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HealthLeaders Media Finance - February 15, 2010 | Five Healthcare Leaders Weigh-In on Rising Charity Care
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Five Healthcare Leaders Weigh-In on Rising Charity Care
Karen Minich-Pourshadi, Senior Editor-Finance
Nearly 80% of hospital financial leaders surveyed in the HealthLeaders Media Industry Survey 2010 expect uncompensated care numbers to worsen in the next year. It's hardly a bad case of pessimism on their part. With no signs that healthcare reform legislation will pass anytime soon, what are financial leaders to do when they see their costs rise while their revenues decline? Moreover, how do you strive to improve your patient-centered care and customer services when you have fewer resources to use? In part one of this two-part series, CEOs answer how they and their teams are addressing uncompensated care at their facility.
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February 15, 2010
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Editor's Picks
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Healthcare CEOs Focusing on the Now
What keeps CFOs up at night aren't necessarily the same things that keep their bosses awake. Consider just one of the findings in the HealthLeaders Media Industry Survey 2010, which notes that CEOs are less concerned about quality and patient safety this year than last year. Find out what other long-term goals are dropping in importance in favor of initiatives that can bring near-immediate returns.
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Quality, Physician Recruiting Lower on CEOs' Priority Lists
Most CFOs know it's best to stay ahead of their bosses when it comes to anticipating their hospital's financial needs. Certainly, knowing what your CEO's new priorities for 2010 are will help. It might also help to know what influences a physician's decision on tests and procedures. Answers to these and many other questions are available by viewing the new HealthLeaders Media Industry Survey 2010.
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With healthcare reform stalled, debate heats up regarding state approaches
Should each state come up with their own healthcare reform plan? There's some momentum gaining on that idea, as national legislation stalls in Congress. But would having the individual state craft their brand of reform be a blessing or a fiasco? The Washington Post takes a look at this issue, and it's well-worth the read.
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Finance Forum
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TRICARE Protests: Round 2
For organizations interested in federal healthcare contracting, the lessons from a series of TMA contracts and the protests that followed continue to be learned and, in some cases, forgotten. As the saying goes, "it ain't over until the fat lady sings"—and she's still waiting in the wings.
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Finance Headlines
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Report: Mass. health premiums continue to rise
Boston Globe - February 15, 2009
White House Earmarks Nearly $1B for Healthcare IT, Future Jobs
Joe Cantlupe, for HealthLeaders Media - February 12, 2010
MA-based Partners HealthCare's investment gains make drop in operating income bearable
Boston Globe - February 15, 2010
St. Vincent's Hospital Manhattan lays off 300
New York Times - February 15, 2010
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Sponsored Headlines
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| From HealthLeaders Magazine |
Beyond Meaningful Use
Technology can help the healthcare industry achieve better outcomes and cost savings, but only if providers incorporate decision-support tools and a coordinated approach to delivering care.
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| Service Line Management |
Imaging After the Recession
After freezing capital spending during the recession, hospitals are investing in imaging again. But reimbursement cuts and reform have changed the focus of the service line.
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Money Talk
A look at one hospital's struggles to improve
Bloomsburg Hospital, PA
Rating: CCC
Outlook: Stable
Affected Debt: $13.57
Agency: Standard & Poor's
Remarks: The hospital's long-term rating was lowered from 'B-' to a 'CCC' on Columbia County (PA) Hospital Authority's $13.57 million series 1999 healthcare revenue bonds, issued for Bloomsburg Hospital. The rating was due in part to a significant weakening of an already thin balance sheet with only 12 days cash on hand and 10% cash-to-debt as of Sept. 30, 2009.
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Audio Feature
Offsetting Uncompensated Care: Nancy Schlichting, CEO for the Henry Ford Health System in Detroit, MI, discusses how their system is working to offset the financial losses of rising numbers of uncompensated care.
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