The rating on Rhode Island Health and Educational Facilities Building Corp.'s bonds, issued for Roger Williams General Hospital, reflects: * Improving utilization, * Solid operating performance, and * Good liquidity position in an increasingly consolidating and competitive service area. Recent improvements reflect management's initiatives to reverse declines in utilization, retain profitability through the expansion and development of new and existing services, and contain costs. Admissions and outpatient visits increased by 7.4% and 2.8%, respectively, in fiscal 1997. In 1997, the medical staff increased by 63 physicians (356 total active staff physicians) as a direct result of physician malcontent with consolidation activity in the market. The hospital remains one of the few health care providers that has not fully integrated into
