Nearly 60 percent of Maryland hospitals have sustained financial losses, according to a Maryland Hospital Association news release.

Bill Terrano joined MEI Financial Services as the new director of credit, according to an MEI news release.

Connecticut Governor Jodi Rell has rejected a proposal by the University of Connecticut Medical Center and Hartford Healthcare to build a new $475 million hospital in Farmington, Conn., according to a report by the Hartford Courant.

Forum Health Hospitals, based in Youngstown, Ohio, voluntarily filed for Chapter 11 bankruptcy, according to a Forum Health news release.

Detroit Medical Center and Henry Ford Health System, also in Detroit, both posted gains for 2008, despite incurring losses due to unpaid medical bills and the struggling economy, according to a report from The Detroit News.

Hospital margins fell from positive 4.6 percent in the fourth quarter of 2007 to negative 7.8 percent in the fourth quarter of 2008, according to a report from the American Hospital Association and the Colorado Hospital Association.

Carolinas HealthCare System in Charlotte, N.C., reported a net loss of more than $551 million for 2008; comparatively, the system gained $280 million in 2007, according to a report in the Charlotte Business Journal.

St. Mary's Hospital in Passaic, N.J., has filed for Chapter 11 bankruptcy, according to a report by the South Bergenite.

East Connecticut Health Network canceled a deal to purchase Johnson Memorial Hospital in Stafford Springs, Conn., according to a report by the Hartford Courant.

By the beginning of 2010, U.S. hospitals and other healthcare providers will face something their colleagues in California, Florida and New York slogged through for three years, a new force in regulatory oversight called Recovery Audit Contractors.