What is it about?
Financial distress is the term used to identify organizations having difficulties fulfilling obligations to pay creditors, investors, and employees, and reporting sustained periods of losses. Understanding the magnitude of hospitals in financial distress helps to understand reports of hospital closures. Closures could impact both access and quality of care for patients in that region.
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Why is it important?
Financial distress is the term used to identify organizations having difficulties fulfilling obligations to pay creditors, investors, and employees, and reporting sustained periods of losses. Understanding the magnitude of hospitals in financial distress helps to understand reports of hospital closures. Closures could impact both access and quality of care for patients in that region.
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This page is a summary of: Predicting Financial Distress in Acute Care Hospitals, Hospital Topics, May 2018, Taylor & Francis,
DOI: 10.1080/00185868.2018.1451262.
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