The only bright spot in the report were the stocks with the “for profit” companies which were rising. The number with a negative return almost doubled from last year’s first quarter report for those not in the profit business. I see the partnership thing here in Orange County all day long and I have also posted about a company that helps locate shared space. This seems like a good place for another link.
Share Medical Space – Find or Share Medical Office Space Online…
Here’s one other that might be of help for physicians, the No Insurance club.
The No Insurance Club – Interview with Chad Harris, Director
This is an entire revolving circle, which goes from research and development, bringing a product to market, seeing the doctors, getting the treatment and being able to put some kind of a lid on all of it. Other than outsourcing everything how do we solve the issues? Do we finally just set one big budget dollar and live with it?
Once a company has outsourced, there little and no chance of a return, just economic facts, unfortunately. The related reading below has monthly recaps on the “Desperate Hospitals” series. BD
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.
Hospitals were cutting overtime and expensive contract workers. They were also using the economic crisis to squeeze wage reductions out of their staffs, which agreed to them ``for fear of losing their jobs.''
Hospitals get grim financial news - Breaking News - MiamiHerald.com
Related Reading:
Desperate Hospitals – May 2009
Desperate Hospitals Update – April 2009
Desperate Hospitals – March 2009 Update
Desperate Hospitals – February 2009 Update
Desperate Hospitals – Updated November 21, 2008
Desperate Hospitals – September 2008
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