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West Penn Allegheny Health profit up

Largely due to its success in refinancing debt and boosting investment earnings, Pittsburgh's West Penn Allegheny Health System turned a $6.9 million net profit for the first six months of fiscal Read more...

Readers share thoughts on not-for-profit ratings

Last week in this space, I said that while I understand why Wall Street ratings firms focus Read more...

Non-profit finances deserve second look

Looked at one way, it's easy to see why an agency like Moody's would be less than enthusiastic about the financial prospects of not-for-profit hospitals. Just consider what's going on in many Read more...

Moody's shows little enthusiasm for non-profit hospital finances

It's tough to find there, buried within the careful language, but I think the net of the recent "special comment" from Moody's Investors Services might be that the agency is cautiously Read more...

HealthSouth gets credit upgrade, but questions remain

For HealthSouth, it looks like a good news/bad news situation in terms of feedback from key financial ratings firm Moody's Investors Service. On one hand, Moody's affirmed the B3 corporate family Read more...

Painful cash crunch leaves few good options

Painful cash crunch leaves few good options Wow, things are still painful out there. Even if your facility had auction-rate bonds outstanding, and managed to bail out of them successfully, you're Read more...

Case study: NJ hospital refinances bond debt

Want to know how much it costs to bail out of the imploding auction-rate bonds market? For one New Jersey hospital, the price tag was $16 million. The Hackensack Medical Center received permission Read more...

Time to take IT infrastructure seriously

If two recent studies are to be believed, the industry may be on a collision course between IT's need for nuts and bolts hardware and clinicians' need to document, manage and improve clinical care. Read more...

Tenet turning around: Admissions grow, losses fall

After sailing dark financial seas for quite some time, Tenet seems to be turning things around, at long last. If nothing else, it's getting close. This week, the company announced that it had lost Read more...

Mayo Clinic invests in digital A/P system

Hoping to increase the accuracy of its payment process, the Mayo Clinic has decided to automate its invoice processing cycle completely. Mayo has rolled out workflow automation technology from vendor Read more...