Navigation Links
CSC Survey Reveals Hospitals Find Current Recession Far Worse Than Last Downturn; Emergency Visits to Climb
Date:12/9/2008

74 Percent of Hospitals Have Already Begun Taking Measures To Avoid Fiscal Crisis

FALLS CHURCH, Va., Dec. 9/PRNewswire/ -- Nearly nine in ten hospital executives believe the current economic crisis will impact their facilities more heavily than the downturn of 2001 - 2002, according to a survey released today by CSC (NYSE: CSC) titled "Treatment Plan: Hospitals Respond to the Economic Crisis." The impact is already being felt; 55 percent of hospitals have seen cuts in revenue from Medicaid payments and many are beginning to prepare for increases in uncompensated care.

With the economy weighing heavily, 74 percent of hospitals surveyed have begun implementing changes to respond to the crisis, while 20 percent are in the planning stages of responding. Some of these changes have been made to capital investments: 60 percent report delaying or deferring future construction, 55 percent report delaying or deferring future information technology (IT) projects and 38 percent have postponed IT expansions already underway.

"The economic environment, exacerbated by the credit crisis, has put the healthcare industry in uncharted waters," said Deward Watts, president of CSC's Global Healthcare Sector. "The industry's quick response to this challenge is encouraging, but tough times lie ahead. Hospitals that address changing patient demands and shifting reimbursement cycles will be better positioned to mitigate the downturn."

The study indicates 15 percent of hospitals surveyed have accelerated IT projects in hopes that the effective use of information will help deal with new patient demands and changing reimbursement cycles while concurrently improving the quality of care. At the same time, 75 percent claim that they will be cutting costs, while 59 percent will be taking the downturn as an opportunity to tighten up their revenue cycle management. Only 43 percent plan to lay off staff, 21 percent anticipate cutting services and fewer than four percent see the need to close facilities.

One of the largest factors expected to affect hospitals and health networks is the manner in which patients pursue care. Increased cost of living, tightening credit and the job market are creating a "perfect storm" where the uninsured patient base rises and insured patients look for a greater "bang for their buck." Of the hospital executives surveyed, 67 percent expect to see an increase in emergency department visits, while 58 percent expect to see fewer routine checkups. Half of the executives interviewed expect to see fewer patients coming back for follow-up care.

CSC conducted 54 interviews with hospital and health network executives during the latter half of November, with 94 percent at the C-level. Nearly 50 percent were chief executive officers, chief financial officers or chief operating officers.

CSC's Global Healthcare Sector, which serves healthcare providers, health plans, pharmaceutical and medical device manufacturers, and allied industries around the world, is a global leader in transforming the healthcare industry through the effective use of information to improve healthcare outcomes, decision-making and operating efficiency.

About CSC

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 91,000 employees and reported revenue of $17.3 billion for the 12 months ended Oct. 3, 2008. For more information, visit the company's Web site at www.csc.com.


'/>"/>
SOURCE CSC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. OECD Economic Survey of the United States
2. Survey Shows Mothers See Value in Influenza Vaccination for Their Families Through the Winter and Spring
3. National Survey of Radiologists Reveals Systemic Problems Hurting Industry and Patient Care
4. Axiom Consulting Partners Announces the Results of its Return On Sales Investment Survey
5. Renowned Thoracic Surgeon Recognized as Top Doctor by Peers in Annual New Jersey Monthly Magazine Survey
6. YWCA Survey Reveals Womens Priorities for New Obama Administration
7. New Survey Shows Majority of Americans Need to Take Proper Steps to Manage Diabetes Risk
8. Initial Survey Findings on Diabetes Awareness Released by PatientAssistance.com
9. Radiologist Salary Survey Shows Fear of Universal Healthcare
10. New Survey Shows Seniors Overwhelmingly Satisfied With Medicare Part D
11. Epocrates Survey Identifies Trends in Online Resource Use Among Physicians
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2016)... ... June 27, 2016 , ... TopConsumerReviews.com recently awarded their ... Eyeglasses . , Millions of individuals in the United States and Canada wear eyeglasses. ... way to both correct vision and make a fashion statement. Even celebrities use glasses ...
(Date:6/26/2016)... ... 2016 , ... PawPaws brand pet supplements owned by Whole Health ... the health of felines. The formula is all-natural and is made from Chinese herbs ... Cat Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia ...
(Date:6/25/2016)... ... 2016 , ... Austin residents seeking Mohs surgery services, can now turn to ... Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to ... fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of ...
(Date:6/25/2016)... Beach, CA (PRWEB) , ... June 25, 2016 , ... ... UCLA with Magna Cum Laude and his M.D from the David Geffen School of ... Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at the ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article ... are unfamiliar with. The article goes on to state that individuals are now more ... these less common operations such as calf and cheek reduction. The Los Angeles area ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... 2016 Story Highlights: ... within the health care industry is causing providers to ... , Deloitte offers a suite of solutions for health ... efficient cost optimization: labor resource analysis, revenue cycle optimization ... better outcomes and better economics ...
(Date:6/24/2016)... , June 24, 2016   Bay ... Rehabilitation Network,s Dean Center for Tick Borne ... Medicine and Rehabilitation, MIT Hacking Medicine, University of ... Innovation, today announced the five finalists of ... Lyme disease.  More than 100 scientists, clinicians, researchers, ...
(Date:6/24/2016)... 2016 Dehaier Medical Systems Ltd. (NASDAQ: ... markets and sells medical devices and wearable sleep respiratory ... strategic cooperation agreement with Hongyuan Supply Chain Management Co., ... June 20, 2016, to develop Dehaier,s new Internet medical ... Dehaier will leverage Hongyuan Supply Chain,s sales platform to ...
Breaking Medicine Technology: