Same problem the doctors are having...getting the someone to pay the bill...BD
The nations hospitals, which have enjoyed steady and even improving finances in recent years, could see some rough times ahead, according to a new report.
New York-based Moody Investors Service, which provides financial ratings and evaluates debt of the nations nonprofit hospitals, said its stable outlook for 2008 will be less certain in 2009 and 2010 should the economy take a turn for the worse.More hospitals are turning to mergers and acquisitions as a way to gain economies of scale and clout with health insurance companies who pay for hospital medical services in the face of increasing numbers of uninsured patients who cannot pay their medical bills. In addition, hospitals are looking at mergers and other strategic initiatives as a way to raise cash to expand and upgrade facilities.
Hospital industry may hit rough patch, Moody's warns -- chicagotribune.com
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