Health system recognized for its stability
February 21, 2022 – North Broward Hospital District’s long-term rating has been raised to “A-“. Additionally, its S&P Global Ratings outlook remains stable for the district that does business as Broward Health.
According to an S&P Global Ratings report published on February 8, 2022, “The higher rating reflects our view of Broward Health’s improved risk management practices, including progress made in addressing key organizational challenges. The Board of Directors and the management team have demonstrated their commitment to improving internal controls, providing the necessary transparency, oversight and accountability that are in line with their peers and industry standards.
“S&P’s assessment confirms the tremendous work of our leadership team and caregivers to provide advanced care while managing our fiduciary responsibilities,” said Alex Fernandez, senior vice president and chief financial officer of Broward Health. “We have guided our community through a global pandemic that has placed unprecedented pressure on our finances, and yet we have emerged stronger.”
The S&P report also recognized Broward Health’s established position in Broward County as an “essential health care provider…The stable outlook reflects our expectation that Broward Health will sustain organizational improvements,” the report notes.
“S&P’s rating and forecast confirms that Broward Health has established exceptional financial stewardship that our community and stakeholders can celebrate,” said Shane Strum, President and CEO of Broward Health. “We are committed to maintaining fiscal responsibility which will generate revenue and ultimately create greater access to high quality care for all those we serve. »
Providing services for over 80 years, Broward Health is a nationally recognized system in South Florida that provides world-class health care to everyone. Broward Health System includes Broward Health Medical Center Statutory Teaching Hospital, Broward Health North, Broward Health Imperial Point, Broward Health Coral Springs, Salah Foundation Children’s Hospital, Broward Health Weston, Broward Health Community Health Services, Broward Health Physician Group, Broward Health Emergency Care, Broward Health International and Broward Health Foundation. For more information, visit BrowardHealth.org.
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