The report also found non-profits hospitals have a median revenue growth rate of 4 percent, the lowest Moody’s has seen in two decades, according to the report.
The decreased growth is attributed to declining admissions due in part to Americans delaying elective surgeries as well as cuts to Medicaid payments in many states. Medicare is also phasing in cuts agreed to by hospitals as part of the Affordable Care Act and further cuts could be possible under the debt ceiling deal.
Read the Wall Street Journal report on non-profit hospitals.
Related Articles on Non-Profit Hospitals:
Moody’s: Medicaid Putting Hospital Credit Ratings at Risk
Hospital Credit Downgrades Outpace Upgrades 4:1, Moody’s Report Shows
Moody’s: Non-Profit Hospital Revenue Growth at Lowest in Decade
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