Some 68% of chief financial officers at not-for-profit, nongovernment hospitals say their institutions have consolidated or affiliated with other acute-care providers or plan to do so, a new survey has found.
Some 41% reported that such activities have been completed, and another 27% plan to reorganize.
The survey's sponsor, Municipal Bond Investors Assurance Corp., the Armonk, N.Y.-based municipal bond insurer, sought to assess the potential impact of healthcare reform on hospital capital financing. The survey was conducted by a subsidiary of the American Hospital Association, which polled a random sample of 750 CFOs in hospitals with more than 200 beds.
While three of five CFOs said they favor comprehensive restructuring of the nation's healthcare system, survey respondents' reactions to such efforts would vary significantly.
For example, 49% said they would probably reduce 1995 capital spending if federal reform were enacted, but 42% said reform would have no effect, and 9% said it would increase their 1995 capital plans.
One in four CFOs said their institutions would issue bonds in the next three years. Of those, however, 51% said reform might delay bond issuance, while 46% said reform would not cause them to postpone their plans.