{"id":1991,"date":"2014-01-20T05:00:32","date_gmt":"2014-01-20T11:00:32","guid":{"rendered":"http:\/\/kbicblog.com\/blog\/academic-medicine\/?p=1991"},"modified":"2016-10-06T14:22:17","modified_gmt":"2016-10-06T19:22:17","slug":"20-statistics-on-academic-medical-center-finances","status":"publish","type":"post","link":"https:\/\/kbicblog.com\/academic-medicine\/20-statistics-on-academic-medical-center-finances\/","title":{"rendered":"20 Statistics on Academic Medical Center Finances"},"content":{"rendered":"

\"channel-header-comp\"<\/a><\/h1>\n

20 Statistics on Academic Medical Center Finances<\/h1>\n
Written by Bob Herman (Twitter<\/a>\u00a0|\u00a0Google+<\/a>) \u00a0|\u00a0January 15, 2014<\/div>\n
<\/div>\n

Strong commercial payer reimbursement, high case mix acuity and prestigious reputations coupled with university partnerships give academic medical centers a financial edge in the nonprofit healthcare sector.<\/p>\n

Moody’s Investors Service released a\u00a0report<\/a>\u00a0this week, showing that AMCs are among the strongest credits within its nonprofit hospital base. The median credit rating for an AMC is “A1” compared with “A3” for all nonprofit hospitals.<\/p>\n

Despite the strong borrowing capacity and large revenue base, AMCs face some unique challenges, Moody’s analysts said. For example, their cash flow is somewhat weaker, expense growth continues to outpace revenue growth and they must battle to keep federal medical education and research funds.<\/p>\n

Here are 20 statistics on AMC finances, based on Moody’s median report.<\/p>\n

Note<\/em>: The following data are based on audited FY 2012 financial statements for 85 academic medical centers within Moody’s portfolio. An AMC was defined as a major teaching hospital that receives more than $50 million per year in National Institutes of Health funding. Examples of AMCs within Moody’s portfolio include Massachusetts General Hospital in Boston (rated “Aa2”), Tampa (Fla.) General Hospital (rated “A3”) and Fletcher Allen Health Care in Burlington, Vt. (rated “Baa1”).<\/p>\n

Academic medical center medians \u2014 fiscal year 2012<\/strong>
\nAdmissions: 32,612
\nMedicare case mix index: 1.86
\nTotal operating revenue: $1.2 billion
\nTotal cash and investments: $629.2 million
\nTotal comprehensive debt: $538.5 million
\nOperating margin: 2.7 percent
\nOperating cash flow margin: 9.1 percent
\nCash on hand: 150.7 days
\nMaximum annual debt service coverage: 4.6x
\nDebt-to-cash flow: 3.2x
\nAnnual operating revenue growth rate: 6.6 percent
\nAnnual operating expense growth rate: 7 percent
\nDebt-to-capitalization ratio: 37.7 percent
\nAccounts receivable: 48.9 days
\nCapital spending ratio: 1.4x
\nAverage age of plant: 9.3 years
\nMedicare as percentage of gross revenue: 33.5 percent
\nMedicaid as percentage of gross revenue: 18.5 percent
\nCommercial payers as percentage of gross revenue: 37.7 percent
\nSelf-pay\/uninsured as percentage of gross revenue: 7.5 percent<\/p>\n

Click here for source.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

20 Statistics on Academic Medical Center Finances Written by Bob Herman (Twitter\u00a0|\u00a0Google+) \u00a0|\u00a0January 15, 2014 Strong commercial payer reimbursement, high case mix acuity and prestigious reputations coupled with university partnerships give academic medical centers a financial edge in the nonprofit healthcare sector. Moody’s Investors Service released a\u00a0report\u00a0this week, showing that …<\/p>\n","protected":false},"author":10,"featured_media":1992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[576],"tags":[269,84,77,86,85,83],"class_list":["post-1991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-20-stats-academic-finances","tag-academic-medicine","tag-healthcare","tag-kayebassman","tag-kbic","tag-recruiting-2","column","threecol","has-thumbnail"],"yoast_head":"\n20 Statistics on Academic Medical Center Finances<\/title>\n<meta name=\"description\" content=\"20 Statistics on Academic Medical Center Finances from Becker Hospital Review.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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