Finding An Rx For The Nursing Shortage: Not-For-Profit Hospitals Respond With Multiple Strategies That Have Varying Credit Implications - Moody's Global Credit Research

Finding An Rx For The Nursing Shortage: Not-For-Profit Hospitals Respond With Multiple Strategies That Have Varying Credit Implications

Finding An Rx For The Nursing Shortage: Not-For-Profit Hospitals Respond With Multiple Strategies That Have Varying Credit Implications - Moody's Global Credit Research
Finding An Rx For The Nursing Shortage: Not-For-Profit Hospitals Respond With Multiple Strategies That Have Varying Credit Implications
Published Mar 08, 2007
8 pages (3291 words) — Published Mar 08, 2007
Price US$ 750.00  |  Buy this Report Now

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...Hospital workforce shortages, particularly the nursing shortage, have contribut ed to significant increases in labor costs for not-for-profit hospitals, and the projected demand for he althcare services is expected to outstrip the pipeline of nurses. With salaries and benefit expenses representing ap proximately 50% of a hospital's total expenses, the ability to control labor expense growth is an important skill in main taining an organization's financial health and a factor in Moody's assignment of bond ratings. Hospitals that are experiencing a current nursing shorta ge, have an aging nursing staff, or are targets for unionization activity are most at risk over the near term. In response, hospitals may be forced to give larger-than- anticipated wage increases, richer benefit packages or other financial incentives to attract new nurses and retain current nurses, resulting in lower earn ings and less cash reserves which may lead to bond rating pressure. Some hospitals are funding...

  
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Finding An Rx For The Nursing Shortage: Not-For-Profit Hospitals Respond With Multiple Strategies That Have Varying Credit Implications" Mar 08, 2007. Alacra Store. Aug 13, 2020. <http://www.alacrastore.com/moodys-credit-research/Finding-An-Rx-For-The-Nursing-Shortage-Not-For-Profit-Hospitals-Respond-With-Multiple-Strategies-That-Have-Varying-Credit-Implications-PBM_PBM102357>
  
APA:
Moody's Global Credit Research. (). Finding An Rx For The Nursing Shortage: Not-For-Profit Hospitals Respond With Multiple Strategies That Have Varying Credit Implications Mar 08, 2007. New York, NY: Alacra Store. Retrieved Aug 13, 2020 from <http://www.alacrastore.com/moodys-credit-research/Finding-An-Rx-For-The-Nursing-Shortage-Not-For-Profit-Hospitals-Respond-With-Multiple-Strategies-That-Have-Varying-Credit-Implications-PBM_PBM102357>
  
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