Although non-profit hospitals showed improvements in all major ratios and all rating categories in fiscal year 2009, compared to fiscal year 2008, margins and liquidity for the hospitals remained below peak 2005 levels, according to the HFMA report.
Despite these improvements, Moody’s gave the hospitals a negative outlook citing the likely inability to maintain cost cutting efforts and a “sluggish economic recovery, growing levels of uncompensated care and flat volume trends,” according to a Bloomberg Businessweek report.
Read more about the outlook for non-profit hospitals:
– Moody’s Says FY 2011 Medicare Cuts Will Hurt Non-Profit Hospitals
– S&P Reports Find Non-Profit Hospitals’ Finances Improved in 2009
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
