HealthLeaders Media Finance - August 20, 2007 | Providers Should Worry, Not Docs View as a Webpage | Subscribe for Free
Providers Should Worry, Not Docs
Philip Betbeze, Senior Editor-Finance

Based on a controversial physician payment formula, CMS proposed last month that doctors get a 10 percent haircut in Medicare physician fees for 2008. History shows that cut almost certainly won't stick. But money has to come from somewhere, and Tom Scully, for one, believes providers will likely take the hit.
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  August 20, 2007

 
Editor's Picks
Children's health bill loaded with hospital 'pork'
So much for Democrats' promises to clean up Congress's penchant for providing anonymous earmarks to representatives' pet projects. In the latest children's health bill to come out of the House, the New York Times found that about 40 hospitals will get a bigger slice of Medicare funding thanks to cryptic language that reclassifies some hospitals into big city, high cost-of-living areas. The bill does not identify the hospitals directly. [Read More]
What a concept: Companies are insourcing healthcare
It's funny and a little ironic that companies that have been such big fans of outsourcing many functions lean the opposite way on healthcare. In fact, insourcing is perhaps the best way to describe what's happening with much routine healthcare at the nation's largest companies, which are increasingly setting up or expanding on-site health clinics. Why are they doing it? The same reason they outsource. It saves money. [Read More]
Texas Health Resources planning hospital in suburban Dallas
In an increasingly common practice, Texas Health Resources plans to build a new 130-bed hospital in suburban Dallas that will be a joint venture with physicians. The hospital will involve some 100 local physicians in ownership. THR will use the planned facility as a referral hospital for its Presbyterian Denton hospital. [Read More]
Difficult future could be ahead for health insurers
A quantitative survey on TheStreet.com predicts an increasingly difficult near- and medium-term prognosis for health insurers as they are squeezed by growth in medical costs (a.k.a. claims) and by their over-reliance on a Medicare Advantage book of business. MA could provide a juicy target for the Democratic Party if, as expected, it further adds to its elected ranks in the 2008 elections. [Read More]
Finance Forum
The Next New Thing: Revenue Circle Management
With healthcare's business landscape changing by the day, contributor Preston Gee says hospital leaders need to take an innovative approach if they want to maintain market share. [Read More]
Finance Headlines
Chicago's Rush, Blue Cross fighting about prices again
Chicago Tribune - August 20, 2007
California Blue Shield to pay $31M in physician group bonuses
San Francisco Business Journal - August 20, 2007
HCA settles insider trading suits for $20M
The Tennessean - August 20, 2007
Sale failure means HealthSouth might have to enter real estate
Birmingham News - August 20, 2007
Upcoming Events
HealthLeaders Media News - August 20, 2007
From HealthLeaders Magazine
What All Great Hospitals Do
HealthLeaders August 2007 Think you're headed for the top floor? Are you sure? [Read More]
Money Talk

A look at one hospital's struggles to improve

Southern New Hampshire Medical Center, Nashua, NH

Rating: A-
Outlook: Stable
Affected Debt: $89 million
Agency: Standard & Poor's
Remarks: Lowered outlook from positive due to additional balance sheet pressure and lower than expected FY 2006 operating results. However, hospital exhibits growing volumes and market share.
[Read More]
Audio Feature

No Experience Required: Jack Fleischer, a 29-year veteran of the cutthroat world of retail, is now responsible for procurement for New York Presbyterian Hospital. Fleischer, who came to New York Presbyterian in 2004, is one of many senior-level executives recently hired in healthcare with no history inside the business.
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