Indianapolis hospitals have experienced "epic" investment losses, totaling millions of dollars, according to a report by the Indianapolis Business Journal.
Although revenue of Indianapolis-area hospitals has stayed healthy, the significant losses in capital have forced hospitals to preserve cash in order to maintain their debt ratings, according to the report.
Clarian Health, which is based in Indianapolis, lost $633 million on its investments and interest-rate swaps last year, and Community Health Network's investment portfolio reportedly lost one-third of its value.
Hospital leaders worry that hospital revenue could be the next to be affected as unemployment continues to rise in the Indianapolis area.
Read the Indianapolis Business Journal's report on the hospital investment losses.