S&P Global Assigns Ochsner Health System an ‘A’ Credit Rating, ‘Very Strong’ Enterprise Profile
NEW ORLEANS – S&P Global Ratings assigned its ‘A’ issuer credit rating with a stable outlook to Ochsner Clinic Foundation d/b/a Ochsner Health System (Ochsner). S&P Global Ratings issued a report on Tuesday, April 30 that reflected confidence in Ochsner’s finances, growth and leadership. Details were shared in a press release.
The report stated “the rating reflects our view of Ochsner’s growing statewide presence, integrated delivery system and forward-looking management team that has demonstrated capabilities of managing risk and incorporating clinical data and technology into its care delivery system. Ochsner's culture of innovation has allowed it to orient its system toward value-based payments while improving its operating model and its delivery of care.”
S&P Global Ratings report highlighted Ochsner’s:
- Growing regional and statewide presence – Ochsner’s innovative partnerships across the state and Gulf South have generated revenue diversity and referrals, in addition to providing needed support and efficiencies to partner facilities.
- Improved financial performance – Ochsner’s overall financial performance has seen continued improvement due to closely monitored operating expenses, increased revenue, continued growth and success in value-based payments.
- Broadly improving volume trends – Ochsner’s flagship facility experienced high occupancy across key clinical services.
- Experienced management team – Ochsner’s leadership has good depth and breadth of experience and qualifications with a focus on both strategic growth and clinical care strategies to reorient itself as the industry shifts to value-based payments.
“Our ‘A’ rating from S&P recognizes the incredible efforts of our physicians, leaders and employees to take care of more patients from across our region,” said Warner Thomas, President and CEO, Ochsner Health System. “Our team’s dedication has positioned our organization for growth, and through collaborative partnerships, we are able to bring specialty care and innovative digital medicine programs to healthcare facilities across the state. We are excited that our strategic approach and talented team have been recognized by S&P, so we can continue to address some of healthcare’s biggest challenges and improve the health and wellbeing of our communities.”