Ratings agency Standard & Poor’s recognized the hospital’s improvement earlier this year with an upgrade of its outlook to stable from negative. The change reflects increasing inpatient admissions and surgeries even in the face of a new physician-owned hospital opening in the area, according to the story.
The hospital has seen declines in outpatient volumes but has still managed to recruit physicians and add capacity through service-line enhancements. The 2008 loss reflected declines in investment value, but operating income has remained steady, hospital officials said in the report.
Read the Business First of Louisville report on Floyd Memorial Hospital & Health Services.
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