A Descriptive Analysis of the 2008 Credit Crisis on Multistate Healthcare Systems: What Impact Did It Have on Their Financial Performance? | Zendy

Michael McCue | Zendy

Open Access

A Descriptive Analysis of the 2008 Credit Crisis on Multistate Healthcare Systems: What Impact Did It Have on Their Financial Performance?

Author(s) -

Michael McCue

Publication year - 2010

Publication title -

hospital topics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.202

H-Index - 21

eISSN - 1939-9278

pISSN - 0018-5868

DOI - 10.1080/00185861003768977

Subject(s) - market liquidity , cash flow , recession , business , financial crisis , investment (military) , capital expenditure , margin (machine learning) , financial system , value (mathematics) , finance , economics , monetary economics , keynesian economics , machine learning , politics , political science , computer science , law , macroeconomics

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.

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