Moody's Investors Service recently released a report, indicating that sequestration will worsen the "already challenging operating environment" of the non-profit hospital sector.
Within the report, Moody's analysts listed the top 15 hospitals and health systems in its rated portfolio that have the highest Medicare mix as a percentage of their gross revenue. Moody's does not plan to downgrade the hospitals, but the ratings agency "will monitor the ultimate credit impact on them."
Moody's found that most of the providers are from states, such as Florida, with larger retirement communities. Here are the 15 hospitals and health systems that are most exposed to Medicare in Moody's portfolio.
|
Hospital/Health System |
Moody's Credit Rating |
Net Patient Service Revenue |
Medicare as % of Gross Revenue |
|
Central Florida Health Alliance |
Baa1 |
$377.7 million |
70.2% |
|
Citrus Memorial Hospital |
B3 |
$144.4 million |
69.9% |
|
Kuakini Health System |
Ba1 |
$134.6 million |
68.8% |
|
Eisenhower Medical Center |
Baa2 |
$388.6 million |
65.8% |
|
Baxter Regional Medical Center |
Baa2 |
$157.4 million |
65.0% |
|
Deborah Heart and Lung Center |
B1 |
$135.9 million |
61.7% |
|
Munroe Regional Health System |
A3 |
$291.0 million |
61.4% |
|
Jefferson Regional Medical Center |
Baa2 |
$256.0 million |
59.4% |
|
Martin Medical Center |
Baa1 |
$329.5 million |
59.0% |
|
NCH Healthcare System |
A2 |
$506.4 million |
58.5% |
|
East Jefferson General Hospital |
Baa3 |
$362.3 million |
58.2% |
|
Yavapai Regional Medical Center |
Baa2 |
$249.2 million |
58.1% |
|
Flagler Hospital |
A3 |
$211.7 million |
57.9% |
|
Ohio Valley General Hospital |
Ba3 |
$56.0 million |
57.8% |
|
Beebe Medical Center |
Baa3 |
$267.0 million |
56.7% |
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