Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
With the focus on patient volumes and reimbursements, Ubbing says few leaders are addressing the larger question of what healthcare consumers want. "That is going to be a factor in terms of how they want healthcare delivered. And what the consumer wants is going to dictate where the money goes," she says.
Tim Maurice, CFO at UC Davis Health System
Tim Maurice, CFO at UC Davis Health System in Sacramento, CA, acknowledges "a lot of unknowns looking forward, but I feel like we are in a fairly stable position out here."
"Our volumes have not declined as they have in other areas, largely because our market is pretty competitive and pretty well managed," he says. "We operated UC Davis very close to full inpatient capacity so we haven't seen the decline in inpatient volumes that have been experienced in other parts of the country. Because of competition over the years, we are in the situation where we don't have a lot of excess capacity in the market. The market is stable in that regard."
Maurice says UC Davis has enjoyed "a very strong credit rating over the years, and we expect that to remain stable because we've been very skilled at managing our costs and effectively maintaining our commercial market share and managing through the declines in government reimbursement. We know that they are coming."
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