HealthLeaders Media Finance - May 3, 2010 | Healthcare Reform: Moody's Report Indicates Hospitals May Take It on the Chin View as a Webpage | Subscribe for Free
Healthcare Reform: Moody's Report Indicates Hospitals May Take It on the Chin
Karen Minich-Pourshadi, Senior Editor-Finance

This recession has been a fight for most people and businesses. However, it seems the healthcare system in particular is taking a one-two punch. First, there was the variable bond market disaster, which nearly bankrupted many facilities (Pow!), then there was the healthcare reform act (Wham!). The worst part is yet to come: most facilities haven't felt the sting of the second hit yet. Unfortunately a few hospitals are going to take this one on the chin (KO!). [Read More]

  May 3, 2010

 
Editor's Picks
Financial Penalties for BIDMC CEO Paul Levy Don't Undo Damage
The personal failings and bad judgment of Paul Levy, CEO of Beth Israel Deaconess Medical Center in Boston, is causing a buzz in healthcare. HealthLeaders Media Editor Phil Betbeze takes a look at how these types of scenarios play out and asks: How does this situation disrupt a CEOs ability to lead? [Read More]
Are Concierge Medical Services on the Upswing?
HealthLeaders Media Editor Joe Cantlupe takes a look at what may cause some primary care doctors may pursue next. He checks in with longtime pediatrician, Natalie Hodge, MD, who founded Personal Medicine, a concierge medical service that avoids third-party payers as much as possible and adds its own unique touches, like specialization in house calls and thriving on "virtual" communication. [Read More]
Finance Reform Bill Could Increase Big Payouts to Whistleblowers
A provision in the financial reform legislation now before Congress could lead to an increase in multi-million dollar awards to whistleblowers, prompting more government enforcement actions and increasing pressure on companies to report misconduct early. Find out how this ties into the False Claims Act. [Read More]
Breakthroughs: The Impact of Personalized Medicine Today
Take a look at how progressive health systems, medical researchers, and physicians are working together to bring the practical benefits of personalized medicine to the frontlines of healthcare delivery. Beth Israel Deaconess Medical Center, The Ohio State University Medical Center, Partners HealthCare, and Vanderbilt University Medical Center share insights and the lessons learned that will help you explore the current and near-term impact of personalized medicine, determine whether your healthcare information technology foundation is ready for the opportunity, and see where lab research and clinical practice are overlapping. [Learn More]
Finance Forum
Tort Reform: Has it Helped the Medical Community?
Much has been made over the past couple of years nationally regarding individual state's various versions of tort reform. Many in the healthcare industry have probably asked whether it has done much to negate lawsuits, lower medical malpractice premiums, and positively impact the medical environment. With the recent healthcare bill doing very little to help with tort reform and hence encouraging fewer lawsuits, individual state's tort reform legislation could be more important than ever. [Read More]
Finance Headlines
Report shows mixed financial picture for Massachusetts health insurers
Boston Globe - May 3, 2010
Can overhaul law save Medicare?
Associated Press - May 3, 2010
Lessons from health bill apply to financial reform
Associated Press - May 3, 2010
Why physicians oppose the healthcare reform bill
Forbes - May 3, 2010
Aetna's net income is up 29%, operating earnings down
Hartford Courant - April 30, 2010
Hospital cuts hit New York City healthcare workers
New York Times - April 29, 2010
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Money Talk

A look at one hospital's struggles to improve

Leesburg (FL) Regional Medical Center
Rating: BBB+
Outlook: Negative
Affected Debt: Not stated
Agency: Standard & Poor's
Remarks: rating outlook to negative from stable on Leesburg's series 2002 and 2003 hospital revenue bonds and affirmed its BBB+ rating on the bonds. The outlook revision reflects the hospital's three consecutive years of declining operating performance coupled with soft nonoperating income generating weak maximum annual debt service coverage.
Audio Feature

The State of HSAs: Martin Trussell, senior VP of business development at First Horizon Msaver, talks about the state of HSAs and how health reform will affect them. [Listen Now]
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