1. The following statistics represent the percentage of hospitals reporting decreased access to various types of capital, as of Dec. 2008:
- Tax-exempt bonds — 12 percent of hospitals reported no access; 45 percent reported significantly more difficulty accessing these bonds; 31 percent reported somewhat more difficulty.
- Banks/financial service companies — 3 percent of hospitals reported no access; 30 percent reported significantly more difficulty accessing; 44 percent reported somewhat more difficulty.
- Philanthropy —1 percent of hospitals reported no access; 41 percent reported significantly more difficulty accessing; 49 percent somewhat more difficulty
- Taxable bonds — 22 percent of hospitals reported no access; 34 percent reported significantly more difficulty accessing; 26 percent reported somewhat more difficulty
- Equity/venture capital —18 percent of hospitals reported no access; 32 percent reported significantly more difficulty accessing; 34 percent somewhat more difficulty
2. The following statistics represent the percentage of hospitals reporting changes in access to capital from Dec. 2008-Mar. 2009:
- 51 percent of hospitals reported about the same access to capital.
- 45 percent of hospitals reported worsening access to capital.
- 3 percent of hospitals reported seeing improvement.
3. In response to the recent economic downturn, hospitals reported reducing capital spending in the following ways:
- 77 percent of hospitals reported overall reduced capital spending.
- 54 percent reported deciding not to move forward with planned projects not yet started.
- 46 percent of hospitals reported scaling back projects planned or already in progress.
- 14 percent of hospitals reported stopping projects that were already in process.
Source: AHA’s The Economic Crisis: The Toll on the Patients and Communities Hospitals Serve, April 2009.
Download a copy of The Economic Crisis report.
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