July 8, 2019 – Nicklaus Children’s Health System (NCHS) has once again received an A+ bond rating from Fitch Ratings credit rating agency. The health system, which includes a 309-bed freestanding children’s hospital and a growing network of pediatric outpatient centers, was also recognized by the agency as having a stable fiscal outlook for the future.
“This affirmed positive rating reflects our organization’s ability to adapt within a changing national environment of reduced healthcare reimbursements,” said Matthew A. Love, Interim President and CEO of Nicklaus Children’s Health System. “Maintaining a strong financial position in the marketplace enables us to further our longstanding mission to increase access to quality care for children in our community and beyond,” he said.
Nicklaus Children’s Health System is evaluated annually by both Fitch, and Standard & Poor’s rating agencies. The health system has received an A+ rating from both agencies since 2015. (The 2019 Standard & Poor’s review has yet to take place.)
In 2019, the health system established a health plan – Miami Children’s Health Plan – that is enhancing health system revenue. In addition, the health system opened a new birthing unit in June for healthy mothers expecting a high-risk baby. The unit is part of the hospital’s Fetal Care Center, which offers care and support for families expecting a high-risk baby, who will need medical intervention at birth. The center is one of the few facilities of its kind in the nation.
These service expansions exemplify NCHS’s commitment to meeting the care needs of children throughout the region. For more information about Nicklaus Children’s Health System and its flagship, Nicklaus Children’s Hospital, please visit www.nicklauschildrens.org.
About Nicklaus Children’s Health System
Nicklaus Children’s Health System (NCHS) is the parent organization of Nicklaus Children’s Hospital, South Florida’s only licensed specialty hospital exclusively for children. The 309-bed nonprofit hospital, known as Miami Children’s Hospital from 1983 through 2014, was founded in 1950 by Variety Clubs International and is renowned for excellence in all aspects of pediatric medicine, with many programs routinely ranked among the nation’s best by U.S. News & World Report. The health system also includes Nicklaus Children’s Hospital Foundation, the organization’s 501c3 fundraising arm; a network of nonprofit outpatient centers situated in Miami-Dade, Broward and Palm Beach counties; Pediatric Specialists of America, a nonprofit physician practice subsidiary; a managed care plan, and an ambulatory surgery center, as well as an e-commerce line of children’s wellness and safety products that support the hospital’s mission of serving the region’s pediatric population. NCHS is the region’s only healthcare system exclusively for children.
