Impact of the Economy on Not-for-Profit (NFP) Hospital Expenditures

A Survey of 51 CFOs and VPs of Finance

December 2008

Deliverable: Survey with key findings.

Study Description:

Topic

Impact Of The Economy On Not-For-Profit (Nfp) Hospital Expenditures

Respondent Type

Chief Financial Officers and Vice Presidents of Finance

Specialties Covered

Not-for-profit hospital

Region

US

Methodology

Self-administered survey

Approximately 20 minutes’ duration

51 total respondents

Fielded online from November 21, 2008 to December 1, 2008

 

Objectives:

To determine the impact of the current economic crisis on expenditures at not-for-profit hospitals in the United States

§    Rate the impact the economy has had on hospital financial strength over the past year, identifying particular areas of concern

§    Evaluate and predict past, present, and future hospital expenditures based on the current financial crisis

§    Identify the tactics hospitals are using to cut down on expenditures, including which specific expenditures are cut first and which ones are cut last and the factors that determine the order of cuts

§    Measure trends in inpatient admissions and procedure volumes (in particular hip and knee replacements and spinal fusion surgeries)

§    Calculate the effect of the economy on working capital at NFP hospitals

 

Inclusion Criteria and Respondent Demographics:

Inclusion Criteria

 

§    US-based CFOs and VPs of Finance at not-for-profit hospitals


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