor's believes the sector "has made meaningful and measurable progress this past year," economic and operational pressures "will likely continue in both the short and long term."
The report is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to
[email protected]. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Media Contact:
Ana Sandoval, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Antionette W Maxwell, Chicago (1) 312-233-7016
Shivani Singh, New York (1) 212-438-3120
Martin D Arrick, New York (1) 212-438-7963
Cynthia Keller Macdonald, New York (1) 212-438-2035
Margaret McNamara, New York (1) 212-438-2007