TITLE

S&P Revises Outlook on N.J.'s St. Barnabas

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/13/2003, Vol. 344 Issue 31656, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Standard & Poor's Corp. has changed its outlook from positive to negative on bonds issued for New Jersey's largest health care provider, because of an unexpected 10 percent reduction in revenues. The St. Barnabas Health Care System lost 140 million dollars in 2002 in revenue and is expected to lose an estimated 100 million dollars in 2003 because of federal government changes in calculating so-called outlier payments from Medicare. Medicare pays hospitals based on diagnosis, not on cost. But in some case, Medicare makes payments for cases that are more expensive or complicated than expected. The Centers for Medicare and Medicaid Services, the federal agency responsible for overseeing the programs, is scrutinizing the way hospitals calculate reimbursements for outlier cases. Two of the system's nine hospitals, Community Hospital in Toms River and Community Hospital in Lakewood, are the highest outlier recipients in the country.
ACCESSION #
10112147

 

Related Articles

  • San Marcos Upgrade. Cohen, Jackie // Bond Buyer;1/13/2006, Vol. 355 Issue 32298, p31 

    The article reports on the upgrade of the rating assigned on the bonds issued by the San Marcos, California Public Facilities Authority by Standard & Poor's Corp. Factors that contributed to the rating agency's move to revise the rating include the growth of the region's tax revenues and the...

  • CALIFORNIA: S&P Reinstates Cerritos' Rating. Saskal, Rich // Bond Buyer;7/6/2007, Vol. 361 Issue 32665, p9 

    The article reports on the move of Standard & Poor's Corp. to reinstate its ratings for two series of Cerritos Public Financing Authority bonds in California. The ratings are A-minus for the $93.66 million 2002A bonds and a BBB rating for its $18.33 million 2002B subordinate-lien tax allocation...

  • S&P Places Highway & Transportation Authority on Negative Watch. Serrano, Mariella Perez // Caribbean Business;9/1/2005, Vol. 33 Issue 34, p24 

    Reports on the negative rating given by Standard and Poor's Corp. credit rating agency to the Puerto Rico Highway and Transportation Authority for various outstanding bonds of the agency with negative implications due to the Commonwealth of Puerto Rico's erosion in credit quality. Potential for...

  • SOUTH DAKOTA: Huron Medical Gets a Lift. Devitt, Caitlin // Bond Buyer;3/26/2008, Vol. 363 Issue 32843, p9 

    The article reports that the Standard & Poor's Corp. has upgraded its long term rating on $7.9 million of outstanding bonds sold for the Huron Regional Medical Centers Inc. to A-minus from BBB-plus in Huron, South Dakota. It states that the bonds were issued through the South Dakota Health and...

  • California Endowment Debuts With a Natural Triple-A. Saskal, Rich // Bond Buyer;11/7/2003, Vol. 346 Issue 31757, p40 

    Reports on the rating received by the California Endowment from both Standard & Poor's Inc. and Moody's Investors Service in the U.S. Negotiation from the general obligation deal; Opportunity to buy a natural triple-A issue; Offer of grant to organizations working to improve health care and...

  • Calif. Health Market Shows Strength; S&P. Saskal, Rich // Bond Buyer;6/3/2004, Vol. 348 Issue 31897, p2 

    Reports on the strengthening credit quality of California's health care sector, according to a Standard & Poor's report entitled "The California Health Care Market: Recent Strength Defies Expectations".

  • S.F. city, county gets improved outlook ...  // Bond Buyer;01/13/99, Vol. 327 Issue 30557, p2 

    Reports that Standard & Poor's affirmed the AA-minus rating on the city and county of San Francisco, California's outstanding general obligation debt.

  • New Jersey Qualified Bond Act Program Lowered to A-Minus by S&P.  // Bondbuyer.com;9/11/2014, p24 

    The article reports on A-minus rating given by Standard & Poor's Rating Services for bonds secured by New Jersey's Qualified Bond Act program which was removed from CreditWatch where they had been placed with negative implications on June 3, 2014.

  • S&P warning fails to shake plans for next Eurobond.  // MEED: Middle East Economic Digest;6/23/2000, Vol. 44 Issue 25, p22 

    Reports on the decision of the Lebanese government to push through with its planned international debt issue despite the United States credit ratings agency Standard & Poor's (S&P) to place the sovereign ratings on negative credit watch. Total debt to be issued at a fixed rate; Joint managers...

  • Downgrade fails to hurt Santa Ana deal. Jacobius, Arleen // Bond Buyer;05/08/98, Vol. 324 Issue 30389, p40 

    Reports that Standard & Poor's downgraded the $8.1 million of refunding bonds the Santa Ana, California Financing Authority sold for the city's redevelopment agency. Slight impact of the downgrade on the bond's performance; Downgrade of one of the three series of bonds sold on May 6, 1998 for...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics