The Wednesday New York Times (Oct. 15, 2008) cites HFMA President and CEO Richard L. Clarke and National Chairman-Elect Catherine A. Jacobson in an article on the effects of disappearing credit on hospitals.
In the article, Clarke notes that hospitals “are not immune” from the current squeeze on credit, as they are in the same position as any other business in relying on credit for capital projects and to maintain overall liquidity.
Jacobson, senior vice president of strategic planning & finance, CFO, and treasurer for Rush University Medical Center in Chicago, discusses the impact of the financial crisis on her organization’s existing debt and its investment portfolio. But she also notes that Rush recently broke ground on a major new construction project and plans to move ahead with it.
