Liquidity, measured by Days Cash On Hand was the most critical financial ratio at AtlantiCare, a US not-for-profit health system and winner of the 2009 Malcolm Baldrige National Quality Award. Between 2004 and 2007 AtlantiCare consistently grew its cash balances. In 2004 the days cash on hand was 225, in 2005 it was 250, in 2006 it was 275 and in 2007 it reached 280. These results exceeded both benchmarks - Aa/A-Moodys NJ-NJHCFFA. The Moodys benchmarks was 170 in 2004, 175 in 2005, 180 in 2006 a...

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15.3.1 Financial performance

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