The economy in the Fall of 2008, what does that mean for health care?

Recent studies touted that one-third of hospitals are in the red, one-third are living off investment income, and one-third of facilities are in the black. The recent nearly 800-point drop on Wall Street (followed by a 500-point rebound the very next day) certainly highlights the precarious nature of the dependency on “bottom-bottom line” earnings for future growth, or at least continued survival.  This certainly is not the “Go Go 80s”. Organizations now need to look to their Governance for leadership on their Investment Committee (or similar) to right their financial investment strategies and implement new and better short-term tactics. More than ever, the need to control the controllable, and aggressively monitor day-to-day operations should be top of mind with C-Suite executives and be the priority focus for front line supervisors.