Those with healthcare jobs in Rhode Island may be affected by the information released in a new report.
The Rhode Island Department of Health recently released The Health of Rhode Island’s Hospitals, a report that details the financial performance of the state’s 13 hospitals from 2005 to 2008. The report found that even though Rhode Island hospitals were more profitable than others in the Northeast in 2007, the financial performance of local hospitals declined during 2008.
Overall, hospitals in Rhode Island saw a 12 percent loss in net worth during 2008, which can mostly be attributed to losses in their investments as opposed to declines in patient revenue. In fact, patient revenue increased 6 percent from 2007 to 2008.