Naples, FL., February 26, 2024 – NCH (Naples Comprehensive Health), with its two hospitals ranked within the top 100 in America, proudly announces its recent A3 rating from Moody’s. This is a testament to the healthcare system’s resilience and strategic initiatives during the challenging times that followed the pandemic.
While the healthcare industry faced unprecedented economic stress nationwide following the COVID outbreak, NCH emerged as a beacon of strength, consistently navigating through uncertainties while positioning the organization for quality outcomes and growth. NCH attributes this success to its visionary Board of Trustees, physicians, clinicians, the leadership team, and staff whose unwavering commitment to cost containment and innovative initiatives within the healthcare system played a pivotal role in not only weathering the storm but thriving.
The organization’s strategic focus on reducing length-of-stay and implementing cost-effective measures resulted in a significant recapture of dollars, reinforcing NCH’s financial stability and sustainability. Additionally, high labor costs incurred from travelling medical staff were eliminated resulting in huge financial recovery of resources to the system. These accomplishments reflect the institution’s dedication to providing quality care while ensuring fiscal responsibility.
In citing its reasons behind issuing NCH with the A3 rating, Moody’s stated that NCH is expanding key service lines, including construction of a new cardiovascular and stroke center and a new facility for orthopedic surgical procedures in partnership with Hospital for Special Surgery. NCH will continue to benefit from management’s thorough improvement plans and tenure.
Further, NCH’s liquidity and its strong market position were key drivers in securing the rating, noting the healthcare system’s strong market position in a favorable service area with good population growth. This has contributed to gains in philanthropy dollars to support expansion initiatives. NCH has demonstrated exceptional adaptability and foresight in aligning its services with the evolving needs of the community, contributing to its standing as a key player in the healthcare landscape.
“Our A3 rating from Moody’s is a testament to NCH’s unwavering commitment to both financial stewardship and exceptional quality patient care,” said Paul Hiltz, NCH President and CEO. “During the challenges of the pandemic, our team’s strategic initiatives ensured growth. We are proud to be a market leader and remain dedicated to providing high-quality healthcare while maintaining fiscal responsibility.”
As NCH celebrates this milestone, it reaffirms its commitment to excellence, innovation, and the well-being of the community and patients it serves. The A3 rating serves as a beacon of confidence in NCH’s financial strength, strategic vision, and unwavering dedication to providing outstanding healthcare services.
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