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American journal of medical quality : the official journal of the American College of Medical Quality | Vol.25, Issue.3 | | Pages 181-5

Clinical quality is independently associated with favorable bond ratings.

Ziad, Haydar David, Nicewander Paul, Convery Michael, Black David, Ballard

Abstract

The relation between clinical quality and bond rating for nonprofit hospitals has been proposed but never fully studied. We analyzed the relation between bond rating, clinical quality measures (The Joint Commission/Centers for Medicare and Medicaid Services [CMS] core measures), and balance sheet and income statement financial measures of 236 hospitals across the United States that are rated by Moody's Investors Service and that reported clinical quality measures to CMS during the study period. We found a statistically significant relation between higher quality measures and more favorable bond ratings. This association remained significant after controlling for traditional financial parameters.

Original Text (This is the original text for your reference.)

Clinical quality is independently associated with favorable bond ratings.

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Keywords

bond rating clinical quality measures balance sheet and income statement financial measures financial parameters

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Ziad, Haydar David, Nicewander Paul, Convery Michael, Black David, Ballard,.Clinical quality is independently associated with favorable bond ratings.. 25 (3),181-5.

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