I still keep reading that Healthcare bad debts and charity care are rising due to our country’s economic status and the continuous increase in unemployment. I believe hospitals have tried to cut costs especially in the area of reducing staff, another topic I keep reading about. I also see that hospitals keep expanding as well [...]
Filed under: Bruce Jacobs, Financial Management Services, Healthcare | Comment (0)
Over the past few months, I have had numerous conversations with Hospital CEO’s. Each of these conversations seem to center around their respective hospital’s financial operations and the fact that their net profits have deteriorated over the last one or two years to the point that they are now showing losses. These CEO’s [...]
Filed under: Bruce Jacobs, Financial Management Services | Comment (0)
Any more I’m not sure what to think when it comes to hospital profits and the economy. In a Healthcare Finance Newsweek article published on November 17, 2009 an American Hospital Association study shows hospitals are struggling under an economic depression. This survey showed 34 percent of hospitals expect to report losses in the first [...]
Filed under: Bruce Jacobs, Financial Management Services, Healthcare, Hospital Technology | Comment (0)