Moody’s: Nonprofit Hospitals 2013 Revenue Hit Record Low

Moody's latest report on not-for-profit hospitals found revenue growth hit an all-time low for fiscal 2013. For the second year in a row, expenses outpaced revenues, an unsustainable business model. Outpatient services showed a large slowdown from the prior year, which was unexpected. Inpatient services also fell, but that was less surprising. But some for-profit hospital chains like Lifepoint Hospitals (LPNT) and HCA Holdings (HCA) reported higher quarterly profits. Lisa Goldstein, associate managing director at Moody's, spoke with TheStreet's Susannah Lee. Goldstein says they don't see these trends changing in 2014.