Hospital Downgrades Accelerate in Q3
But any positive news comes with a caveat: Pressure on hospital financials, and thus downgrades, will likely continue through the end of the year and well into next as already lean healthcare providers are finding it increasingly difficult to cut additional expenses. Moody's Associate Analyst Nyisha Hohn indicated.
"Many providers have already made changes to their expense structures and must now extract efficiencies from fundamental operations to maintain current levels of financial performance," she said. "Hospitals still face volume declines, anemic economic recovery, and a tougher revenue environment exemplified by the reduction in Medicare inpatient rates that began on Oct. 1."
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