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Henry Ford Health System earnings fall
Detroit Free Press, May 16, 2008
Although Michigan-based Henry Ford Health System made money in 2007, it was less than the year before as its cost of providing free care nearly doubled. The expense underscores the impact of unreimbursed care on hospitals caused by a loss of jobs and employee health benefits in the state, said Henry Ford representatives. The nonprofit Ford system earned $105.8 million in 2007, down from $134.9 million in 2006, on $3.47 billion in revenue, said Henry Ford President and CEO Nancy Schlichting.
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