Here are four things to know about the report.
1. Fifty-three percent of hospitals believe capital spending will increase in the next five years, compared to 45 percent in 2012.
2. The percentage of hospitals that anticipate issuing new bonds over the next two years decreased from 39 percent in 2012 to 29 percent in 2015.
3. IT remains the highest capital spending priority, but its importance has lowered relative to other priorities. Inpatient capacity continues to be the lowest priority. The priorities are consistent with the results of Fitch’s 2012 survey.
4. Fitch Ratings Director Adam Kates said, “Increased certainty regarding the implementation of the PPACA following the Supreme Court’s upholding of key provisions of the act, stable operating profitability during implementation of key PPACA provisions over the past three years and increasing patient consumerism are contributing to the increased projected capital spending.”
More articles on finance:
Moody’s: Entrance of nonprofit hospitals into health insurance will rise
Moody’s affirms New Hanover Regional Medical Center’s ‘A1’ rating
Fitch affirms Norman Regional Hospital Authority’s ‘BBB-‘ rating
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.