Nonprofit hospitals' financial woes detailed in report by Moody's
Published on August 28, 2014 at 7:44 AM
Income for these hospitals declines as the government and insurers change the way they pay them.
The New York Times: Nonprofit Hospitals' 2013 Revenue Lowest Since Recession, Report Says
Nonprofit hospitals last year had their worst financial performance since the Great Recession, according to a report released on Wednesday. The poor operating performance of many hospitals underscored some of the changes in the health care system as the federal government and private health plans became less willing to pay for hospital care and changed the way they paid hospitals in an effort to reduce costs (Abelson, 8/27).
The Wall Street Journal: Nonprofit Hospitals' Earnings Fall As Costs Outrun Revenue
Nonprofit hospitals' income declined for a second straight year in 2013 and their median rate of revenue growth fell to an all-time low, Moody's Investors Service said, a trend the credit rater's analysts say likely will continue this year. The nonprofit hospitals' performance contrasts with the rising profits and patient volumes reported by publicly traded hospital operators in recent weeks (Weaver, 8/27).
This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.