Jan

29

Hospitals facing extreme funding problems

By Case Management Weekly

Nine out of 10 hospitals reported that borrowing money has become harder due to the economic recession, and the same number report that obtaining charitable funds has also become more difficult, according to the American Hospital Association (AHA).

A recent survey of 639 hospital CEOs showed that because of the lack of access to capital, hospitals have had to put projects on hold:

• 82% have put facility projects on hold
• 65% have put clinical technology projects on hold
• 62% have put information technology projects on hold

Putting projects on hold hinders hospitals’ ability to continually increase quality and efficient care, and to respond to community needs.

Source: Report on the Capital Crisis: Impact on Hospitals