Sutter Health, Eden Medical Center
Archive for August, 2009

Credit Crisis, Deteriorating Revenues Jeopardize Ability of Hospitals To Meet Seismic Deadlines

Economic Survey Shows 64% of Hospitals Cannot Secure Funds for Seismic Compliance Mandate The nation’s ongoing credit crisis and deteriorating revenues, caused in large part by governmental underfunding, is jeopardizing the ability of California’s hospitals to comply with state-mandated deadlines for seismic retrofitting, according to an updated economic impact report released today by the California Hospital Association (CHA). The report, which is based on a survey of hospital chief financial officers (CFOs) conducted in April 2009, shows that 64 percent of hospitals report ...
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