Mayor Zimmer responded to consumer concerns that privatizing the hospital would negatively impact patient care. However, the ownership transfer would allow the hospital to stay open for at least seven more years, invest in technology and expand patient services, none of which the city can fund alone, Mayor Zimmer said.
The community approval process can take several months, in which time Mayor Zimmer and HUMC will be hosting community meetings to answer questions and address concerns.
Read the news report about privatization of Hoboken University Medical Center.
Related Articles on Hospital Finances:
MedPAC Issues June Report to Congress; Includes Suggestions to Improve Use of Imaging
MACPAC Issues First June Report to Congress
Colorado’s Vail Valley Medical Center Cuts Execs’ Salaries, Lays Off 22 Employees
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
