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New Jersey Hospital Association
NJHA: Hospital Finances Show Troubling Trends
December 14th, 2008
Nearly half of the state's hospitals - 47 percent - posted overall losses at the end of 2007, according to new audited financial data contained in the 2008 edition of the New Jersey Hospital Association's Financial Status of New Jersey Hospitals report. The data shows that New Jersey's hospital industry was on shaky financial ground long before the recent economic meltdown. New Jersey hospitals reported a dramatic decrease in hospital total margins in 2007, which include income from restricted and non-operating funds such as grants, endowments and investments. The statewide average total margin dropped from 3.1 percent in 2006 to 0.9 percent for 2007...
Source: Pharma Investments, Ventures & Law Weekly (2008-12-14)
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