More than numbers. Analysts assess executive character, financials to determine credit ratings.
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Biomedical subjects
Publications and source records attributed to A Saphir.
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With the start-up of the new outpatient prospective payment system a little more than a month away, hospitals are busy trying to determine how the PPS will affect their bottom lines. Joanne Tucker (left), a vice president at a California hospital, is among those who expect a revenue loss. But others say the changeover looks like a positive development. The biggest burden could be preparing for the system's implementation.
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Healthcare systems' earnings performance last year was tied to their ownership status. For-profits saw an increase in earnings even though revenue decreased slightly. But not-for-profits' margins declined, even though those systems posted a robust increase in revenue. Those are among the findings of Modern Healthcare's revamped "Hospital Systems Survey."
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Much of the nursing home industry lies in financial ruins today, but that hasn't stopped a small but growing number of start-ups from moving in. Former executives of some of the for-profit nursing home companies that have filed for bankruptcy protection are hoping to pick up the pieces. They're using their industry expertise to launch companies backed by venture capital.
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Psychiatric hospitals are closing in droves. Last year alone, at least 75 were shuttered, up sharply from the previous year. And psych hospitals collectively lost $254 million in 1998. To reverse the sector's fortunes, providers are focusing on consolidation and specialty services. "Mental health isn't glamorous," says David Moulthrop (left), CEO of a Wisconsin psych hospital. "But there is a future, though the pie has shrunk."
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