Cone Remains 'Confident' In The Future Despite S&P Report

It’s been a tough year for Cone Health.

The health care provider spent $90 million implementing an electrical medical records software system called Epic.

It eliminated hundreds of jobs.

It had to deal with Medicare and Medicaid reimbursement at the state and national level.

Those struggles have found their way into the hospital’s bond ratings from Standard & Poor’s Ratings Services.

The credit-rating agency changed its outlook for Moses Cone Memorial Hospital to negative from stable. It also affirmed its AA rating on N.C. Medical Care Commission’s fixed-rate series for bonds that were issued.