Richard Pizzi

West Penn Allegheny Health System posted a net loss of $5.6 million and an operating loss of $9.1 million in the second quarter of 2009.

New Jersey’s hospitals are reporting sharp hits to their bottom lines, a drain on cash reserves and an increase in layoffs, according to a statewide survey conducted by the New Jersey Hospital Association.

Oregon hospitals claim that they will face almost $400 million in losses over the next two years under the 2009-2011 budget proposal presented to Oregon lawmakers by the state’s governor, Ted Kulongoski.

Allina Hospitals and Clinics has negotiated an agreement with the Minnesota Nurses Association to ensure adequate nurse staffing in the event of a natural disaster, catastrophic event, pandemic illness or response to terrorism.

Record Medicaid caseloads, cuts in payment rates and skyrocketing uncompensated care are putting heavy financial burdens on hospitals in Michigan and Georgia.

Blue Cross Blue Shield of Michigan reported a net loss of $144.9 million in 2008, which company officials blamed primarily on significant losses on individual policies.

Editorial from Editor Richard Pizzi

The Sisters of Charity Health System and University Hospitals plan to modify the existing 50/50 not-for-profit ownership structures of St. Vincent Charity Hospital in Cleveland and Mercy Medical Center in Canton, Ohio.

The healthcare industry, once thought to be recession-proof, is feeling the effects of the deepening economic crisis, and hospital employees are polishing their resumés as layoffs loom.

President Obama released $155 million authorized by the American Recovery and Reinvestment Act for 126 new health centers to offer primary and preventive care services.