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New Jersey doing more to keep hospitals alive

Philadelphia Inquirer, August 25, 2008

A New Jersey law will require hospitals to file monthly, rather than quarterly, reports on their financial health. State health officials say it's meant to be an "early warning system" for hospitals heading toward financial failure. The law also allows state officials to impose monitors at struggling hospitals. In extreme cases, the monitor could use veto power over a hospital's actions. Roughly half the state's 74 hospitals are running deficits, according to the New Jersey Hospital Association.