Making the best of a bad (debt) situation. Healthcare organizations shake up their policies in light of increased scrutiny of charity care.
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Biomedical subjects
Publications and source records attributed to Vince Galloro.
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It's something of a holiday tradition: legal settlements at major investor-owned healthcare companies. But will Tenet's and HealthSouth's multimillion-dollar mea culpas over allegations of providing unnecessary care have the same healing effect that HCA's pair of year-end settlements yielded? Tenet's E. Peter Urbanowicz, left, said his company's moves show "the real progress we are making to put our legal challenges ... behind us".
The holiday season has brought a flurry of healthcare mergers and acquisitions, including Johnson & Johnson's possible deal with Guidant Corp., and DaVita's move for Gambro Healthcare US. Antitrust concerns may force Gambro to divest up to 100 dialysis centers before the deal can close, says Darren Lehrich, left, an analyst with Piper Jaffray & Co.
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The percentage of investor-owned hospitals is at an all-time high, helped in part by sales of not-for-profit facilities. Hillcrest HealthCare System's board decided to sell 10 of its hospitals after taking a hard look at its finances. "We weren't concerned about the short term, but the long term," Don Lorack, left, said.
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