Hospitals Make Cuts in Response to Economic Downturn
November 7, 2008 | Read Time: 1 minute
As more patients delay medical treatment — and those who do seek treatment are unable to pay their bills — some hospitals are having to respond quickly to the effects of the economic downturn, reports The New York Times.
Citing the failing economy and decreased patient demand, Shands HealthCare, a Florida nonprofit hospital system, announced last month that it would close one of its eight hospitals and move patients and staff members to its nearby facilities. The Gainesville hospital lost $12-million last year, said Timothy Goldfarb, the system’s chief executive. “We cannot carry it anymore,” he said.
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