HMA feels fallout from '60 Minutes' story
The negative impact of a "60 Minutes" story was seen Monday in shares of Health Management Associates, with the hospital chain's stock down nearly 6% in trading. Health Management was at $7.50 at the close, a day after the CBS News magazine show aired a story criticizing HMA's admission practices. It featured a number of former HMA employees who said on the record that there was pressure to admit patients from emergency rooms into the company?s hospitals to maximize profits. Two doctors, an administrator at one hospital, an executive vice president of the chain and the company's compliance director—all former employees—were interviewed for the segment, which contended that HMA's profit-oriented admission practices were systemic.
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Top-Ranked MA Plans Earn Their Stars
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- 4 Tips for Managing Employed Physicians
- Defensive Medicine Still Prevalent Despite Tort Reform
- 'Overtreatment' Debate Circles Back to Lung Cancer Screening
- WellPoint Dominates Nearly Half of Markets, AMA Says