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...technology created huge demands for money. Traditional revenue sources, such as philanthropy, tax-exempt bond issues and other public subsidies, are no longer enough. Between 1980 and 1990, U.S. hospitals will have to spend an estimated $150 billion on plant and equipment. Says Shephard Plotner, executive director of the Forkosh Memorial Hospital in Chicago: "It is going to be increasingly difficult for independent hospitals, particularly the smaller ones, to survive...

Author: /time Magazine | Title: Prescription for Profits | 7/4/1983 | See Source »

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