Here are seven hospitals and health systems with strong operational metrics and solid financial positions, according to recent reports from Fitch Ratings and Moody's Investors Service.
Note: This is not an exhaustive list. Hospital and health system names were compiled from recent credit rating reports and are listed in alphabetical order.
1. Downers Grove, Ill.-based Advocate Health Care has an "Aa2" rating and stable outlook with Moody's. The health system has a strong market position, healthy liquidity, moderate leverage and good debt metrics, according to Moody's.
2. Morristown, N.J.-based Atlantic Health System has an "Aa3" rating and stable outlook with Moody's and an "AA-" rating and stable outlook with S&P. The system has stable operating performance, balance sheet growth and a favorable market position, according to Moody's.
3. Phoenix-based Banner Health has an "AA-" rating and stable outlook with Fitch. The health system has a solid market position, adequate liquidity and healthy capital spending, according to Fitch.
4. Dallas-based Baylor Scott & White Health has an "Aa3" rating and stable outlook with Moody's. The health system has strong cash flow margins and a favorable business position as the largest nonprofit health system in Texas, according to Moody's.
5. Milwaukee-based Children's Hospital and Health System has an "Aa3" rating and stable outlook with Moody's. The system has a strong balance sheet and is the dominant provider of tertiary and quaternary pediatric services in southeastern Wisconsin, according to Moody's.
6. Indianapolis-based Indiana University Health has an "Aa2" rating and stable outlook with Moody's. The system has healthy margins and a strong market position, according to Moody's.
7. Rochester, Minn.-based Mayo Clinic has an "Aa2" rating and stable outlook with Moody's. Mayo has an excellent clinical reputation and diversified revenue across multiple locations, states and types of hospitals, according to Moody's.
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