Home | Business News | Browse by Publication | M | Modern Healthcare

Not-for-profits prosper; Moody's annual review shows more upgrades, profit.

Publication: Modern Healthcare
Publication Date: 07-AUG-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Cinda Becker

How good a year was 2005 for not-for-profit hospitals? Market conditions were so favorable to the sector that any hospital that performed poorly financially should probably do some serious soul-searching about the future.

Not-for-profit hospitals across the board achieved their best year ever with the highest level of profitability and liquidity since 2001, according to Moody's Investors Service, which planned to release its annual median report this week. The median operating margin for the 395 organizations that submitted their audited financial statements for fiscal 2005 was 2.8%, up from 2% in fiscal 2004. In 2005, 82% of providers reported operating profits, compared with 79% in 2004 and 48% in...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Modern Healthcare
R. Umbdenstock.(Brief article), August 07, 2006
Leape: Safety pioneer., August 07, 2006
More scrutiny ahead.(Brief article), August 07, 2006
Celebrating an industry's energy; Thinking about the past, looking tow..., August 07, 2006
Not-for-profits' outlook.(D)(Brief article), August 07, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.