TITLE

Capital Access--A Key to Survival

AUTHOR(S)
Lefton, Ray B.
PUB. DATE
December 2004
SOURCE
Frontiers of Health Services Management;Winter2004, Vol. 21 Issue 2, p37
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The article focuses on capital access by organizations in healthcare. Cash flow from operations, philanthropy, tax-exempt borrowing, off-balance sheet financing and monetization of assets are the five primary sources of capital available for tax-exempt organizations. Access to capital is highly dependent on an organization's credit rating and overall creditworthiness, which is a function of many factors such as market position, profitability, liquidity, and debt burden. Highly credited hospitals are able to raise affordable capital. Focus should be on operating margins generating sufficient cash to support planned increases in capital spending.
ACCESSION #
15343338

 

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