Pennsylvania Hospitals’ Total Margins Drop to -6.3%

Pennsylvania hospitals are being hit by the recession as recent data show their total margins dropped to -6.3 percent for the time period July 2008-Dec. 2008, according to a news release from the Hospital & Healthsystem Association of Pennsylvania.

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Carolyn Scanlan, president and CEO of HAP, said in the release that unless Pennsylvania lawmakers restore $75 million in 2009-2010 healthcare budget cuts, hospitals will continue to cut services and staff.

Ms. Scanlan said that the added burden placed on hospitals in a struggling economy could ultimately leave patients with fewer healthcare choices, according to the release.

Read the HAP release on Pennsylvania hospitals total margin loss.

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