Well I think a few words might sum up this entire report, “Show me the money” might be some word echoed by hospitals. I visited a hospital this week and they are keeping the lights and basics going only, why, because we have no budget for the State of California and nursing homes and other businesses...
Posted to
The Medical Quack .... by Barbara Duck
on 09-18-2008
Filed under: Medically Related, Technology, EMR, EHR, Physicians, Hospitals, Budgets, Desperate Hosptials, Money, Medical Records Venture Capitalists
This story fits in with the series I have been posting about hospitals in need of financial assistance. Lucky thus far for this community, the issues passed and the hospitals will stay open, but for how long and hope there is enough in the till to keep them open. Read the full story at the...
As the old saying goes, things roll downhill and Siemens was the straw that broke the camel's back here. Recently Siemens has been in the news with their own issues with restructuring and lay offs. There are other creditors including Clinical Laboratories of Hawaii, Ewa Beach, $3.9 million;...
Posted to
The Medical Quack .... by Barbara Duck
on 08-30-2008
Filed under: Medically Related, Insurance, Other Items of Interest, My Commentaries, healthcare, Physicians, FDA, Hospitals, Nursing, bankruptcy, Economics, Desperate Hosptials, Venture Capitalists, Transparancy, Layoffs, Debt consolidation, Overseas Investments, Vendors
More added to the list at various stages either with investigations, layoffs, some trying to figure out how to stay open next year. Some are already deep in debt while some are teetering on the fence post after budget cuts, in short all looking for money to survive and one home health care unit...
When you look around, it appears the large Not for Profit folks seems to being doing all the facility expansions, as well as hiring new clinicians, but now some of the practices are being looked at with a bit of scrutiny as the Wall Street Journal discusses. Some facilities charge up to 10 times...
Posted to
The Medical Quack .... by Barbara Duck
on 08-29-2008
Filed under: Medically Related, Insurance, My Commentaries, Hospitals, Community Hospitals, bankruptcy, Desperate Hosptials, Venture Capitalists, Not for Profit Hospitals
Increased charity is one of the reasons and of course there is the pressure from Medicare and insurers to limit rate increases, but many insurers are on their way to China as posted in prior articles here. There is also the big loss of federal funds, just look at us here in California for a quick...
Grady is not a newcomer to the news by any means as they have not made money since 2000. It appears progress is being made by the auditors, especially in the contract and financial areas, now the real test. The real test involves changing many operational procedures, and now we are back to the...