Moody's: Higher Expenses, Low Volumes Dampened Hospitals' 2012 Finances
Although nonprofit hospitals continued to have strong balance sheets in fiscal year 2012, many financial performance indicators were weak compared with the three years prior, according to a report from Moody's Investors Service.
In 2012, Moody's found that expenses grew faster than revenue across its portfolio of more than 400 hospitals — the first time that has occurred since FY 2008, when the nation began to enter the recession. Overall, median operating revenue growth dropped from 5.4 percent in 2011 to 5.2 percent in 2012. Net patient revenue growth dropped to 4.7 percent, more than a half-percent lower from 2011.
Read the full article on Becker's Hospital Review.
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
- National Patient Safety Foundation updates Online Patient Safety Curriculum: 6 points
- Kentucky Gov. Matt Bevin wants to transform state's Medicaid program: 7 things to know
- Cloud technology equips the healthcare industry in digital-focused world — 5 observations
- Dr. Wa Xian receives AGA funding for IBD stem cell research: 4 notes
- Vitality Biopharma announces new patent filing for IBD pain relief: 4 notes