Citing more severe than expected macro headwinds, Fitch revised its sector outlook for nonprofit hospitals and health systems to “deteriorating,” Becker’s reports.
Nonprofit hospitals have been hamstrung by labor and broader macro inflationary pressures that “are rendering the sector even more vulnerable to future stress,” Fitch senior director Kevin Holloran said. Investment losses have also contributed to a rockier 2022 than anticipated, and operating metrics are down significantly compared to last year. Read more.
