NHRMC

AcronymDefinition
NHRMCNew Hanover Regional Medical Center (Wilmington, NC)
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NHRMC is in the midst of a construction project and is at risk of cost overruns and construction delays, in addition to patient-flow disruption, which could hinder patient volumes.
NHRMC has 769 licensed beds and includes a regional tertiary care hospital and a general acute care hospital.
Fitch expects NHRMC to maintain its current level of operating profitability and believes that NHRMC's fiscal 2006 budgeted operating margin of 3.
Located in Wilmington, NC, NHRMC had total operating revenue of $580 million in fiscal 2005.
01 should allow NHRMC to control IT costs by maintaining current help desk staff levels.
Fitch's affirmation and stable outlook reflect NHRMC's improving profitability, which will allow NHRMC to maintain solid debt service coverage in the future.
The implementation of IntelliCare products was more efficient and smoother than my staff had thought possible," said Tonda Verdejo, vice president - Acute Services NHRMC.