PubMed · 11066691
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R L Clark. 1999. Getting billing right.. https://pubmed.ncbi.nlm.nih.gov/11066691/
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When the economy was booming and investment returns were strong, many hospitals benefited from "funding holidays" that let them reduce or eliminate annual pension fund payments. But not-for-profit hospitals' pension funds lost more than 6% last year, and a discount-rate drop boosted funding requirements. It's a "double whammy," according to Kim McCarthy, left, of Trinity Health.
Across the country, 19% of community hospitals are struggling to stay open. Discouraged, many board members and administrators settle for only mediocre financial, operational and clinical performance. But that's a mistake. In this session of Straight Talk, we examine how three northeastern community hospitals turned their fortunes around, going from barely surviving to thriving. The hospitals are: 200-bed North General Hospital, NY, NY; 214-bed Landmark Medical Center, Woonsocket, R.I.; and 368-bed Ellis Hospital, Schenectady, NY.
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