At a time when other nonprofit hospitals across the nation are being downgraded, Community Medical Centers’ new ratings assessment from Standard & Poor's has been upgraded from BBB/Stable to BBB/Positive. This is a long-term rating/outlook on our hospital revenue bonds.
The improved outlook, which could be a significant benefit to Community’s long-term financial leverage, was based on four main factors:
Community Medical Centers provided nearly $152 million in uncompensated services and programs in fiscal year 2012/2013, equivalent to 12% of its total expenses, according to the nonprofit hospital system’s annual community benefits report filed with the State of California.
Community has historically spent more on uncompensated community benefits than all other Fresno-area hospitals combined. And, some years, nearly double the combined total of other area hospitals.
Dr. Gloria Jimenez, hospitalist, chair of medicine and lead physician of the Community Hospitalist Medical Group at Fresno Heart & Surgical Hospital is one of Community Medical Foundation's Ultimate People of 2013.