HealthLeaders Media Global - October 14, 2008 | Global Hospitals Should Ready for Tough Financial Times
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Global Hospitals Should Ready for Tough Financial Times
Rick Johnson, Senior Online Editor
In the face of recent encouraging signs, economists are standing by predictions of a longstanding global recession. With consumer spending down and rising unemployment, you can expect that consumers will be cautious to part with their money. The conditions make it hard to speculate, but emerging global hospitals could face tough times, while established facilities try to stay afloat. [Read More]
    
 
October 14, 2008
 
Editor's Picks

Philippines tracks medical travel
BusinessWorld Online reports that the Philippines government is tracking data on in-bound medical travel. The article rightly points out that Americans are becoming more conscious of the health costs, but I'm not so sure I agree with the quote attributed to Tourism Secretary Joseph Ace H. Durano. "We feel this is one of our recession-proof markets," Durano says, according to BusinessWorld. In a worldwide financial crisis unlike any other, I don't think any sector can be called recession-proof. [Read More]
Taiwan hospital joins U.S. network
Companion Global Healthcare, a subsidiary of BlueCross BlueShield of South Carolina, continues to develop its network of JCI-accredited hospitals. Min-Sheng General Hospital in Taiwan is the latest to join Companion. Min-Sheng General is a 600-bed facility with 106 physicians. Min-Sheng General is the eleventh hospital to join Companion Global Healthcare's network. [Read More]
Healthcare costs: A market-based view
In the U.S. we increasingly spend more for healthcare and get less—and Americans are not alone in this respect. The McKinsey Quarterly asks, "What will have to change to prevent health care from devouring half of a national economy?" [Read More]
Hospital executive brings leadership insight overseas
A New Jersey hospital executive earlier this year spent time gaining new insights, and sharing his own, about healthcare leadership. Executive director of Saint Barnabas Medical Center in Livingston, NJ, John F. Bonamo, MD, spent nearly a week in Beijing, China, teaching hospital CEOs and managers how to be more effective leaders. The trip was part of an exchange program, through which several Chinese physician leaders will visit Saint Barnabas next month. [Read More]
Global Health Headlines

Family doctors in England agree new pay deal
The Guardian - October 14, 2008

Four hospital officials arrested in Virgin Islands
AP/Miami Herald - October 8, 2008

China hospital bosses fired in new baby death scandal
Yahoo! News - October 7, 2008
From HealthLeaders Magazine
Model for Success
Running a medical group has never been more complex. But many practices have found ways to not only survive?but thrive. [Read More]  
Audio Feature
Domestic Medical Travel: Ronald Miles, MD, a cardiothoracic surgeon, talked to me recently about Aspirus Wausau (WI) Hospital's strategy to expand its target area by participating in a domestic medical travel network. Aspirus Wausau is one of a handful of U.S. hospitals trying to compete for consumers using a value-based approach to medicine. [Listen Now]
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