Pa. appeals rate ruling to Supreme Court.
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Biomedical subjects
Publications and source records attributed to K Pallarito.
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After regressing under the control of Avon Products, the Mediplex Group is back with its original managers. In only one year, they've taken several steps to bring about a rebound by the chain of skilled-nursing, rehabilitation, psychiatric and substance-abuse treatment facilities.
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Tax-exempt healthcare bond volume soared 89.6% in the third quarter to $5.9 billion as hospitals took advantage of lower interest rates and anticipated a change in Internal Revenue Service rules regulating "reimbursement bonds." A total of 174 bond issues were sold during July, August and September, 82% of them were sold to finance construction and renovation projects.
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As skepticism mounts over hospital spending practices and competition heats up for donor dollars, hospitals are sharpening their fund-raising message. They're getting away from lists of what they need, emphasizing instead the results and benefits the donations will produce for the community.
A financially struggling hospital in New York's Harlem section is turning financial distress into an opportunity for economic recovery with the help of private grants, state rate relief and an innovative capital financing program. North General Hospital will move into a new, $65 million facility in December--five months ahead of schedule and $9 million under budget.
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