Industry Trends

New York State ranks highest, with 43% of its 22 rural hospitals facing risk of shutting down.

Moody's Investors Service has downgraded Nuvance Health's revenue bond rating to Baa3 from Baa2. The outlook is negative at the lower rating level. Nuvance has approximately $1 billion of debt outstanding.

Fitch Ratings’ 2023 medians (using audited 2022 data) largely show sizable and widespread deterioration in operating margins and balance sheet metrics.

U.S. Digestive Health CEO Jerry Tillinger discusses the upsides to consolidation.

During COVID, cosmetic procedures actually rebounded faster than the medical dermatology side.

Factors behind the increase include capital market constrraints, labor and supply cost pressures, market returns and more.

Preston Hollow Community Capital, a lender and bondholder for Mercy Hospital-Iowa City, has filed a court petition seeking to have a receiver appointed to safeguard the hospital’s assets. Preston Hollow has also issued a public statement claiming the hospital has defaulted on loan agreements and resisted pressure to put in place a new strategy that might improve Mercy’s financial outlook.

Private-pay home care providers generally bill two times more than what they pay caregivers, meaning they can hand off rising costs to the client. But home care providers ultimately see that as an existential threat to their businesses.

Behavioral health JVs have been steadily on the rise since 2019. In fact, the first few quarters of 2022 alone saw more JV activity than either of the previous two years.

The algorithms often have "hallucinations" and provide false information, including errors in listing medications and introducing "disjointed, nonsensical sentences," according to the report.