CFOs are continuing to address company technology needs, while balancing those needs against tightening budgets, talent issues, and the financial systems that have been impacted by recent events.
Maryland hospitals largely escaped the financial crisis that struck providers nationwide in the wake of the COVID-19 pandemic, when elective procedures were canceled and routine care was postponed. That’s thanks, in part, to a unique system for regulating hospital revenue.
Now, a third of Mississippi’s rural hospitals are at risk of closure, and half of those within a couple of years. It’s a situation poised to worsen health outcomes in a state with already some of the worst in the country.
Fitch sees sustainable, secular ASC tailwinds bolstering Tenet's volume growth and margin trends over the rating horizon, especially with their influence on EBITDA likely rising with potential further hospital divestitures and as ASC growth accelerates with the maturation of over $2.5 billion of ASC assets acquired from Surgical Care Development ("SCD") in 2020-21 (and center-level equity buy-ups ongoing).
Health equity gaps persist across Indianapolis, where life expectancy in different zip codes can vary by as much as 16 years, despite numerous Eskenazi Health initiatives over the years that go beyond the clinic walls.