Pennsylvania Hospitals See Declining Financial Health

A new report from the Pennsylvania Health Care Cost Containment Council shows that hospital operating margins dropped from 4.82 percent to 3.98 percent in fiscal year 2007-2008, even before the worst of the recession, according to a report in the Philadelphia Inquirer.

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Fifty-one hospitals of the 169 who reported data had negative total margins in 2008, an increase from 42 in 2007, according to the report. Total margins fell to 4.7 percent in 2008, down from 6.56 percent in 2007.

The report said that inpatient discharges remained steady, but the number of days it took to collect accounts rose from 43.7 days to 44.3 days, according to the report.

Read the Inquirer’s report about the financial health of Pennsylvania hospitals.

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