Published on: 07/08/2019
Nicklaus Children's Health System (NCHS) has once again received an A+ bond rating from Fitch Ratings credit rating agency. The health system, which includes a 309-bed freestanding children's hospital and a growing network of pediatric outpatient centers, was also recognized by the agency as having a stable fiscal outlook for the future.
“This affirmed positive rating reflects our organization’s ability to adapt within a changing national environment of reduced healthcare reimbursements,” said Matthew A. Love, Interim President and CEO of Nicklaus Children’s Health System. “Maintaining a strong financial position in the marketplace enables us to further our longstanding mission to increase access to quality care for children in our community and beyond,” he said.
Nicklaus Children's Health System is evaluated annually by both Fitch, and Standard & Poor’s rating agencies. The health system has received an A+ rating from both agencies since 2015. (The 2019 Standard & Poor’s review has yet to take place.)
In 2019, the health system established a health plan – Miami Children’s Health Plan – that is enhancing health system revenue. In addition, the health system opened a new birthing unit in June for healthy mothers expecting a high-risk baby. The unit is part of the hospital’s Fetal Care Center, which offers care and support for families expecting a high-risk baby, who will need medical intervention at birth. The center is one of the few facilities of its kind in the nation.
These service expansions exemplify NCHS's commitment to meeting the care needs of children throughout the region. For more information about Nicklaus Children's Health System and its flagship, Nicklaus Children's Hospital, please visit www.nicklauschildrens.org.