Hitting the Reset Button
With one out of every two hospitals expected to show an operating loss in 2022, presentations to the rating agencies in many cases need to focus more on the turnaround plan and less on...
2022 State of the Healthcare Consumer Report
In the two and half years since the COVID-19 pandemic hit the United States in March 2020, consumer behavior has shifted dramatically—and potentially irreversibly—in every aspect of...
The Massive Gulf Between Normal and Today
We see a continued modest capital formation environment. Bon Secours Mercy issued approximately $400 million of tax-exempt debt in a very difficult market. The transaction got done, but...
The Sobering State of Hospital Finances
The American Hospital Association has released a report that we prepared for them on the state of hospital finances—and the results are sobering. We are projecting 2022 to be the worst...
The Current State of Hospital Finances: Fall 2022 Update
Since the onset of the COVID-19 pandemic in March 2020, our nation’s hospitals and health systems have coped with intense pressure on staff and resources. As hospital executives...
Navigating Under Pressure
Not-for-profit healthcare issuance remains light across all public and private funding channels. Rates remain relatively attractive, but uncertainty about the depth and breadth of the new issue healthcare markets persists.
A Guide to Fighting Inflation for Higher Ed Leaders
With no end to inflation in sight, higher ed leaders must take a strategic approach to address a new economic reality. Here are nine options to consider for immediate, near-term, and longer-term action.