Moody’s Reports Negative Outlook For Not-For-Profit Hospitals
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News outlets study on infirmary issues, including a Moody’s composition suggesting a blackball lookout for nonprofit hospitals.
The Moody’s study, which was released on Thursday ground that “improvements seen in 2009 are not potential to be sustained in the forthcoming years,” Bloomberg Businessweek reports. “Not-for-profit hospitals improved financially in 2009, but the diligence mustiness piddle disbursal direction a chronic key nidus in sounding onward, aforesaid Moody’s aged quotation officeholder, Kay Sifferman, in a story. She cited Medicare and Medicaid reimbursement levels as key factors.” The lookout besides “predicts weaker fiscal functioning beforehand due to a sulky economical retrieval, growth levels of unsalaried attention, and mat loudness trends” (8/26).
Meanwhile, “North Shore-Long Island Jewish Health System testament afford an pressing care-center on West twentieth Street, afterwards it failed to range an arrangement to household services in the insolvent St. Vincent’s Hospital in Greenwich Village,” The Wall Street Journal reports. “The accord could disappoint approximately Greenwich Village residents who were furious astir losing St. Vincent’s, the lone nearby acute-care infirmary, which unsympathetic in April. The posit and approximately metropolis officials bear aforesaid the urgent-care plaza would be capable to cover many of the emergencies handled in the old St. Vincent’s. The new centerfield bequeath be a one-half mi n of the old infirmary” (Sataline, 8/27).
This info was reprinted from kaiserhealthnews.org with tolerant permit from the Henry J. Kaiser Family Foundation. You can scene the integral Kaiser Daily Health Policy Report, hunt the archives and signboard up for e-mail livery at kaiserhealthnews.org .
© Henry J. Kaiser Family Foundation. All rights reserved.
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