Can net income from non-patient-care activities continue to save hospitals?
A recent study found that U.S. hospitals are losing billions of dollars per year caring for patients. Hospitals have been able to offset patient care losses with substantial net income from sources not directly connected to patient care. However, this net income declined sharply with the economic downturn in 2008 and 2009, resulting in a decline in overall hospital profitability and putting a cloud of uncertainty over future hospital profitability.
Schuhmann
Thomas M
TM
Cost Report Data Resources, LLP, Louisville, KY, USA. tschuhmann@costreportdata.com
D004469:Economics, Hospital / Q000458:organization & administration*; D007182:Income / Q000639:trends*; D014481:United States