Hospitals Feel Squeeze of Receding Economy
Mississippi Business Journal, The › September 02, 2009
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Summary
Factor in Medicare and Medicaid issues, and the financial stress is forcing hospitals to make or consider making cutbacks to weather the economic storm including cutting administrative costs (60 percent), reducing staff (53 percent) and reducing services (27), among the hospitals surveyed. Calling it "booking up bad debt," Crumpton said, as the economic crisis built, the hospital forecast a rise of two percentage points in accounts receivable.
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Hospitals Feel Squeeze of Receding Economy
A recent survey by the American Hospital Association (AHA) shows just how much the troubled economy is affecting the nation's hospitals.
More than 30 percent of survey respondents report a moderate to significant decline in patients s...See the full content of this document
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