What's the Truth About Your Hospital's Financial Health?
Clearly, between 20% (Thomson Reuters) and 34% of hospital CEOs see negative margins in the second quarter of 2009. For those folks, it doesn't matter that overall, hospital margins have recovered. They're still facing tough times.
Your picture may not match up with either of these reports. There's no way to know what life is like in the trenches without a much deeper dive into each individual organization. Despite their shortcomings, both of these studies show that hospitals are making do with less, as most of us are.
No survey or study is going to tell you this, but if there's one thing I've learned in the past year in discussing the economy and healthcare reform with hospital and health system CEOs, they'll need to continue to do so.
Note: You can sign up to receive HealthLeaders Media Corner Office, a free weekly e-newsletter that reports on key management trends and strategies that affect healthcare CEOs and senior leaders.
Philip Betbeze is senior leadership editor with HealthLeaders Media.
- 3 Favorite Nursing Trends of 2013
- Hospital Compare Adds Infection, Stroke, Readmissions Data
- SGR Bill's Payment Transparency Provision Elicits Concern
- Intelligence Report: Cost-Containment Expertise
- ICD-10: Minimizing the Financial Hit
- Premier: ACOs Poised for Growth
- 7 Signs Providers Are Opening Up About Bad Healthcare Outcomes
- AAFP: 72% of Patients Prefer Physicians to NPs
- SGR Repeal Bill Holds Extra Promise for Rural Hospitals
- Your Meetings are Wasting Big Money