«Instead of gambling on costly outside consultants to turn troubled institutions around, de Blasio will work to partner financially - strained institutions with flagship hospitals here in the city that can help pool resources, share best practices, and improve quality of care,» he writes. (politico.com)
It gave the deposit insurers emergency powers to aid troubled institutions that were closed, insolvent, defaulting, and / or experiencing severe financial conditions that threatened the stability of the financial system. (federalreservehistory.org)
«Previous studies have also noted that the financial condition of the most troubled institutions is, to a large extent, a product of an inefficient expense structure, revenue challenges associated with a patient mix that approaches 90 percent public payers and charity care, and overwhelming liabilities (including debt issued long ago for physical plant improvements that, in some cases, are obsolete),» the health department said in its announcement. (politico.com)