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Hospitals want you to look here, not over there
Hospital leaders took pains to draw investors’ attention to their sizable cash and investment reserves at JPM. Notably absent from many presentations, though, was mention of their losses on patient care, my colleague Tara Bannow reports from the conference.
It’s a different face than they put forward in their communities and to Congress when asking for money. In those settings, hospitals tend to emphasize how poorly they’re doing on operations. But at the industry’s largest and most exclusive investor conference, they need to project strength to drum up demand for their bonds.
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