Biomedical subjects
Publications and source records attributed to J Nemes.
Hospital finance executives who think it's impossible for employees to steal cash from a well-run business office should think again. Internal auditors say that even with the most secure checks and balances, some hospitals still could fall victim to crafty employees who find ways to beat the system and draw cash or checks from the facility for their personal use.
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The tough operating environment facing hospitals in the next decade should mean more business for hospital management companies. When hospitals run into financial turbulence, many boards look to management firms for the right pilots to guide their facilities back to profitability. But even healthy hospitals are looking to the management sector to help them steer clear of problems.
Fueled by low interest rates and competitive construction costs, the Massachusetts Health and Educational Facilities Authority recorded its heftiest fiscal year ever in new tax-exempt bond issues for hospitals and universities. The authority issued $1.25 billion in debt during its fiscal year ended June 30. Healthcare-related bonds accounted for two-thirds of the total.
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New York state hospitals considering the sale of tax-exempt bonds as early as next year might find it easier to get to market, said the new executive director of the New York State Housing Finance Agency, which oversees the organization that acts as a conduit for not-for-profit hospitals wanting to issue bonds. Among the new exec's priorities is the streamlining of the state's cumbersome bond-pricing process.
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By completing the first part of a two-part debt restructuring, Medlantic Healthcare Group has taken another step toward regaining the top-flight debt rating that it had as recently as three years ago. The effort comes one year after the hospital system overhauled its corporate structure to create a more efficient organization and shed itself of unprofitable operations.
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Explore the source record for details and available documents.
Explore the source record for details and available documents.
Explore the source record for details and available documents.
Explore the source record for details and available documents.