Financial Pains Pushing Hospitals To Bankruptcy

Law360, New York (April 4, 2008, 12:00 AM EDT) -- Hospitals have been suffering financial woes for a number of years now, and with a faltering economy and a tendency among governments to let the market decide which health care facilities survive, attorneys are expecting to see more hospital reorganizations, and collapses, in the coming years.

Inadequate Medicare reimbursement rates, the rise of new outpatient medical centers and the oversupply of beds are among the factors that are drowning more and more hospitals around the country, driving many into bankruptcy and forcing others to simply shut...
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