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Massachusetts Health System Closing Hospital Facilities

Written by Staff
Friday, 02 January 2009
Cambridge Health Alliance plans to close facilities and layoff employees, according to the Boston Business Journal.
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Top 10 Hospital Stories of 2008

Written by Mark Taylor
Tuesday, 30 December 2008
Healthcare observers were split between the November elections and the economic downturn as their choices for the top hospital stories of the years. Both impacted hospitals in multiple ways and will continue to exert influence on hospital finances and operations and access to quality hospital care for years to come. While the obvious top choices were related to the economy and the elections, laws, regulatory and reimbursement changes, executive turnover and government inaction also impacted hospitals in 2008. Surprisingly, there were no ground-breaking qui tam lawsuits, civil settlements or criminal cases making the list, nor were there any huge healthcare transactions like last year's $5.1 billion purchase of Triad Hospitals by Community Health Systems. Here are the choices of top healthcare industry leaders for the stories that affected hospitals the most in 2008.
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Recession Triggers Rise in Medicaid Applications

Written by Staff
Tuesday, 23 December 2008
As unemployment rises and the country's recession continues, many states are seeing increases in Medicaid applications as tax revenues are falling below projections, according to The Associated Press.
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New York Healthcare Faces $3.5 Billion in Cuts Under Governor's Budget Proposal

Written by Staff
Wednesday, 17 December 2008
New York Gov. David Paterson has proposed a 2009-2010 executive budget that includes $3.5 billion in healthcare spending cuts and taxes.
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Hospital's Cost for Cardio Care Up 40% Within Past Decade

Written by Staff
Monday, 15 December 2008
The cost to treat the top six most common cardiovascular conditions such as heart attacks and clogged arteries cost U.S. hospitals $57.9 billion in 2006 — about 40 percent more than in 1997, according to the Agency for Healthcare Research and Quality (AHRQ).
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Illinois Hospital Opens New Ambulatory and Endoscopy Center

Written by Staff
Monday, 15 December 2008
Advocate Good Samaritan Hospital in Downers Grove, Ill., has opened a new 17,000-square-foot ambulatory and endoscopy center, according to a press release from the hospital.
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5 Key Concepts from the William Blair & Company Survey of Hospital Administrators

Written by Scott Becker, JD, CPA
Tuesday, 09 December 2008
This article briefly highlights five concepts from the William Blair & Company survey of hospital administrators. The survey included discussions with 27 administrators and 10 senior executives and specifically focused on capital spending and the impact on companies such as Intuitive Surgical (the DaVinci Robotic), Stryker Corp. and TomoTherapy (linear accelerators). The report was issued on Dec. 3. The report was extremely informative and intelligently done.
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William Blair & Company Issues Capital Equipment Spending Report Based on Survey of Hospital Admins

Written by Staff
Tuesday, 09 December 2008
William Blair & Company has issued a report discussing the results of a survey of hospital administrators seeking insights on volumes, reimbursement, and Stryker, Intuitive Surgical and TomoTherapy.
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In the News: Hospital Delays Deal, Announces Layoffs

Written by Staff
Friday, 05 December 2008
Citing the slumping economy, Caritas Christi Health Care and Ascension Health of St. Louis have put on hold a $100 million financing deal, according to the Boston Globe.
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Federal Government Won or Negotiated $1.8 Billion in 2007 in Fraud Judgments and Settlements

Written by Staff
Friday, 05 December 2008
During fiscal 2007, the federal government won or negotiated approximately $1.8 billion in judgments and settlements in healthcare fraud cases and proceedings, according to the annual report of the Health Care Fraud and Abuse Control Program (HCFAC).
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Cleveland Clinic Discloses Physicians' Business Relationships

Written by Staff
Thursday, 04 December 2008
Cleveland Clinic has made the business relationships of its physicians visible online as part of its commitment to transparency.
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