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Recession Taking Toll on Hospitals
by Jon Greenberg on
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Eighty-five percent of New Hampshire hospitals continue to experience declining financial health as a result of the economic recession, despite implementing such cost-saving measures as cutting administrative expenses and staff, according to a survey released today by NHHA.
The majority of hospitals reported increases in the number of uninsured patient visits to their emergency departments (60%), uncompensated care (70%) and the number of patients covered by Medicaid or other public programs for low-income populations (53%). Also, 43% reported that their ability to access capital to make facility upgrades and clinical and information technology improvements has not improved, while 48% said it is getting worse.
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Declining home prices continue to help residential sales in New Hampshire. Prices are down about 11 percent and sales for the year are a hair above what they were in 2008.
Real estate agents are pleased with the October numbers. After a grim period stretching from last fall to early spring, there’s been a consistent if modest upward trend. The number of homes sold last month rose compared to this September and compared to October a year ago. The data come from the New Hampshire Association of Realtors.
The state unemployment rate fell 4-tenths of a percent in October.
Unemployment dropped to 6.8 percent. The decline caught most analysts by surprise. Usually, when the national rate rises, as it did, so does the state’s.
Economist Annette Nielsen with the labor market information bureau says the job growth is real. The rate is not due to lots of people dropping out of the labor force. But Nielsen takes a cautious view.
Nielsen: "I would like to see a couple of months before I would definitely say this is what’s going on."
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