August 2009
HealthLeaders Magazine;Aug2009, Vol. 12 Issue 8, p14
The article discusses economic and financial issues affecting the U.S. health care sector as adverse effects of recessions continue to pose threats as of August 2009. The need for the hospitals to reevaluate spending priorities is recommended. According to Joe Fifer, vice president of hospital finance at Spectrum Health in Grand Rapids, forecasting and capital allocation decisions should be well considered in a dire economic condition. Predictions including the loss of easy credit and low interest rates and higher hospital expenditure are mentioned.


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