erning’ dataCarePoint Health - Hoboken University Medical Center The state Department of Health has warned city and state officials that Hoboken University Medical Center is in financial distress, and noted that CarePoint Health System’s other Hudson County hospitals, Christ Hospital in Jersey City and Bayonne Medical Center are facing similar difficulties.
The Department of Health letter was a warning of sorts, noting that the hospital requested an advance of state subsidies for a second straight year, “citing emergency cash flow and other financial issues.” The letter also states the hospital has been operating at a 14% loss and that hospital vendors are waiting nearly six months to be paid.
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