Fitch Ratings has affirmed its positive outlook on Prime Healthcare Foundation, an Ontario, California-based 501(c)(3) public charity healthcare provider with 45 hospitals in 14 states.
"The affirmation of the 'BBB' and maintenance of the Positive Outlook reflects PHF's very solid liquidity, despite market losses last year, moderate leverage, and Fitch's expectation that PFH's operating performance will recover in the 2023 fiscal year to a positive territory," Fitch wrote in its rating report. "The maintenance of the Positive Outlook is supported by management's report of the 1Q23 trend in both expenses and some volumes that are a contrast to the prior year, which ended with a negative operating EBITDA margin."
Fitch says an upgrade would require evidence that Prime Healthcare Foundation has returned to an operating EBITDA margin of close to or better than 7%, in addition to strong balance sheet ratios and liquidity levels.
"Historically, PHF's weak operating risk was based on the challenges of an unfavorable payor mix, dependence on supplemental payments, and the presence of several of its hospitals in competitive markets, and several of the individual hospitals with operating losses, further exacerbated by acquisitions of undercapitalized facilities," Fitch writes. "However, PHF had disposed two underperforming assets, and the strategy is now less focused on acquiring distressed hospitals, but rather directed at strengthening the system fundamentals through vertical integration of existing assets, supported by investment directed at ambulatory presence."
Kanczel, who has a 3.68 grade point average, plans on attending medical school with aspirations of becoming a surgeon with the ultimate goal of becoming head of surgery.“We’re grateful for Dr. Reddy’s generosity in funding scholarships to these two deserving students as well as other High Desert students here on campus,” said CSUSB President Tomás D. Morales.
Reddy’s foresight is an investment in our future to help students interested in becoming doctors, nurses or other types of healthcare professionals at a time when our region faces shortages in medical care providers.”“These students are our future, and it is imperative that we help foster their interest in medicine,” said Dr. Reddy.
“I came from an impoverished background to become a cardiologist.
Nothing is impossible for these hard working students, and I hope that this scholarship helps them achieve their dreams.”Established in 2006, the Dr. Prem Reddy Academic Excellence Scholarship is awarded to a qualifying student or students in pre-med, nursing, and/or health education programs at Cal State San Bernardino.
During his 25 years of practice in the High Desert, he has committed himself to the service of his patients and performed more than 5,000 cardiac procedures, including coronary angiography and angioplasty, and permanent pacemaker implantations.Reddy also founded Prime Healthcare in 2001, starting with Desert Valley Hospital in Victorville.
Since then, Prime Healthcare has expanded to own and operate 23 hospitals across the nation.
Prem Reddy, MD, FACC, FCCP, Chairman, President and CEO of Prime Healthcare, has once again been named to Modern Healthcare's prestigious list of the "100 Most Influential People in Healthcare" for 2017.
This is the fourth time that Dr. Reddy has been recognized as among the most influential healthcare leaders in the nation.
It is an emerging field of medicine that enables early detection of diseases at the molecular level.
The US personalized medicine market is perceived to be a steadily growing market at a CAGR of 7.5% over the forecast period of 2017-2023, asserts Market Research Future (MRFR) in a detailed research report.
Personalized medicine has entered the mainstream in the treatment of oncology diseases and is changing the way such diseases are identified, treated and classified.
Furthermore, a growing number of companies from outside the health industry are entering the personalized medicine space which is likely to provide an impetus to the growth of the US personalized medicine market.
US Personalized Medicine Market SegmentationThe US personalized medicine market has been segmented based on product, application, and end user.
By product, the US personalized medicine market has been segmented into diagnostic, therapeutics, medical care and nutrition, and wellness and others.
Market HighlightsThe global 3D technology is set to evolve at a CAGR of 15% during the forecast period from 2016 to 2022.
The usage of 3D technology has also expanded from product design, corporate presentation, and personal entertainment.Market Drivers & TrendsThe 3D technology is gaining traction that is motivating the 3D technology market to expand rapidly on a global level.
In the present time, 3D technology is getting installed widely in new generation PC makers for designing and architectural applications.
Thus, the expanding host of applications and beneficiaries is assisting the market to boom in the coming years.3D technology is experiencing a frequent technological implementation as well as updates in process owing to which a rapid transformation in image presentation is taking place, which is enabling the market to experience explosive growth over the years.
These are posing as the significant drivers of the global 3D technology market in the current time and is anticipated to gain more traction and valuation during the assessment period.In addition, technological advances such as head-mounted displays, development of focus tunable displays coupled with amplified demand for improved user experience are yet another promising factors driving the market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2649Segmentation:The segmentation of global 3D technology has been done on product and applications.In terms of product: It includes the 3D camera, 3D glass, 3D printer, 3D scanner, 3D image designing, and 3D display technology.
On the other hand, the 3D scanner eliminates the need for the physical collection of data as it displays every detail of the site.
