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HRD-79-64 1 (1979-06-27)

handle is hein.gao/gaobaazkq0001 and id is 1 raw text is: 




BY THF COMPTROLLER   EEPIlllIIIII !11!
                                                      LM109743


Report To The Congress
OF THE UNITED STATES                                       fi


Hospital Loan Assistance Programs:

Actions Needed To Reduce

Anticipated Defaults



Many hospitals with federally assisted loans
have been experiencing serious financial pro-
blems that could lead to defaults, closures
of modern hospitals, and substantial losses
to the Government.     The Department of
Health, Education, and Welfare needs to

    --make comprehensive risk assessments
    to identify the risk of default on all
    loans,

    --advise the Congress of the potential
    losses and adequacy of loan default
    funds,
    --issue additional loan monitoring guid-
    ance and implement a viable loan
    monitoring program,


--closely monitor the financial status
of loans secured with inadequate col-
lateral, and
--determine and monitor the status of
hospital sinking funds.


ZI


   HR D-79-64
JUNE 27, 1979


109743


10 1? (F3

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