Moody’s Affirms ‘A3’ Credit Rating with a stable outlook for Ochsner Health

NEW ORLEANS – Moody’s Investors Service affirmed its A3 credit rating with a stable outlook for Ochsner Clinic Foundation (Ochsner Health) today. Moody’s issued a report on Friday, June 9 that reflected confidence in Ochsner’s finances, stability and leadership.

According to Moody’s report, some of the key factors that led to the favorable outlook included:

• Strong brand recognition and role as large quaternary and tertiary service provider - Ochsner remains the destination for exceptional primary and specialty care across the Gulf South, encouraging continued volume growth.
• Large geographic footprint and leading market position – Ochsner’s footprint and leading position in its Louisiana, Mississippi and Alabama markets provide strong and diverse revenue streams.
• Well-honed clinical model and strong digital platform – Ochsner is well positioned to meet the communities it serves through an extensive clinical network and growing portfolio of digital offerings.
• Extensive financial improvement plans – Led by a strong and disciplined management team, Ochsner’s significant efforts to improve financial performance will support continued progress toward historical levels of operating performance.

“I am extremely proud of the entire Ochsner team for their dedication and commitment to the patients, families and communities we serve,” said Ochsner Health Chief Executive Officer Pete November. “We are a strong organization positioned to lead the way for clinical excellence and innovation in the Gulf South and beyond.”