March 13, 2012 11:09:44 am
Moody’s: Proposed 2013 Budget Negative For Nonprofit Hospitals
According to a new credit outlook by Moody’s Investor Service, the proposed 2013 budget would cause hospitals to require new sources of revenue and create additional credit rating stress. The proposed budget includes more than $360 billion in cuts to Medicare, Medicaid, and other health programs over the next 10 years.
The proposed budget cuts exacerbate the outlook for nonprofit hospitals, which have experienced negative credit trends since 2008.
For more on Moody’s credit outlook, please see the Healthcare Financial Management Association.
Tags: Nonprofit, Healthcare
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