The report, based on preliminary data, cited declines in patient volumes, higher levels of uncompensated care, less favorable contracts and reductions in Medicare payments as key drivers of the decline.
The report also cautioned that non-profit hospitals with significant numbers of Medicaid patients could be at risk for credit rating declines, saying “We expect Medicaid funding pressures will significantly stress hospital credit quality for at least the next several years.”
Read the AHA News Now report on non-profit hospital revenue.
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Credit Downgrades Outpace Upgrades 4:1, Moody’s Report Shows
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Moody’s: Rating Volatility in Healthcare At Lowest in 10 Years
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