More hospitals may face closure
Two reports this week say that New Jersey residents should brace for more hospital closings.
"Hospital closures and job cuts aren't welcome news for any community, but they're a necessary reality for New Jersey hospitals," said Betsy Ryan, president of the New Jersey Hospital Association. State hospitals last year reversed 2008's economic tailspin, but the outlook is still very uncertain, the group said Thursday in its 33rd annual report.
Separately, Moody's Investors Service predicted "more hospital closures, payment defaults or bankruptcy filings over the next several years."
- CEO Exchange: Preparing for Population Health
- EHR Systems 'Immature, Costly,' AMA Says
- Advocate, NorthShore Deal Would Create 16-Hospital System
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- 3 Strategies for Retaining Millennial Employees
- 'Early Offer' Malpractice Programs May Spur Reform
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- Hospital mergers may lead to higher prices