One of the most common ways to improve the cash flow of a nursing home is to ask vendors for 30-day payment terms.
Gemino Healthcare Finance announced it will provide an $8 million secured revolving line of credit to Providence Group, Inc. The credit will be used to pay off debt and for working capital purposes.
Standard & Poor's has said that its downgrade of the long-term sovereign rating on the United States will not have a significant impact on ratings in the nonprofit healthcare sector. However, the ratings agency said it is growing increasingly concerned about government reimbursement to healthcare providers long-term.