Recession batters hospitals, but leaves most suppliers unharmed Capital equipment and pharma struggle, but consumables sales show resilience
Hospital Materials Management, May 1, 2009
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By all accounts, the nation?s economic downturn is exacting a financial toll on U.S. hospitals. Strained by surging levels of uncompensated care, falling occupancy and declining surgical volume, particularly in elective surgery, hospital budgets are feeling a pinch not felt for decades, if ever. The impact on providers was covered in the April issue of HMM. Yet while hospitals are falling victim to declining numbers, surprisingly, their vendor partners, with a few notable exceptions, are pulling through the economic malaise like good patients on the mend. A review of current business levels for a mosaic of suppliers in various consumables segments shows revenue downslides experienced by hospitals have yet to negatively impact the supplier community.
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