NJ hospitals must file financial reports monthly

With about half of the state's 74 hospitals running deficits, New Jersey has imposed unique controls over the industry. State officials are now requiring all of the hospitals to file monthly reports detailing their financial health. The idea, state officials say, is to keep abreast of which hospitals might be on the verge of failure and take action as needed. Such reports help officials know when they ought to install a state monitor at struggling hospitals, a step also permitted under the recent law. In extreme cases, the monitor would be given the power to impose veto power over a hospital's actions. Article

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