Medical Center sees decrease in patient admittance in 2009
By Katie Bo Williams | April 15, 2009Although the Medical Center saw a 4.5 percent drop in patient admissions since January for the 2009 fiscal year, its revenue stream is still on pace to surpass the previous fiscal year?s.Larry Fitzgerald, the Health System?s chief financial and business development officer, said because of the economic situation, most hospitals across the nation are generating lesser revenue compared to previous years.?It is my impression that virtually all academic health centers and virtually all hospitals are experiencing activity in their hospitals that is less than it was in previous years as the result of the economic recession, high unemployment, individuals losing their heath insurance benefits, and individuals being resistant to paying co-insurance deductible amounts,? he said.
