Reports show hospitals are rebounding from recession
According to New York-based financial information company, Thompson Reuters Corp. hospitals are showing signs of rebounding from the recession.
Key findings include:
•The percentage of hospital revenue left over after regular business expenses increased from zero in the third quarter of 2008 to 4 percent in the second quarter this year. In Texas, the proportion increased from 6 percent to 8 percent.
•The average number of days that hospitals could run their business with money readily available increased from 90 days in the first quarter to 150 days in the second quarter.
•The number of patients discharged from hospitals – the common way of counting hospital visits – dwindled when the recession started, but now it’s growing. (dallasnews.com)
Hospitals have been hit more than expected in the recession, shedding 6 million jobs since 2007.