Project management and process improvement are more important than ever at BVHS to IS analysts and staff," says Elchert.
BVHS, for example, introduced a patient interactive system into its hospice unit.
Other than a direct placement of up to $10 million in 2012, BVHS has no debt plans.
BVHS does have a variable-to-fixed rate swap with a negative mark-to-market of $32.
Fitch expects that BVHS will retain a committed and growing medical staff, and maintain a favorable relationship with its key payors to mitigate these risks.
The Stable Outlook is supported by Fitch's expectation that BVHS will continue generating cash flow and coverage metrics in line with Fitch's 'A' category median rates.
Total operating revenue for BVHS
in fiscal 2009 was $237 million.
The Stable Rating Outlook reflects Fitch's expectation that BVHS will maintain strong liquidity indicators and operating performance in line with Fitch's 'A' rated medians.
BVHS is the corporate parent of an integrated health care delivery system consisting of Blanchard Valley Regional Health Center (BVRHC), operating two acute care hospitals with total of 175 beds in service in Findlay, and Bluffton, OH; Blanchard Valley Continuing Care Services; Blanchard Valley Medical Practices, LLP and Blanchard Valley Health Foundation (BVHF).
BVHS covenants to disclose annual and quarterly results, including both financial and operating data to the Municipal Securities Rulemaking Board (MSRB) via the Electronic Municipal Market Access (EMMA).