Hospitals Face Financial Squeeze

From the Wall Street Journal:

More than half of U.S. hospitals aren’t seeing enough patients to provide sufficient revenue to fund operations and are “teetering on the brink of insolvency” or already are insolvent, according to a study.

Restructuring firm Alvarez & Marsal said more than 2,000 of the nearly 3,900 acute-care hospitals the firm studied don’t make a profit treating patients. Nearly 750 hospitals that do turn a profit still don’t have enough to reinvest in improvements or other essential expenditures, the firm’s study found.

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