Biomedical subjects
Publications and source records attributed to D Bellandi.
1998 wasn't quite as busy a year for hospital dealmakers as 1997, but those who went shopping bought in volume. Although the number of deals decreased by almost 9%, 687 hospitals changed hands last year, according to our fifth annual tally of merger and acquisition activity.
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Tighten your belt and hold onto your wallet: Another year of change looms for healthcare. In a 1999 outlook report, our staff tells all about Medicare cutbacks, managed-care turbulence and a looming crisis in skilled nursing. And everyone is braced for the appearance of that ugly year-2000 computer bug.
A major downsizing is under way in the hospital industry. Hospitals are laying off thousands of workers and closing down a variety of services. Facilities cite the usual suspects for taking such drastic action: managed care, reimbursement changes in federal healthcare programs, plummeting inpatient loads and consolidation. This is the first in a two-part series on financial turmoil in the industry.
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A federal whistleblower lawsuit unsealed last week alleges widespread Medicare fraud at two of the nation's largest for-profit hospital companies, Columbia/HCA Healthcare Corp. and Quorum Health Group--both relatives of Hospital Corporation of America. The case shows how hospitals' legal troubles have spread since the advent of Medicare's prospective payment system in 1984.
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As Catholic and non-Catholic hospitals pursue mergers or partnerships with one another, the facilities are discovering a major culture clash, prompting a new set of operating rules. At the heart of it all are prohibitions the Catholic Church slaps on certain reproductive services, such as tubal ligations, abortions and some fertility programs. Sometimes the hurdles prove insurmountable.
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