Some of the hospitals went bankrupt and are now trying to recover. Hawaii has been a focus of telemedicine more so perhaps than other states and it also stands to represent some potential savings. The report states in the long run for next year, things are not going to get much better with current economic conditions and people losing their health insurance. BD
That's the finding of a study the Ernst & Young accounting firm conducted for the Healthcare Association of Hawaii.
It says the island hospitals had operating losses of $187 million in 2008. That's on top of $212 million in losses reported for 2007.
Looking to the future, Fujii says hospital losses likely will spike next year as unemployed people run out of temporary COBRA insurance and more uninsured people go to emergency rooms.