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New Jersey Hospitals Post Razor Thin 0.6 Percent Operating Margin for 2006, Down 1 Percent from 2005
Date:11/29/2007

t from 71.6 days in 2005 to 74 days in 2006.

According to Sean Hopkins, senior vice president of health economics for NJHA, the 1 percent decrease in 2006 margins leaves hospitals with little means to increase staff, improve facilities or purchase new equipment, which could impact quality of care and access.

"Many of New Jersey's hospitals sustained a loss in their 2006 operating margins, and with the current healthcare climate, hospitals will have to look for new ways to sustain themselves. In the wake of aging plants and reduced revenues, additional closures are a very real prospect," said Hopkins.

Based in Princeton, NJHA has been providing its 113 members with advocacy, information, research and education since 1918.


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SOURCE New Jersey Hospital Association
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