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News for Management Beat

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Capital recovery depends on banks lending again

John Andrews February 26, 2010
The degree of resurgence in the healthcare capital market relies heavily on whether the banking community can once again start lending with regularity. But in looking at the state of capital provision in early 2010, financial analysts haven’t yet seen much to get enthused about.
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Budget planning has become a year-round process

John Andrews January 08, 2010
With an overwhelming number of vectors and variables to consider, planning a hospital budget might now be considered in the same league as rocket science.
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Hospital ED formula: Quality = revenue growth

John Andrews November 06, 2009
When it comes to financial health, the hospital emergency department has sustained major trauma from the economy
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Hospitals discover it isn’t easy going ‘green’

John Andrews October 07, 2009
There are so many fiscal issues facing hospitals that it’s easy to dismiss “green” initiatives as “nice to do,” as opposed to the more pressing problems of obtaining capital, regulatory compliance, improving accounts receivables and preserving operating margins.
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Debt collection balances mission and margin

John Andrews August 31, 2009
PURSUING OVERDUE BILL PAYMENTS from ordinary people in a severe recession is tantamount to walking through a public relations minefield for healthcare providers. With all the amplified rhetoric in the healthcare reform debate over the high cost of healthcare and how regular citizens are financial victims of a broken system, it’s easy for providers to be cast as the villains.
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Challenges are everywhere in budget planning

John Andrews July 30, 2009
Putting together a budget has never been at the top of any executive’s “fun list,” but today’s dire economic climate makes the process more strenuous than ever.
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Eligibility outsourcing grabs benchmarking spotlight

John Andrews July 06, 2009
The weakness of the U.S. economy is giving rise to an issue that hospital executives may not have paid much attention to before – qualifying indigent patients for Medicare, Medicaid or Social Security Disability.
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CMS: ‘Value’ proposition puts onus on hospitals

John Andrews May 27, 2009
Take heed, hospital administrators - Uncle Sam is watching. Because the Centers for Medicare and Medicaid Services is getting pickier about what it pays for in the acute care setting, the agency is looking inside the hospital to find claim denials.
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GPOs work overtime to save money for members

John Andrews May 04, 2009
Recessions have a way of forcing everyone to rethink their expenditures and the prudence of each purchase. While hospitals historically haven’t had to do that with regularity, they definitely are doing it now and they are calling on group purchasing organizations and vendors to help them.
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Hospitals are taking another look at leasing

John Andrews April 03, 2009
They say necessity is the mother of invention. If true, one could make the argument that if a stalled credit market is necessity, then leasing and used equipment purchasing is the invention.
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Financiers, providers caught in lending ‘Catch-22’

John Andrews March 05, 2009
Healthcare financing appears to be a big waiting game in early 2009.
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The joint venture landscape looks for new vistas

John Andrews February 04, 2009
PERHAPS IT ISN’T just politics that make strange bedfellows. Like it or not, the healthcare industry is becoming more competitive and commercial as consumer-driven forces cause executives to re-evaluate their organizations’ status in the marketplace. And it is resulting in some interesting partnerships not previously seen.
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Hospitals aren't immune from Wall Street's meltdown

John Andrews November 25, 2008
NOW THAT HEALTHCARE is beset with the same troubles as the rest of the economy, it’s official: No place is insulated from the Wall Street collapse.“Even though hospitals’ fi...
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Hospitals are paying more attention to their customers

John Andrews October 29, 2008
BECAUSE HEALTHCARE “customers” don’t fit the conventional role of goods and services buyers, provider organizations haven’t made customer relationship management a priority....
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Common goals bring hospitals, docs together

John Andrews October 06, 2008
WHEN IT COEMS to hospital-physician relations, both parties should concentrate on their similarities rather than their differences, industry experts say. By focusing on the goals and challenges they s...
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Pa. invests $750,000 in nursing education

Jeff Marion October 06, 2008
LANCASTER, PA – The Commonwealth of Pennsylvania plans to invest $750,000 in state funds, to be matched by $870,000 in private funds, to benefit nursing education programs statewide.The...
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Hospital pricing policies need to be defensible

John Andrews August 28, 2008
HOSPITAL PRICING POLICIES often leave patients confused and exasperated. That shouldn’t be surprising in light of the mercurial nature of payer reimbursement rates, constantly evolving payment p...
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IRS eyes transparency in executive compensation

John Andrews July 23, 2008
Proper maintenance of records, complete reporting on forms and strict adherence to regulations should keep not-for-profit hospitals in good standing with the Internal Revenue Service over executive co...
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Strategic planning starts with a sound blueprint

John Andrews July 03, 2008
STRATEGIC PLANNING MAY BE the most formidable job for those in the C suite. It commands fastidious due diligence along with resolute leadership, methodical implementation and unquestioned accountabili...
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Payer-provider contracts are evolving

John Andrews May 30, 2008
CONSIDER PAYER-PROVIDER CONTRACTS  to be microcosms of overall industry trends. As concepts like pay-for-performance and consumer-directed health plans gain traction in the healthcare environment...
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