Healthy Outcomes: Insights into the credit ratings of hospitals and health systems

On this episode of Healthy Outcomes, our host Mark Ross interviews Kevin Holloran, Senior Director at Fitch Ratings, an international credit rating agency. Together, they discuss the Fitch Ratings report that was issued in December 2022, U.S. Not-For-Profit Hospitals and Health Systems Outlook for 2023, as well as a variety of other topics affecting the credit ratings of hospitals and health systems.  

Topics of discussion include:  

• Challenges faced by health systems in 2022, including labor shortages, inflationary pressures and more 
• Core credit drivers for hospitals and health systems  
• Financial ratios and other metrics that can influence a health system’s credit rating 
• Merger and acquisition (M&A) activity in the healthcare industry and its impact on the rating process 
• Environmental, social and governance (ESG) principles and their applicability to health systems from a rating perspective 
• What's on the horizon for healthcare systems in 2023 and beyond 

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About our guest

Kevin Holloran 

Kevin Holloran is the senior director at Fitch Ratings. Prior to joining Fitch Ratings in 2017, Kevin spent 14 years at S&P Global Ratings (Standard & Poor’s) serving as both the analytical manager and sector leader for the U.S. not-for-profit healthcare group. In addition, Kevin is also a frequent commentary author and guest speaker.