Poor rates of growth in hospital revenue and admissions is not good news for clinical laboratories
During 2010, not-for-profit hospitals showed the lowest rate of growth in at least two decades, according to a report released by Moody’s Investors Service, a holding of Moody’s Corporation (NYSE: MCO). This may be an early sign that hospital laboratories will soon be asked to work with leaner budgets during the coming year.
In its report, dated August 10, 2011, financial analysts at Moody’s predicted a mean growth rate of 4% in revenue for not-for-profit hospitals. There are multiple and complex factors contributing to the drop in mean revenue growth of not-for-profit hospitals. The report authors wrote that: