An analysis of New Jersey hospitals' financial health in 2007 showed they were hurting even before the economy went really sour, the New Jersey Hospital Association said yesterday.
Average margins - the equivalent of profit - for 53 hospitals and health systems were slim. About half of them posted losses for the year, according to the organization's annual report on the financial condition of the state's hospitals.
The report analyzed aggregate figures and did not list individual hospitals. It did crunch the numbers by size, type and location of hospitals. Major teaching hospitals, facilities in the suburbs, and hospitals with 400 or more beds were the healthiest.