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Chapter 9: A Tool for Ailing Healthcare Districts

First few Article Sentences

Healthcare districts, like many quasi-government organizations, continue to face serious financial challenges that have resulted in hospital closures, affiliation with other entities, or a downsizing from a full-service facility to a strictly outpatient focused organization. Some of the "red flags" of potential serious financial distress include: failure to meet debt coverage covenants; late or limited financial statements; large swings in contractual allowances and bad debts; the need for accelerated property tax receipts; declining days of cash on hand, along with large increases in accounts payable.

Haskins, Sandy


HFS Consultants

Chapter 9

May 26, 2015

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