Credit rating implications for not-for-profit hospitals are likely to vary widely as institutions face the challenge of developing healthcare delivery systems to operate in a more dynamic and challenging environment in the future, according to a new report by Moody’s Investors Service.
In addition to the numerous short-term operating and financial challenges, Designing the Healthcare Delivery System of the Future: Credit Rating Implications for Not-for-Profit Hospitals Vary According to Strategy and Investments outlines how future healthcare delivery systems will be shaped by several long-term, macro issues that challenge the healthcare industry, including growing consumerism, increasing demand as the U.S. population ages, further shortages of healthcare workers and physicians, rising influence of insurers, and more uninsured patients.
“With each of these challenges and strategic responses, a long-term commitment to change is needed to create a healthcare delivery system that is successful,” said Moody’s senior vice president Lisa Goldstein, author of the report. “This includes willingness and an ability to assess performance versus plan at various midpoints in the strategic process and change course, if needed.”
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