Decline in Hospital Spending

[RedEarth]

Hologic: Decline in Hospital Spending
by CalculatedRisk on 1/12/2009 10:03:00 AM
This is interesting because medical spending is frequently considered recession proof ...

From Hologic Press Release:

"This year will be challenging for our entire industry, as many drivers of our business remain uncertain," said Jack Cumming, Chairman and Chief Executive Officer. "The severe and rapid economic downturn, result in a decline in hospital spending ... we witnessed an unprecedented decline in demand for capital equipment at the end of the quarter ... Hospital systems across the country have responded to tightening access to capital by restricting capital expenditures, implementing tight spending controls and reducing personnel."

http://www.calculatedriskblog.com/2009/01/hologic-decline-in-hospital-spending.html

[quidam56]

1. Health care in Tennessee is pretty screwed up..

The advertisements just don't add up to the facts on what really is THE ACCEPTABLE STANDARDS OF HEALTH CARE on record in East Tennessee, "horrifying" health care = "acceptable" health care. http://www.wisecountyissues.com Profit care comes ahead of Patient care in America !