Moody’s health care debt downgrade biggest in 20 years

NEWS IN BRIEF — Posted March 18, 2013

Print  |   Email  |   Respond  |   Reprints  |   Like Facebook  |   Share Twitter  |   Tweet Linkedin

Moody’s Investors Service downgraded $20 billion in nonprofit health care debt in 2012, about three times more than last year’s $6.4 million downgraded debt, according to a February report.

It is the highest amount of downgraded debt in one year since 1995, when Moody’s began tracking that metric. The $20 billion debt was more than double this year’s $9.7 billion in upgraded debt.

The downgrade was caused by lower volume trends, poor revenue growth and debt service coverage, the report said. Liquidity, competition, increased debt and management issues also contributed.

Three health systems — Catholic Health Initiates, Dignity Health and Memorial Sloan-Kettering Cancer Center — made up about $13 billion of the $20 billion downgraded debt.

Back to top



Read story

Confronting bias against obese patients

Medical educators are starting to raise awareness about how weight-related stigma can impair patient-physician communication and the treatment of obesity. Read story

Read story


American Medical News is ceasing publication after 55 years of serving physicians by keeping them informed of their rapidly changing profession. Read story

Read story

Policing medical practice employees after work

Doctors can try to regulate staff actions outside the office, but they must watch what they try to stamp out and how they do it. Read story

Read story

Diabetes prevention: Set on a course for lifestyle change

The YMCA's evidence-based program is helping prediabetic patients eat right, get active and lose weight. Read story

Read story

Medicaid's muddled preventive care picture

The health system reform law promises no-cost coverage of a lengthy list of screenings and other prevention services, but some beneficiaries still might miss out. Read story

Read story

How to get tax breaks for your medical practice

Federal, state and local governments offer doctors incentives because practices are recognized as economic engines. But physicians must know how and where to find them. Read story

Read story

Advance pay ACOs: A down payment on Medicare's future

Accountable care organizations that pay doctors up-front bring practice improvements, but it's unclear yet if program actuaries will see a return on investment. Read story

Read story

Physician liability: Your team, your legal risk

When health care team members drop the ball, it's often doctors who end up in court. How can physicians improve such care and avoid risks? Read story

  • Stay informed
  • Twitter
  • Facebook
  • RSS
  • LinkedIn