Credit struggles force hospitals to cut back

According to survey results from both the American Hospital Association and the Healthcare Financial Management Association, several hospitals are being forced to delay spending in areas such as technology and construction thanks in large part to the recent credit crunch. According to the HFMA survey, about 80 percent of the 309 hospital executives who responded said that they would need to cut back on IT and medical technology efforts over the next three to six months; 72 percent said they would have to cut back on construction efforts.

Of the AHA's 639 respondents, 45 percent said they had already put on hold projects that were planned to start within six months. All of these numbers only add to the financial woes of hospital executives in recent months. Maybe it's time for the healthcare industry to receive a shot in the arm.

To learn more:
- check out this Modern Healthcare article (reg. req.)