Pages from the Past
Some Economic Problems Affecting Hospitals Today
and Suggestions for Their Solution
Malcolm T. MacEachern, M.D.
Originally presented at the Western Hospital Association, the paper was published in The Bulletin of the American Hospital Association in July 1932. Dr. MacEachern summarizes hospitals’ “seriously critical” situation: “Stock crashes, bank failures, frozen assets, depreciated earnings, diminished benefactions, together with lessened payment by patients and decreasing departmental earnings and all that comes in the wake of these, have depleted the hospital treasury.”
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