Most Popular Stories
- Humana's McCallister received $1.8M bonus, 26 percent pay raise in 2009
- New law allows patients to price shop before accessing care
- Hospitals obstruct unionization efforts, draw ire of National Labor Relations Board
- SPOTLIGHT: Nurses spend one-fourth of shift bogged down with paperwork
- Social media, medicine may be dangerous mix
- Study: Patient data at risk with file-sharing networks
Featured Jobs
-
Orthopedic Surgeon in Florida
StaffPointe, LLC - central, FL -
FP and IM Jobs in Virginia
StaffPointe, LLC - southwest, VA -
Noninvasive Cardiologist in New Mexico
StaffPointe, LLC - southeast, NM -
General Surgeon Job for Kentucky
StaffPointe, LLC - southeast, KY -
Orthopedic PA Job in Tennessee
StaffPointe, LLC - near Memphis, TN
Events
- AIIM Expo + Conference
April 20-22, 2010 — Philadelphia, PA - Healthcare IT Institute
May 2nd-4th — Atlanta, GA - Hot Topics In Patient Care Device Integration Free Webinar
March 31st - 2nd Annual Summit HITECH & HIPAA Compliance
March 25-26 — Washington, DC
Paid Research Reports
- Pricing and Reimbursement in Key Asia Pacific Markets
- Delivery Mechanisms for Large Molecule Drugs: Successes and failures of leading technologies and key drivers for market success
- The Cardiovascular Market Outlook to 2013: Competitive landscape, global market analysis and pipeline analysis
- Intellectual Property and Outsourcing in China: Minimizing risk whilst maximizing return on investment
- Health Care Equipment & Supplies: Global Industry Guide
- 2009 Trends to Watch: Healthcare Technology
HOT TOPICS >> ARRA | Recovery Audit Contractors | Women in Health IT | Collections | Bond Ratings | Charity Care
Free Newsletter
FierceHealthFinance is a weekly healthcare finance update for health executives, IT managers, and financial managers. Join fellow industry insiders who get FierceHealthFinance via email for their must know healthcare finance news. Sign up today!
About | View Sample | Privacy
Latest News
Popular Topics
Whitepapers
- BREAKING THE LANGUAGE BARRIER: Health Care Quality, Efficiency and Savings through Professional Medical Interpretation
- An Option for the Ages: The FHA/HUD Hospital Mortgage Insurance Program
- Enterprise Security for the Healthcare Industry – Assuring Regulatory Compliance, ePHI Protection and Secure Healthcare Delivery
- Success Story: Columbia United Providers
- Success Story: Community Medical Centers
- Healthcare Megatrends: The Future of Healthcare Financing and Delivery
NJ hospitals in dire straits after charity budget cuts
While hospitals in every state are struggling to fund charity care and bad debt, things in New Jersey are particularly bad. Not only does the state have 1.3 million people without insurance--and a law in place requiring hospitals to treat anyone who visits--but also, the state now faces major cuts in the funding that paid for these impoverished patients. Gov. Jon Corzine (D) recently signed a state budget that cut $111 million from the charity care fund. Now, hospitals that were already struggling are facing even worse problems.
Hospitals say that the stage was set for the hospitals' financial weakness well before the charity cuts, in part due to patients cherry-picking from ambulatory surgery centers. Now, with half of the state's hospitals operating in the red, observers and hospital leaders expect to see many more closures.
These closures are particularly likely to occur in communities populated by high numbers of poor patients--the ones who will find it most difficult to transfer to another hospital. For example, Plainsfield, NJ-based Muhlenberg Regional Medical Center--which serves a poor, ethnically-mixed community--has begun the process of closing down its acute care beds after operating continuously for 130 years. It lost $16.8 million last year and expects to lose another $18 million in 2008.
To learn about the hospitals' troubles:
- read this Washington Post piece
Related Articles:
NJ officials say more hospital closures are OK
NJ hospitals going under as state bailout cash ends
Related Stories
- Judge approves BJC Healthcare setlement
- Helping to qualify the uninsured
- Equity firms partner for $100M buyout of eligibility firm
- Tough challenges on the horizon
- Not-for-profit financial successes raise questions
- TX public health system faces loss of profitable patients
- Back from the brink: N.J. hospital out of bankruptcy
- SPOTLIGHT: Post-Katrina safety-net clinic approach could work nationally
- Hospital finance impacted by hidden provisions of Senate health reform bill
- HCA net income climbs dramatically for Q3 '09
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable© 2010 FierceMarkets. All rights reserved. |
![]() |





