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June 29, 2006

Report: Financial health of R.I. hospitals improving

The financial health of Rhode Island hospitals is improving, but they aren't as profitable as other hospitals, according to a report by the state Department of Health.

The Health Department's financial review of the state's 13 hospitals found that the top-performing hospitals in 2005 were Newport, Miriam and Bradley, according to the report, which was released today.

The net worth of Rhode Island hospitals grew at a faster pace than hospitals in other parts of the Northeast and the country, but the state's hospitals were less profitable, the report says.

Rhode Island hospitals did well collecting accounts receivable, and their capacity to borrow improved, the report says.

Read the report.

Posted by Jack Perry  at 8:33 AM | Permalink

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