Survey: New Jersey hospitals are hurting
Philadelphia Inquirer, February 19, 2009
The New Jersey Hospital Association has released results of a new survey that revealed multiple signs of financial strain. Thirty-seven of the state's 74 hospitals responded to the survey. The hospitals said their total margins fell from 3.7% in 2007 to minus 4.5% in 2008, and 45% said they had laid off from six to 140 people in 2008. Twenty-one percent expect layoffs this year.