Recovery strategies help faltering hospital pull back from brink of bankruptcy.
Delaware Valley Medical Center was slipping fast, heading toward bankruptcy or closure. But thanks to a corrective business plan established a year ago, the Langhorne, Pa., osteopathic facility has turned profitable a year ahead of schedule. Physician recruitment, new services and a flexible hospital board have played key roles.
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D016361:Bankruptcy; D005377:Financial Management, Hospital / Q000379:methods*; D006744:Hospital Bed Capacity, 100 to 299; D006774:Hospitals, Osteopathic / Q000191:economics*; D010414:Pennsylvania