HFMA: More than half of hospitals losing money
AHA News Now
Apr 15, 2009
Fifty-four percent of hospitals had negative total margins during the first-quarter of fiscal year 2009, including 80% of hospitals with 500 or more beds, according to a nationally representative survey by the Healthcare Financial Management Association. Eight in 10 hospitals report declines in non-operating revenue since the economic recession began last summer, and seven in 10 report fewer days cash on hand. Four in 10 hospitals report a decline in net patient revenue and investment losses of 25% or more. The findings are consistent with data reported last month by the AHA.