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Healthcare: Recession-proof No More

Healthcare: Recession-proof No More

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The truism that the healthcare sector of the economy is recession-proof is being put to the test. Even though many healthcare services are not discretionary and will be delivered even in the midst of this economic downturn, not all healthcare providers will weather the storm. The current environment offers hospitals both challenges and opportunity. Healthcare was one of the only sectors of the economy to add jobs in the fourth quarter of 2008, yet the number of management layoffs at hospitals has been increasing since last summer.