ITG Market Research Releases New Hospital Executive Survey

          ITG Market Research Releases New Hospital Executive Survey

Macro Optimism Tempered by Hospital Industry Concerns

PR Newswire

NEW YORK, June 6, 2013

NEW YORK, June 6, 2013 /PRNewswire/ -- ITG Market Research today released the
results of a recent survey showing that most US hospital executives believe
that the overall US economy will expand in 2013, but they are not convinced
that this growth will translate into improved business conditions for the
hospital industry.

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"Our Hospital Executive Confidence Index showed its greatest improvement in
three years, buoyed by recent positive economic news. Even in the latter half
of 2012, we were capturing a lot of negative sentiment among hospital
executives, but the proportion expecting economic conditions to deteriorate in
2013 has fallen by over 50% this quarter. It is a very promising indicator,"
said Graeme Christianson, Vice President of Healthcare Market Research at ITG.

At the same time, the study highlights significant challenges that are
specific to the hospital industry. Almost 50% of surveyed executives reported
that some investment has been postponed or cancelled because of reimbursement
cuts embedded in the federal budgetary sequester, and many continue to report
uncertainty regarding the impact of the Patient Protection and Affordable Care

Furthermore, almost half of the surveyed executives reported that patient
volumes fell below expectations in the first quarter of 2013. The lower
volumes translated into lower than expected revenues and profits, making Q1
2013 the worst quarter in terms of reported performance since ITG Market
Research initiated its Hospital Executives syndicated report series in 2011.

"We've already heard from some big players like HMA (NYSE: HMA), HCA (NYSE:
HCA), and Tenet (NYSE: THC) that patient volumes were soft, especially in the
latter half of the first quarter," said Christianson, "but we were still
surprised that executives from so many different types of facilities reported
lower volumes. It may be true that the healthcare industry has avoided the
full brunt of recent economic difficulties, but the industry now faces some
uniquely challenging conditions."

The survey results show that hospitals are responding to the difficult climate
by aggressively implementing new reimbursement and care models, including
accountable care programs, pay-for-performance initiatives, and risk-based
contracting. Furthermore, cost containment strategies for medical devices and
implants have been prioritized, with executives reporting increased focus on
vendor consolidation, market-share discounting, and other aggressive supply
chain management strategies.


HOSPITAL EXECUTIVES is a syndicated report series that tracks and analyzes
leading indicators and key metrics that define the US hospital industry. These
bi-annual reports provide timely insights and forward-looking projections to
support more informed decision-making regarding the impact of new products,
changing economic conditions, financial pressures, regulatory constraints,
managed care policies, and governmental regulations on hospital purchasing
plans and market dynamics.


ITG Market Research is the primary market research offering of ITG (NYSE:
ITG), an independent agency brokerage firm founded in 1987. ITG's
differentiated research platform is based upon leveraging large amounts of
statistically relevant, real-time data.

ITG Market Research delivers high quality healthcare market intelligence
quickly - combining survey results with empirical data to deliver innovative
syndicated and custom reporting. Our cutting edge market research capabilities
enable us to provide clients with the insights and clarity they need to make
informed business decisions.

To learn more about ITG Market Research's products and services, please
contactChristina Brown, Director of Healthcare at:
212.323.3527,, or visit:

ITG Media/Investor Contact:
J.T. Farley
(212) 444-6259

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