Health Systems Plan To Increase Spending on Projects Amid Better Economic, Financial Outlooks
Health care systems are planning to increase spending on infrastructure, information technology and other projects amid improving financial outlooks and a growing economy, according to a survey from Fitch Ratings. Fitch compared health systems' responses to this year's survey to responses to a similar survey conducted in 2012 and found that 53% of respondents planned to increase capital spending over the next five years, up from 45% in 2012. In addition, 46% were planning to refinance this year, down from 55% in 2012, and 29% planned to issue bonds to fund their capital, down from 39% in 2012. Meanwhile, 17% expected capital expenditures to decrease, down from 19% in 2012.
- "Health Systems Eye New Projects as Confidence Increases" (Kutscher, Modern Healthcare, 9/23).