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HealthLeaders Media Finance - April 12, 2010 | HCA's IPO Could Bring New Investors to Hospitals
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HCA's IPO Could Bring New Investors to Hospitals
Karen Minich-Pourshadi, Senior Editor-Finance
In a move that would signify the largest initial public offering (IPO) since Visa's 2008 offering, the Nashville-based hospital chain HCA, Inc. is allegedly preparing to raise at least $3 billion through an IPO. The move would help HCA pay off debt, according to Bloomberg news, which quoted two unnamed sources with knowledge of the matter. So, HCA first added to their debt by going from public to private with their landmark sale four years ago; now, it looks like they may be looking to help shrink their debts (which include that sale) by going from private to public.
[Read More]
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April 12, 2010
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Editor's Picks
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Six Ways Future Healthcare Will Emphasize Individualized Care
For the next phase of healthcare reform in the United States, leaders will place more emphasis on individualized care—people keeping themselves healthier and out of hospitals, and finding ways to help themselves better manage their own health. At least that's according to a new PricewaterhouseCoopers' HealthCast survey report. Part of this individualized care is related to what is included in the new healthcare reform legislation signed into law last month. Embedded in the reform package are provisions that increase emphasis on illness prevention, positive health outcomes, better coordination of care, and comparative effectiveness research, which includes personalized or customized medicine. PwC predicts that healthcare will be centered around a framework of six vectors that "customize diagnosis, care, and cure" for individuals. Find out what they are and what they mean for the future.
[Read More]
Prices Are Right
American consumerism is a force to be reckoned with. Turn a few hundred million of the world's most sophisticated shoppers loose on an industry, and watch companies scramble after their business. In realms from washing machines to stock trades, quality goes up and price comes down as companies look for an edge over the next guy to win customer dollars. Not in healthcare. Congress has overhauled the industry, but the revolution has largely been about increasing access to healthcare, not simplifying it. Remaining is the same opaque system of incentives—paying providers for more tests and procedures. And we lack even the most basic element of the free market: price information.
[Read More]
A Hospital Dies in Manhattan—Are More to Come?
When St. Vincent's Hospital Manhattan announced last week that it would be closing, the news wasn't especially surprising, but it was still a sad day for hospital leaders everywhere. The hospital has been struggling for years. With no buyers on the horizon, $700 million in debt, and in default on its Chapter 11 restructuring plan, the 160-year-old hospital made the inevitable decision to close. But what lead to this unfortunate closure? Our Leadership Editor Philip Betbeze gets to the bottom of things.
[Read More]
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Finance Forum
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An Industry in Flux: Five Quick Tips for Slashing Healthcare Costs
The mighty transition facing the healthcare industry can be intimidating, especially when healthcare organizations consider the potential for high expenses associated with changes to processes and workflow. But there are ways to mitigate these expenses and even reduce overall operational costs, with the added benefit of supporting staff through the changes and reducing the learning curve of new technology solutions.
[Read More]
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Finance Headlines
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Healthcare reform: What happens when
LCompensation.BLR.com - April 12, 2010
Will Retail Clinics Be a Key Player in Post-Health Reform World?
Cheryl Clark, for HealthLeaders Media - April 8, 2010
Nashville-based HealthSpring braces for Medicare Advantage rate freeze
Nashville Business Journal - April 12, 2010
Jackson Health sees drop in patient numbers
Miami Herald - April 12, 2010
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| From HealthLeaders Magazine |
Medical Breakthroughs That Will Change Healthcare
Here are the devices, treatments, and procedures that will change the delivery—and the business—of healthcare.
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Making Women's Health Work
Women's health is becoming more expansive and multidisciplinary, but there's no one-size-fits-all approach to success.
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Money Talk
A look at one hospital's struggles to improve
Lahey Clinic Medical Center, Burlington, MA
Rating: A+
Outlook: Stable
Affected Debt: $185 million
Agency: Standard and Poor's
Remarks: The shift from an A rating to an A+ rating reflects Lahey's strong and unique business position as a physician-led integrated multispecialty group practice and hospital, according to Standard and Poor's. Despite the competition of Boston's academic medical centers, Lahey has maintained a dominant position in its primary and secondary market areas, reflected by its improved level of financial performance through unaudited fiscal 2009 and continued utilization growth across most inpatient and outpatient service lines, reports Standard and Poor's. [Read More]
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Audio Feature
Strategies for Reducing Drug Spending: Find out how Virginia Commonwealth University Health System saved $2.5 million annually from its outpatient drug spending by working with a nonprofit group to qualify more patients for their appropriate prescription benefits and reducing their drug purchase costs through bulk purchasing.
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