Hospitals in A Recession, Bad Economy is a boom to Medical Nursing Staffing Agency
Recession afflicting hospitals
Patient counts are falling and unpaid bills are rising.
Last year hospitals are enjoying almost full capacity,
its beds filled with patients from the aging baby boomers. Business was so
awesome that most healthcare facilities planning of expansion to meet the
With the economy in bad shape and the foreseen recession resulted in
increase unemployment and mass lay off, and therefore insurance
Then the tightened credit, therefore expansion was put on hold for the time
Hospitals patients numbers have decline and bed are not being filled.
But a freeze-up in the nation's financial markets has compounded their woes.
Although most hospitals operate as nonprofits, they are capital-intensive
businesses that rely heavily on credit markets to finance big-ticket investment
in new wards, surgical suites and costly diagnostic technology. Several
hospitals, operating on razor-thin margins, have seen interest rates on their
debt soar in the last six months even as millions of dollars evaporated from
their investment portfolios.
"This has been a very, very rough year for the Healthcare Hospitals and
Long term care facilities,"
Minnesota hospitals aren't alone. Last month Moody's Investors Service revised
its outlook for the nation's not-for-profit health care sector from stable to
negative, citing falling surgical volumes and rising charity care and bad debt.
For a lot of hospitals, the decline in business have resulted in cost
cutting and finding ways to save money. Some hospitals are outsourcing their
employment needs to medical, nursing staffing agency to cut employment benefits.