Navigation Links
Southern New Jersey Hospitals Thriving, but Cautious in Light of Market Conditions
Date:11/12/2008

Eight New Jersey Hospitals Have Closed in 2008, According to New Report from HealthLeaders-InterStudy

NASHVILLE, Tenn., Nov. 12 /PRNewswire/ -- HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that the hospital sector in southern New Jersey is faring better than health systems in other parts of the state, where eight hospitals have closed this year. According to the new Southern New Jersey Market Overview, the strength of the southern New Jersey hospital sector is likely attributed to the fact that the southern portion of the state did not have the same over-saturation of medical services that exists in northern New Jersey.

According to the report, hospitals in the southern New Jersey market such as Camden's Cooper University Hospital are safety-net facilities that receive a higher reimbursement rate than other hospitals for Medicaid patients. Additionally, the area benefits from New Jersey Future, a statewide research and policy plan that advocates business growth and neighborhood revitalization through universities and hospitals.

"Hospitals and universities in the Camden area have played a major role in city revitalization efforts as part of the state's economic recovery package, and are seeing the benefits of their efforts," said Chris Clancy, market analyst with HealthLeaders-InterStudy. "Five of southern New Jersey's six health systems currently have major construction projects under way. However, recent profit margins may decrease in light of the nation's economic downturn and recent budget cuts in New Jersey."

New Jersey's 2008-2009 budget reduces the state's charity-care program by $111 million. Charity-care is reimbursed by the state because of a state law that requires hospitals to provide both emergency and elective care to uninsured and underinsured residents.

"More people are likely to lose health insurance in the wake of the economic downturn. An increased uninsured population coupled with the reduced charity-care reimbursement from the state will likely eat into any recent profits realized by southern New Jersey hospitals," noted Clancy.

Why Pharmaceutical Companies Need Market Overviews

Market Overviews provide a detailed analysis of local healthcare market drivers, allowing pharmaceutical executives to quickly gain local area expertise. In addition to the 75 MSAs covered in our individual market reports, HealthLeaders-InterStudy is producing the following NEW Market Overview reports in 2008:

Baton Rouge, La.

Cape Coral/Fort Myers, Fla.

Charleston, S.C.

Colorado Springs, Colo.

Columbia, S.C.

Lexington, Ky.

Madison, Wis.

Portland, Maine

Southern New Jersey

Spokane, Wash.

Springfield, Mass.

Wilmington, Del.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit http://www.HL-ISY.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.DecisionResourcesInc.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Lisa Osgood Elizabeth Marshall

HealthLeaders-InterStudy Decision Resources, Inc.

781-296-2606 781-296-2563

losgood@hl-isy.com emarshall@dresources.com


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Evolution Physical Therapy First Clinic in Southern California to Introduce NASA-Designed Anti-Gravity Treadmill for Public Use
2. Southern AIDS Living Quilt Project in Raleigh Tomorrow
3. Southern AIDS Living Quilt Project Coming to Miami
4. Southern AIDS Living Quilt Project Launch to Break Down Barriers
5. Southern Home Medical Announces Revenues Up 172% for the Month of August
6. ACS Facilitates Emergency Prescription Assistance Program Now Activated in Southern Louisiana
7. Fidelity Southern Corporation Names Brolly Interim CFO
8. Southern Home Medicals Encore Medical Staffing Division Poised to Benefit from Major Growth in Nursing Industry
9. Southern Home Medical Reports Its Encore Medical Staffing Division Increases Revenues by 63%
10. Vibra Healthcare Acquires two Hospitals in Southern California
11. J.D. Power and Associates Reports: A Vast Majority of Southern California Indian Gaming Casino Customers Express Desire for a Smoke-Free Environment
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/13/2016)... (PRWEB) , ... February 13, 2016 , ... ... School of Nursing with an in-kind gift of a VeinViewer® Vision vein ... as they learn how to start an IV and draw blood, combining technology ...
(Date:2/13/2016)... Montreal, Canada (PRWEB) , ... February 13, 2016 , ... ... best foot forward. They’ll groom themselves to perfection, go out of their way to ... their date – just take a look at any online dating profile. , ...
(Date:2/12/2016)... ... ... According to an article published February 4th on mySA, robotically ... hernia repairs throughout the United States. Commenting on this article, Beverly Hills hernia repair ... has not only been expected, but it seems to be a natural result of ...
(Date:2/12/2016)... ... ... The law firm of Morrow, Morrow, Ryan & Bassett is offering scholarships to ... to encourage applicants to pursue a degree in their field of study and upon ... “We have available jobs in St. Landry and Evangeline Parishes that can be filled ...
(Date:2/12/2016)... ... 12, 2016 , ... The Lymphoma Research Foundation (LRF) – ... serving the lymphoma community through a comprehensive series of education programs, outreach initiatives ... at its 10th anniversary Fashion Luncheon on Monday, February 8, 2016. The special ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... , Feb. 12, 2016  Eli Lilly and Company ... Court decided the Alimta® (pemetrexed disodium) vitamin regimen patent would ... the UK, France , Italy ... to dilute the product only with dextrose solution.  ... 2015, the UK Court of Appeal held that Lilly,s patent ...
(Date:2/12/2016)... 12 2016  OMS Supply, a large provider of ... announced today the recent launching of their new company ... of features that enhance the user experience and enable ... --> --> Despite ... company that started in early 2016, they have already ...
(Date:2/12/2016)... Feb. 12, 2016  Apellis Pharmaceuticals, Inc., ... $47.1 million Series D preferred stock financing, ... Hillhouse Capital Group and venBio Global Strategic ... AJU IB Investment, and Epidarex Capital. The proceeds ... further advance clinical trials in the Company,s ...
Breaking Medicine Technology: