Tag Archives: Moody’s

Rising hospital ransomware attacks could endanger patients, hit bottom lines hard, Moody’s says

Dive Brief: Ransomware attacks will continue among large providers for the foreseeable future, and “healthcare systems will need to deploy additional resources to thwart future cybersecurity breaches even as the pandemic continues to use up significant clinical, financial and strategic resources,” according to a new report from Moody’s Investors Service. The organization noted that nonprofit… Read More »

Hospital margins hit hard by pandemic, but CARES Act provided huge relief, Moody’s finds

Dive Brief: A new report from Moody’s Investors Service concluded that non-profit and public hospital margins have declined but liquidity has improved during the COVID-19 pandemic, primarily due to advanced Medicare payments under the relief provisions of the Coronavirus Aid, Relief, and Economic Security Act. However, overall cash flow slumped. The acuity of inpatients also… Read More »