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New accounting standards on how hospitals report bad debt expense will improve hospital balance sheets and the comparability of some…
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New accounting standards on how hospitals report bad debt expense will improve hospital balance sheets and the comparability of some financial metrics, according to a report from Fitch Ratings (pdf).
The University of Pittsburgh Medical Center has become a target for Allegheny County officials, as county leaders are looking to bring in additional revenue from property taxes and plan to re-examine the tax-exempt statuses of UPMC and other non-profits, according…
Saint Catherine Regional Hospital in Charlestown, Ind., filed for Chapter 11 bankruptcy last week — the second hospital in its county to declare bankruptcy and the sister hospital of another bankrupt facility in Pennsylvania, according to a News and Tribune…
Here are 20 issues dealing with Medicare or Medicaid that occurred in the past two weeks, starting with the most recent.
Memorial Hospital in Towanda, Pa., and the Towanda Borough Council have approved a written agreement that would result in the possible sale of two borough-owned parcels of land to the hospital, according to a Daily Review report.
The following is reprinted with permission from HFA Partners.Moody’s Investor Service announced yesterday it downgraded the credit ratings of 15 global lenders including Bank of America, Deutsche Bank and JPMorgan Chase. Read on to find out how hospitals with swaps…
Ann Arbor-based University of Michigan Hospitals and Health Centers invested heavily in capital projects this year, but the health system expects to post an operating loss of 0.5 percent on $2.2 billion of revenue for fiscal year 2012 — better…
Fitch Ratings recently affirmed the B+ rating on West Penn Allegheny Health System's $737 million of revenue bonds, and analysts went one step further by upgrading the health system's outlook to stable from evolving.
The per capita costs of hospital and healthcare services covered by Medicare and commercial insurers continues to rise, as they increased 6.14 percent year-over-year ending April 2012, according to the Standard & Poor's Healthcare Economic Indices (pdf).
The cumulative profit margin across all St. Louis-based hospitals in 2010 hit 7.6 percent — the second-highest figure in the past 15 years, according to a report from the St. Louis Area Business Health Coalition (pdf).