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Hospitals struggle to maintain revenues
- Article from:
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Vermont Business Magazine
- Article date:
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June 1, 2008
- Author:
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Copyright informationCopyright Boutin-McQuiston, Inc. Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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Most businesses would not have a price disparity that accepted a 60 percent bill payment from some clients while charging others as much as 132 percent of their payment. Neither would a viable business seek donations to stay afloat. It is also unlikely that any business would plan its annual budget in expectation that the people it serves really don't improve their lot, because that would mean less revenue.
While these may seem like unsound business practices in the general world of planning, an annual budget is commonplace for the Vermont hospital industry. This sector of the economy, one that continues to grow and provide jobs for our citizens, is limited by a variety of operating ...
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