Hospitals get grim financial news

Miami HeraldJune 5, 2009 

Hospitals are suffering through the recession, many of them cutting staff for the first time, but some for-profit hospitals are doing surprisingly well, speakers said Friday at the annual South Florida Healthcare Summit.

More than 200 people attending the conference in Davie heard what was basically a grim financial outlook for their industry.

Caroline Rossi Steinberg, a trends specialist with the American Hospital Association, said 43 percent of hospitals surveyed reported a negative net return for the first quarter, compared with 26 percent for the same period last year.

Many doctors are also hurting, Steinberg said. Sixty-five percent of hospitals surveyed said they had seen increased numbers of doctors seeking employment, partnerships or help in purchasing equipment.

Read the complete story at miamiherald.com

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