Publication Date: July 1st, 2002
Publication Type(s): Working Paper
Topic(s): Hospitals and Clinics
Author(s): Gregg, W., Knott, A., Moscovice, I.
There is a growing concern that rural hospitals are having difficulty obtaining finances to modernize buildings and equipment (National Advisory Committee on Rural Health, FY 2000 Recommendation). Some of the more traditional sources of funding (e.g., short-term bridge loans, charitable donations, tax credits and public fund-raising efforts) are not as available as they once were. Even the availability of loans through bond sales, the most popular source of debt financing today, has been contracting since the late 1990’s for all facilities but those with the very highest of credit ratings.