Hospital Quake Upgrades Are the Next Fiscal Casualty

A recent report by the California Hospital Association, based on an April survey of about 130 California hospital CFOs, warns that nearly two-thirds (64 percent) of them say their facilities won’t be able to get the capital needed to comply with 2013/2015 deadlines. CHA blames the ongoing credit crunch, “deteriorating hospital revenues caused in large part by governmental underfunding” of Medicare and Medi-Cal, devaluation of investments, increasing numbers of uninsured patients and other woes.