Small Hospitals Demonstrate Financial Strength Jan 99

  • ID: 2083080
  • January 1999
  • Standard & Poors
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  • Alabama
  • Brattleboro Mem Hosp
  • Huron Regl Med Ctr
  • Kansas
  • Michigan
  • Monadnock Comnty Hosp
  • MORE

Selected small hospitals continue to demonstrate investment-grade characteristics, with most maintaining market share and profitability despite the increasingly competitive health care environment. Small hospitals display generally stronger financial ratios than comparably rated hospitals in the overall health care pool, with higher liquidity, lower leverage, and greater profitability. Smaller hospitals need greater financial resources to reach investment grade to offset several risks inherent in their small business base, including: A small population base from which to draw patients, Typically rural service areas with limited economic diversification, Reliance on a small medical staff, Out-migration to larger hospitals, A narrower range of services than larger facilities, and Volatility in admissions and outpatient procedures volumes. As a result of these limitations, ratings for small...

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- Wichita
- Flagstaff
- Phoenix
- Jonesboro
- Minnesota
- Michigan
- Kentucky
- St. Paul
- Alabama
- Arizona
- Kansas
- Prairie Lakes Hlth Care Sys
- Huron Regl Med Ctr
- Ryder Mem Hosp
- Brattleboro Mem Hosp
- Russell Hospital Corporation
- Monadnock Comnty Hosp
- Montrose Mem Hosp
- Russell Corp.
- Summit Healthcare Regl Med Ctr

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