Hospitals face insolvency from troubled economy
Case Management Weekly, April 30, 2008
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A global professional services firm that recently analyzed more than 4,500 U.S. hospitals found that more than half are insolvent or at risk for insolvency. These hospitals do not make enough money simply caring for patients and must rely on other sources of income such as private donations, government funding, and revenue from parking fees and gift shops.
The report claims that, in a slowing economy, hospital management must focus on patient care margins in order to remain viable and less reliant on other sources of income. Other sources of income, it claims, are unreliable.
The report took a sample of 3,861 short-term acute care hospitals that had more than 25 beds.
Source: Hospital Insolvency: The looming crisis
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