Healthcare: State of the Industry

2022 has been an challenging operating year for healthcare, coming on the heels of prolonged pandemic volatility. Overall, healthcare credit remains largely stable due to adaptable management and solid cash and liquidity.

Hospitals are actively adopting strategies to rebound after the Omicron surge and continued labor pressures.  Fiscal 2022 operating performance is likely to be soft for most, and though we expect strong cash cushion from 2021 to buoy most through the cycle, systems with already weak debt service coverage and covenant headroom are most at risk.  Inflationary pressures are compounding already volatile expense growth.  

  • Our expectations for fiscal 2022 results after a very weak first half of 2022
  • An outline of where the credit risk is most acute for fiscal 2022
  • The impact of higher inflation on the industry
  • Top healthcare trends for the future
  • Speakers keyboard_arrow_down
    Eva Bogaty Associate Managing Director and Head of Healthcare, US Public Finance Group Moody's Investors Service Bio
    Beth Wexler Vice President/Senior Credit Officer Moody's Investors Service Bio
    Diana Lee Vice President - Senior Credit Officer, US Public Finance Group Moody's Investors Service Bio
    Rita Strauss Assistant Vice President/Analyst Moody's Investors Service Bio
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