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Posts Tagged ‘Standard and Poor’s’

Poudre Valley Health System got more good news on the bond-rating front last week (stories in the Northern Colorado Business Report and the Fort Collins Coloradoan) when Moody’s Investors Service upgraded PVHS ratings based on the system’s consistently strong financial performance.

It’s the second bond upgrade in the last few weeks for PVHS and the third year in a row Moody’s has upgraded PVHS’ bond rating. This time, Moody’s upgraded $340 million in bonds from A3 to A2 and $30 million in bonds from Baa1 to A3.

The upgrades reflect PVHS’ commitment to quality, and is a tribute to our employees, physicians and volunteers who have emphasized quality while minimizing expenses.

Rulon

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As you know, the vision of Poudre Valley Health System is to provide world-class health care. Every objective review indicates that PVHS has been as successful in doing that as any healthcare organization in the country. Kudos to the physicians, employees and volunteers at PVHS who have very seriously distinguished themselves.

The trick, of course, is to offer the highest quality healthcare in the country while maintaining the organization’s financial viability.  To that end, today we will announce in a press release that Standard and Poor’s, one of the nation’s leading bond rating agencies, has upgraded the PVHS bond rating (you’ll need to register for a free S&P account to read their release) for the second consecutive year.  Holy cow! That is absolutely stunning.  That means that PVHS has now received a bond rating upgrade from Moody’s (the other major national bond rating agency) in 2008, from Moody’s and Standard and Poor’s in 2009 and from Standard and Poor’s in 2010.  That’s three consecutive years of bond rating upgrades. I would love it if anyone could find any other healthcare organization in the country with such a recent track record.

The A rating from S&P leaves PVHS with its highest bond rating ever.  The moral of this story?  If you do the right thing by focusing on quality first and giving physicians the choice to make their best clinical decisions, then the organization will excel financially! We are living proof!

Congratulations to the PVHS team! You really are world-class!

Rulon

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