Update: McCain Selects Gov. Sarah Palin as Running Mate

[Schneed10]

Originally Posted by GhettoDogAllStars

If they can't make a profit they would close. Why on earth would a business stay open if it's "impossible" to make a profit?

Many are indeed closing for that exact reason. In Philadelphia, we recently lost Medical College of Pennsylvania, Parkview Medical Center, and Temple University Children's Medical Center just to name a few.

Others that aren't actually closing are shedding programs that lose money, most notably OB/GYN. There are now only 2 hospitals in North Philly that deliver babies. Five years ago, there were 11.

The hospitals still standing are the ones that either manage to break even (or better) or continue to believe that they can break even with some programmatic changes and key strategic investments (which is what I do).