Cash Crunch Hits New Orleans Hospitals

Five New Orleans-area hospitals struggle to pick up the pieces in a post-Katrina version of the healthcare cash flow crisis, according to an article in The Times-Picayune.

A report issued by the Government Accountability Office broke down the exact losses:

  1. Tulane University Hospital and Clinic lost $42.6 million in 2007 and is projected to lose another $37.6 million in 2008
  2. Touro Infirmary lost $36.4 million in 2007 and is projected to lose another $15 million in 2008
  3. West Jefferson Hospital lost $5.8 million in 2007 and will likely lose another $3.5 million in 2008
  4. East Jefferson Hospital lost $29.6 million in 2007 and is projected to lose another $23.9 million in 2008
  5. Ochsner Health Systems lost $31.6 million in 2007 and will likely lose $23 million in 2008

Click here to read the entire story: N.O.-Area Hospitals Bleeding Red Ink, Federal Report Says

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