https://www.healthleadersmedia.com/finance/sp-slaps-negative-view-not-profit-health-sector
S&P Global Ratings has revised its view of the U.S. not-for-profit health sector to "negative" as a result of continuing operating pressures and volatility in the investment market.
"Margins and cash flow recently have at best demonstrated limited sustainability of a post-pandemic recovery and at worst have accelerated to uncharacteristically high losses," S&P Global Ratings credit analyst Suzie Desai, said in an email release. "We do not expect full margin recovery in 2023 and will likely see continued operating losses, albeit at lower levels than 2022, for many institutions. Meaningful improvement will likely take multiple years."
Hospitals and health systems across the U.S. are expected to finish the year in the red as labor and expense challenges persist.