A descriptive analysis of the 2008 credit crisis on multistate healthcare systems: what impact did it have on their financial performance?
Due to the recent credit crisis and recession of 2008, hospitals experienced substantial losses in their investment portfolios. The author analyzed key financial accounts of 15 large, multistate healthcare systems that measured their changes in value of their investments, changes in net assets, liquidity ratios, and other performance ratios. Overall, he found that the majority of these systems did incur financial losses in their investment portfolios; however, for the majority of these systems, their liquidity and cash flow margin ratios declined slightly whereas their capital expenditure and community benefits increased.
McCue
Michael J
MJ
Virginia Commonwealth University, USA.
D002202:Capital Financing / Q000191:economics; D003695:Delivery of Health Care / Q000191:economics*; D057172:Economic Recession; D005375:Financial Audit; D014481:United States