hospital finance news from FierceHealthFinance
News
U of California approves $3.1M in incentives to senior managers
Things may be tough in the hospital finance world, but that hasn't stopped the University of California's Board of Regents from handing out millions in incentive pay to managers who met 2009... Read more...
Despite some '09 recovery, New Jersey hospitals still struggling
While the economy seems to be easing, New Jersey hospitals are still struggling, according to a new survey released by the state's hospital trade group. The study, by the New Jersey Hospital... Read more...
HCA net income climbs dramatically for Q3 '09
HCA reported third-quarter 2009 income of $196 million last week, more than doubling the $86 million in income it posted in the prior year during the same period. It's an impressive increase made... Read more...
Hospital CEOs: Reform savings goals doable with lean, Six Sigma, Toyota methods
Looked at from one perspective, the $155 billion cost-savings goals President Obama has set for already-struggling hospitals are pretty darned intimidating. By one estimate, every U.S. hospital will... Read more...
Dogged by investment losses, RI hospitals lose money in 2008
Rhode Island's hospitals lost money in 2008, not surprising given the depressed state of the overall U.S. economy, a new report notes. The report, which was published by the Rhode Island Department... Read more...
AHA wants hospital bonds included in municipal securities legislation
As FierceHealthFinance readers know, when the market tanked, hospitals went through horrific struggles to manage their increasingly costly bond obligations. With the crisis still at hand, the... Read more...
Large hospitals have tough time 'turning the battleship' in bad economy
In a story appearing in this week's issue, we noted some data that struck me as a bit odd. According to the data, which was drawn from research by the Healthcare Financial Management Association,... Read more...
For hospitals, something's gotta give
Whoa! I don't know about you folks, but after reading some of this week's hospital finance news, it looks to me like things just can't hold together as they have been for too much longer. And since... Read more...
Hospitals using investment cash flow for capital needs
Wow, this doesn't sound like a good sign. According to a new study from A.M. Best, cash-strapped hospitals have begun to turn to their investment cash flow as a means of generating necessary capital.... Read more...
$100M in debt, MI hospital files for bankruptcy
Struggling with debts that have soared to twice the value of its assets, Pontiac, MI-based North Oakland Medical Centers has filed for bankruptcy protection. In its Chapter 11 bankruptcy filing, the... Read more...
