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Survey: 70% of Hospital Executives Say 4Q Finances Better Than Expected
Roughly 70 percent of hospital executives reported their organization's financial results in the fourth quarter of 2011 were better than expected, but this upcoming year still causes concern, according to a survey from ITG Market Research.ITG surveyed executives from 100 hospital and health systems this past December, and 85 percent of respondents said they are very concerned about the impact of reduced reimbursement rates and how it will affect their system's financial performance in 2012.
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Forty-eight percent of surveyed executives also said they expect business conditions in the U.S. hospital industry to deteriorate over the coming year, while 5 percent thought business conditions will improve.
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