HealthLeaders Media Finance - September 8, 2009 | The Art of Balancing Risk View as a Webpage | Subscribe for Free
The Art of Balancing Risk
Michelle Ponte, Senior Editor-Finance

Just a few short years ago alternative investments such as hedge funds weren't the dirty words they are today. They "were rock stars" between 2004 and 2007, says Ivy Bibler, senior vice president and senior healthcare advisor at Bank of America in Orlando, FL. But those rock stars turned into county-fair performers in 2008, helping trigger some of the most significant hospital investment losses ever. [Read More]

  September 8, 2009

 
Editor's Picks
Fulton County, GA, commission to give Grady $10 million to meet payroll
Cash-strapped Grady Memorial Hospital in Georgia is going to get a much-needed shot in the arm. A divided Fulton County Commission agreed to give the hospital $10 million to help the hospital meet payroll next month. Without the cash infusion, hospital officials said Grady's line of credit would be gone by mid-October and would lead to the system's financial collapse. [Read More]
How to Stop Rising Healthcare Costs
Reducing healthcare prices won't actually bend the long-term health cost curve downward, according to a recent report. Instead, President Obama and Congress should use more aggressive reforms that will slow spending growth while improving quality. The report suggests a foundation for improving value would feature all stakeholders gaining better information and tools, while provider payments should be linked to quality and reducing costs. [Read More]
Medicare Addresses Payment Concerns Related to H1N1
To answer questions about how to give and get reimbursed for care during a disaster, federal health officials have issued an extensive and updated list of answers to 132 questions on topics ranging from H1N1 influenza to mental health counseling. The feds explained that CMS will reimburse providers for administration of vaccines for both seasonal and novel H1N1 vaccines, but if the federal government provides the individual vaccine doses at no charge, the providers may not be reimbursed for the vaccine's cost. [Read More]
Hospitals may benefit under healthcare reform
Hospitals could gain billions over a decade from healthcare reform, according to the American Hospital Association. There has been much debate about whether hospitals will lose money through health reform, but the report noted that hospitals would pick up more reimbursements through the newly insured that would more than offset the proposed cost cuts. [Read More]
Finance Forum
Perseverance Can Result in New Business
With the announcement of the Department of Defense TRICARE contract awards, contributors Scott Honiberg and Jeff Weinstein of Potomac Health Associates discuss issues affecting some of the largest healthcare contracts—not only in the federal marketplace, but in the entire domestic U.S. healthcare industry. [Read More]
Finance Headlines
HMO claims-rejection rates trigger California investigation
Los Angeles Times - September 4, 2009
Will safety net hospitals survive health reform?
AP/Yahoo News - September 8, 2009
MACs vs. RACs: Could Competition Mean More Bad News for Providers?
Andrea Kraynak, for HealthLeaders Media - September 4, 2009
Eliminating Fees for Overlapping Services Could Save Millions for Medicare
Janice Simmons, for HealthLeaders Media - September 3, 2009
Top 20 execs at Miami-based Jackson Health System to volunteer for pay cuts
Miami Herald - September 3, 2009
Health Coverage Does Not Protect Against Incurring Medical Debt
Cheryl Clark, for HealthLeaders Media - September 1, 2009
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From HealthLeaders Magazine
Hang On
HealthLeaders August 2009 Get ready for the failure of the HIT stimulus dream, episode of care contracting, the end of easy credit, and a public plan. [Read More]
Service Line Management
Making Wellness Work
Wellness and weight loss programs aren't major revenue generators, but healthcare reformers know they cannot effectively control costs without focusing more on prevention. [Read More]
Money Talk

A look at one hospital's struggles to improve

Adventist Health System, Winter Park, FL
Rating: A+
Outlook: Positive
Affected Debt: $333 million
Agency: Standard & Poor's
Remarks: Outlook revised from stable due to a solid operating performance and cash flow, as well as conservative investments.
[Read More]
Audio Feature

Making the Business Case for Electronic Swipe Cards: With new national standards paving the way for broad deployment of electronic swipe cards, insurers are doing a massive rollout. Dr. Leonard Wilkerson, UnitedHealthcare's chief medical officer for the Central Region, says the insurer has rolled out 20 million cards to members this year and estimates the technology could save hospitals and physicians more than $1 billion a year. [Listen Now]
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