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NJ Hospital In Financial Duress Given 24 Hours To Draw Up Disaster Plan NJ Hospital In Financial Duress Given 24 Hours To Draw Up Disaster Plan
NJ Hospital In Financial Duress Given 24 Hours To Draw Up Disaster Plan A beleaguered hospital in Essex County has just 24 hours to draw up a financial disaster plan, the state Department of Health ordered. In a letter sent to Carewell Health Medical Center in East Orange, Gene Rosenblum, the director of the Office of Program Compliance paints a dire financial picture for the hospital. CareWell Health Medical Center has low cash on hand, maintains negative operating margins and has cited other issues with emergency cash flow, he said. The hospital has not made any payments for the entire fiscal year for the assessments it owes the Department of Health, accordin…

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by Sam Barron