Health & Wellness

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S&P, Moody's Give Atlantic Health System Highest Health System Rating in NJ

MORRISTOWN, NJ - Atlantic Health System, a leading health care delivery system in New Jersey, is once again the highest-rated New Jersey based system rated by credit agencies Moody’s and S&P.

Moody’s raised its rating for the health care organization from A1 to Aa3, the highest rating among all health care systems in New Jersey, with an outlook of “stable.” The rating upgrade reflects Atlantic Health System’s continued stability of operating performance and financial growth of the balance sheet, as well as its favorable market position and the “wide array” of services it provides.

S&P affirmed its “AA-“ rating for Atlantic Health System due to its strong presence in the region and increased system diversity among its six hospitals and a network of community-based physicians throughout northern and central New Jersey. Along with only one other organization, this is the highest rating given to health systems in NJ by S&P. Atlantic Health System’s outlook with S&P remained stable.

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The ratings actions by both agencies put the system in a favorable position to leverage its credit strength and allows the system to issue or refinance its debt at more favorable interest rates. Atlantic Health System may pay less on interest on its bonds and allow the organization to invest more of its money in patient care initiatives, including technology, skilled staff and infrastructure.

“These ratings further demonstrate the value of developing our connections to the communities we serve through wise growth, investment in innovation and continuously improving care, said Kevin Lenahan, senior vice president and Chief Financial and Administrative Officer for Atlantic Health System. “The rating upgrade puts us on even better footing to fulfill the health care needs of our communities.”

Moody’s also highlighted Atlantic Health System’s ability to reach agreements in many of its host communities on fair-share community contributions in response to municipalities’ review of the tax-exempt status of hospitals and other facilities.

“A key credit strength of the system speaks to management's ability to navigate recent state and local budget challenges quickly and proactively,” Moody’s said in its rating.

S&P highlighted “AHS’ focus is on continued development of population health infrastructure and strategies to drive growth to the organization.” This includes increased integration between owned and independent hospitals, Atlantic Medical Group, community based physicians, and payers.

The credit agencies noted the following among the reasons for Atlantic Health System’s enviable ratings and outlook:

  • -- Atlantic Health System is a large multi-site organization with more than $2.5 billion in revenue and 100,000 total admissions (including observation stays and admissions)
  • -- The strong presence of the system in the region, including the growth of the system. The agencies noted the acquisition of Hackettstown Medical Center in April 2016, as well as Atlantic Health System’s participation in the Mid Jersey Health Alliance with Hunterdon Healthcare System, which coordinates care and offers expanded clinical services in Hunterdon, Somerset, Mercer, and Warren counties
  • -- The rapid growth and increased integration of Atlantic Medical Group, which now includes more than 900 community-based physicians and other providers
  • -- Continued growth in operating margins, cash measures and debt leverage measures

S&P noted Atlantic Health System’s significant additions of several key leadership roles covering patient experience, integrated care delivery, and innovations and technology following the addition of President and CEO Brian Gragnolati in 2015. The agency also highlighted Gragnolati recently being named chair-elect designate of the American Hospital Association. He will assume the board chairmanship in 2019.

Among other successes reported to the credit agencies has been the performance of the two accountable care organizations (ACOs) affiliated with Atlantic Health System – Atlantic ACO and Optimus Healthcare Partners. Both ACOs produced shared savings for Medicare.

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Sparta

Sparta Police Nab Two on Outstanding Warrants

September 22, 2017

SPARTA, NJ – Sparta Police picked up two people on outstanding warrants in two separate traffic stops on September 20.  Around 9 a.m. Sparta Police Officer Steven Guido stopped a car because the driver was not wearing his seatbelt, police report.

Camden resident Esteban Velez, 27, was found to have motor vehicle warrants from three towns, Camden, Pennsauken and Woodlynne totaling ...

Sparta Police: Two Arrested with 55 Packets of 'Death Wish' Heroin

SPARTA, NJ – A traffic stop on Route 15 yielded drug a large cache of heroin and two drug arrests.  On September 18 at 1 p.m. Sparta Police Officers Thomas Snyder and Chris Favaor were patrolling Route 15 when Snyder saw a car with an expired inspection sticker, police report.

They stopped the car and when Snyder spoke with the passenger, Fabian Rodriguez, 43, the officer saw two ...

Sparta Police Department Gets Special Visitors

SPARTA, NJ – The Sparta Police Department had special visitors on Monday morning.  A group of people from SCARC came for a tour of police headquarters.  Sparta Police Officer Dave Pridam and Officer Thomas Snyder conducted the tour for the visitors from SCARC, a local organization that provides care for people with developmental disabilities.

The group gathered in the lobby and ...

Obituaries

- Jun 2, 2017
Jillian Mari Baluyot, 17, of Nutley, passed away on June 2, 2017. Born in Secaucus, she lived in ...
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- Feb 21, 2017
Marisa Rincon (30) passed away in Randolph on February 21,2017. She was born is West Chester, PA ...
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Legislative District 24 Deserves Better

September 22, 2017

Parker Space not only made his remarks in a public park during a public event, but also, he was quite clear that it could be "put on the record". Now that it has, it's time for our assemblyman to take accountability. After all, isn’t that what we look for when watching our elected officials?

Blaming democrats for his own words is just more proof this assemblyman is unfit ...

Upcoming Events

Sun, September 24, 7:00 AM

Hopatcong State Park, Landing

Fifth Annual “LHF Lake Loop” Set For September ...

Giving Back Health & Wellness Sports

Sun, September 24, 1:00 PM

Van Kirk Homestead Museum, Sparta

Princess White Deer: A Woman, a Mohawk, and a ...

Education

Fri, September 29, 12:00 PM

Newton Medical Center, Romano Conference and Education Center, Room 100, Newton

Alzheimer’s New Jersey’s Newton Support Group

Education Health & Wellness

Fri, September 29, 12:00 PM

Newton Medical Center, Romano Conference and Education Center, Room 100, Newton

Alzheimer’s New Jersey’s Newton Support Group

Health & Wellness

Sat, September 30, 10:00 AM

Newton Medical Center, Romano Conference and Education Center, Room 100, Newton

Alzheimer’s New Jersey’s Newton Support Group

Education Health & Wellness

Annual Taste of Newton Event Brings Hundreds to Spring Street

September 19, 2017

NEWTON, NJ—Over 300 people filled Spring Street on Monday night to indulge in food and drink creations from local restaurants.

The event, which ran from 6:30 p.m. until 9:30 p.m., included 21 different restaurants who shared some of their local dishes and drinks with the event goers.

The restaurants who participated included:

Andre’s Lakeside Dining
Applebee’s ...

Holmdel Mourns Tragic Death of High School Junior Who Collapsed During Lacrosse Game

September 20, 2017

HOLMDEL, N.J. - A Go Fund Me site was launched Monday by the Holmdel Lacrosse Team to support the family of their friend, classmate and teammate Jack Dowd, who tragically passed away after collapsing at a lacrosse game at Rutgers University. You can find it and assist the family by clicking here:

https://www.gofundme.com/jack-dowd-fundraiser

On Sunday, September ...

4 Outstanding Oktoberfest Celebrations in Northern New Jersey

Drink, eat and be merry at any or all of these 4 Northern New Jersey Oktoberfests (lederhosen optional.)  Team Nest Builder says, “Prost!”  (“Cheers!”)

The 19th Annual Chester Lions Club Oktoberfest and Antique Car Show, Chester

September 23rd-24th

The Chester Lions Club hosts its 19th annual Oktoberfest charity fundraiser from noon to 8 PM at Chubb ...

Sodium/salt intake associated with increased risk of diabetes – (Yes, salt…)

Research results presented last week at the annual conference of the European Association for the Study of Diabetes showed an association between salt intake and the risk of developing type II diabetes. Study participants that consumed the highest salt intake, about 1.25 teaspoons (2800 mg of sodium) a day, were 72% more likely to develop diabetes than those with the lowest intake. In general, a ...

The September 13, 2017 Sussex County Board of Chosen Freeholders meeting

NEWTON, NJ - The September 13, 2017 Sussex County Board of Chosen Freeholders meeting.

 

Become a Host Family for a Junior King

September 23, 2017







































Become a Host Family for a Junior King!  

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