Two recent reports from Standard & Poor found that non-profit hospitals and health systems improved financially in fiscal year 2009 compared to 2008, according to a report by the Healthcare Financial Management Association.
Non-profit standalone hospitals improved most dramatically, turning around three years of declines and are now back at 2006 levels. The report, titled "U.S. Not-for-Profit Stand-Alone Hospital Sector Performance Shows Gradual Improvement," cited hospitals' efforts in process improvement and reducing costs as key to the turnaround, according to the report.
A separate report on non-profit systems, titled "U.S. Not-for-Profit Health Care System Fiscal 2009 Ratios Show Moderate Improvement," suggests "modest improvement" for these entities due to improvement in expense and revenue cycle management, according to the report.
Read the HFMA report on non-profit hospitals.
Read more coverage on non-profit hospitals:
- Moody's Requiring More Data on Liquidity of Not-For-Profit Hospitals, Systems
- White House Budget Would Give Non-Profit Hospitals Access to Subsidized Bonds
Non-profit standalone hospitals improved most dramatically, turning around three years of declines and are now back at 2006 levels. The report, titled "U.S. Not-for-Profit Stand-Alone Hospital Sector Performance Shows Gradual Improvement," cited hospitals' efforts in process improvement and reducing costs as key to the turnaround, according to the report.
A separate report on non-profit systems, titled "U.S. Not-for-Profit Health Care System Fiscal 2009 Ratios Show Moderate Improvement," suggests "modest improvement" for these entities due to improvement in expense and revenue cycle management, according to the report.
Read the HFMA report on non-profit hospitals.
Read more coverage on non-profit hospitals:
- Moody's Requiring More Data on Liquidity of Not-For-Profit Hospitals, Systems
- White House Budget Would Give Non-Profit Hospitals Access to Subsidized Bonds