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GPHealth receives S&P Global Ratings

Tuesday, June 5, 2018

Hospital news

FOR IMMEDIATE RELEASE
June 5, 2018
CONTACT: Jaeli Flanders, Great Plains Health marketing intern
flandersj@gphealth.org Office: 308.568.7531

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S&P Global Ratings published for Great Plains Health

NORTH PLATTE, NEB. –Standard & Poor’s (S&P) Global Ratings recently affirmed Great Plains Health’s long term rating of A-. The ratings come after a review of Great Plains Health’s financial performance and analysis of future performance. S&P indicated that the future outlook for Great Plains Health is stable.

The S&P 2018 Global Ratings report that Great Plains Health management is anticipated to continue effectively execute its strategy to transform Great Plains Health into a stronger regional referral center, while continuing to implement revenue cycle initiatives and cost improvement strategies to improve operating performance. The report recognizes Great Plains Health for financial flexibility and solid liquidity characterized by growing unrestricted reserves.

“The S&P report is a great measure of how we’re doing financially,” said Tim Legel, Great Plains Health chief financial officer. “Our goal is to be an ‘A’ rated hospital, however, given the current healthcare environment in which many other healthcare institutions are receiving S&P rating downgrades or negative outlooks, we are pleased with Great Plains Health’s S&P Rating and Outlook.” Great Plains Health is in a unique position for an independently-owned hospital its size.

Legel notes that the rating is particularly positive given the large investments Great Plains Health has made in new technology, upgrading its electronic medical record system and a new patient tower in recent years. He attributes the rating results to a healthy local economy, forward-thinking management and a healthcare team dedicated to providing excellent care as well as good financial decisions.

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About Great Plains Health

Based in North Platte, Nebraska, Great Plains Health is a fully accredited, 116-bed acute-care regional medical center serving western and central Nebraska, northern Kansas and southern South Dakota. With 90 physicians representing nearly 30 medical specialties, the Great Plains Health system offers advanced healthcare including heart and vascular, cancer and orthopedic surgery services. The system employs approximately 1,087 employees and serves a geographic area spanning approximately 67,832 square miles in 38 counties.

The hospital is accredited by the Joint Commission and is home to an American College of Surgeons accredited cancer center, primary stroke center and level II bariatric surgery program. For more information, visit gphealth.org.

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