Mercy Medical Center Receives Strong Credit Ratings
Hospitals are routinely assigned credit ratings by outside investor services. We’re pleased that Moody’s Investors Service has affirmed Mercy’s strong A2 credit rating, and upgraded the hospital’s outlook to “stable.” Additionally, Mercy has received an A rating, also with a “stable” outlook, from credit ratings service Standard & Poor’s.
These positive credit ratings reflect Mercy’s strong financial performance this fiscal year and the hospital’s success in consistently surpassing budget targets identified through our multi-year strategic plan.
This past year, Mercy has seen increased inpatient, emergency room, clinic and urgent care volumes, among other areas. The hospital is also seeing positive results through growth initiatives in areas where Mercy and providers are aligned and working closely together, such as family practice, cardiology, pediatrics and general surgery.
Mercy is proud of the progress we’ve made but work still needs to be done. The healthcare industry will continue to shift and hospitals will face ongoing challenges brought forth by reform and other factors. By working strategically and staying true to the hospital’s mission, we are confident we will overcome these challenges and continue to deliver exceptional patient care while maintaining long-term financial strength.