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."
Healthcare Philanthropy Fell 11% in 2009
- Federal Appeals Court Mulls Observation Status
- How One Health System Saved $3.5M in Benefits Costs
- How the Military's EHR Reboot Will Impact Interoperability
- HCA to Acquire CareNow Urgent Care Centers
- BCBS Tries New Drug Contracting Model
- 'Leadership Gap' Threatens MU Momentum, Says AMA
- Abington Health, Jefferson Health Plan '100% Equal' Merger
- Dental Board Case Before SCOTUS Has Far-Reaching Implications
- Ballot Initiative Pits Providers Against Payers in SD
- The Case for Recycling Surgical Supplies