First few Article Sentences
New figures published by the California State Office of Statewide Health Planning and Development (OSHPD) indicate the financial health of California hospitals may be improving. The figures, summarized on page 2, show that only 12 of the largest 50 hospitals reported losses for the period October 1, 2008 through September 30, 2009. This compares favorably to the data published by OSHPD for the prior year twelve month period (October 1, 2007 through September 30, 2008 - not shown) where 19 of the largest 50 hospitals posted losses.