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Survey Finds Healthcare CFOs Pessimistic About Economy

May 18, 2010
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A national survey of CFOs and senior comptrollers conducted by Grant Thornton LLP (Chicago) finds that CFOs in the health care industry are less optimistic about the state of the U.S. economy and their own company’s financial prospects in the next six months than CFOs in other industries.

24% of health care CFOs thought their company’s financial prospects would improve in the next six months, versus 52% of all respondents. 41% of health care CFOs believed the U.S. economy would improve in the next six months, and only 16 % thought the U.S. economy would come out of recession in 2010.

Anne McGeorge, Grant Thornton’s national managing partner of the Health Care group, said CFOs doubts were easy to understand. “Much of the recently enacted health care reform legislation has yet to take effect, but one thing is for certain: there will be a profound impact on hospitals and most health care providers.”

Grant Thornton LLP conducted the biannual national survey from March 22 through April 5, 2010, with 496 U.S. CFOs and senior comptrollers participating. 37 participants were from health care companies.

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