According to the article, there’s still time to save the hospitals and no plans on closing at this point, but it’s the same thing faced all over the US, no money, and 50% of the hospitals in the US border on solvency, and sure hate to see that number rise by any means. Growing the business saddled...
Posted to
The Medical Quack .... by Barbara Duck
on 10-31-2008
Filed under: Medically Related, Insurance, Other Items of Interest, Hospitals, Budgets, Heatlhcare, Insolvency, bankruptcy, Desperate Hospitals, Finances, Heatlh Insurance
We just had the same happen not too long ago here the Los Angeles area, Century City, right on the outskirts of Beverly Hills that could not come up with buyer and had to close down at the end of August. Hospitals even the affluent areas are not even safe. Lincoln Park Hospital may be in...
Posted to
The Medical Quack .... by Barbara Duck
on 10-09-2008
Filed under: Medically Related, Other Items of Interest, healthcare, Hospitals, Budgets, Insolvency, Desperate Hospitals, Finances
Well I think a few words might sum up this entire report, “Show me the money” might be some word echoed by hospitals. I visited a hospital this week and they are keeping the lights and basics going only, why, because we have no budget for the State of California and nursing homes and other businesses...
Posted to
The Medical Quack .... by Barbara Duck
on 09-18-2008
Filed under: Medically Related, Technology, EMR, EHR, Physicians, Hospitals, Budgets, Desperate Hosptials, Money, Medical Records Venture Capitalists
Increased charity is one of the reasons and of course there is the pressure from Medicare and insurers to limit rate increases, but many insurers are on their way to China as posted in prior articles here. There is also the big loss of federal funds, just look at us here in California for a quick...
Words of reality quoted by this hospital CEO, "There are too many variables involved until we go line item by line item", and that is certainly one big challenge as well. Many hospitals have active fund drives in place as well as other sources of creating additional revenue compensation...