July 2009 Becker's Hospital Review
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Hospitals today face many challenges including an economic recession, in-creases in uninsured care and growing competition for outpatient services. However, there are still many steps hospitals can take to increase their profitability amid these economic conditions.
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Hospitals and health systems, whether general acute care hospitals or specialty hospitals, are at-tempting to prosper in a challenging time. Last year and in 2007, the nation’s hospitals, as a whole, recorded record profits. Many hospitals were examining a multitude of options for debt financing. Nearly 20 percent or more of the na-tion’s hospitals were in the process of renovating, expanding or replacing their current hospitals.
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Allegheny General Hospital (Pittsburgh). Allegheny General Hospital is a 724-bed academ-ic medical center located on Pittsburgh’s historic North Side. The hospital, which is home to the Gerald McGinnis Cardiovascular Institute, is rec-ognized both nationally and internationally for its outstanding heart program.
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Healthcare Reform; Hospitals and Health Systems: Improving Profitability of Orthopedic and Spine Programs - Growing Volumes, Assessing Financial Relationships, and Business and Legal Issues - October 7th; 16th Annual Improving the Profitability of ASCs Conference (Oct. 8-10, Chicago) - Special Discounts Available; Free White Papers Available
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Cardiology services remain among the most profitable hospital ser-vices and even marginally successful hospitals tend to make money on this business line. But the upper tier of American hospitals — those achieving top HealthGrades rankings and who crack the U.S. News & World Report’s “America’s Best Hospitals” — has remained there for years, carving longstanding reputations for quality that attracts the top physicians, nurses and patients from around the country and across the globe.
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Here is a round-up of statistics on the growth and compensation of physicians.
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- David Fox, CEO of the Year
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- Joe Freudenberger, Runner-Up
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Here are 10 statistics on the impact of the economy on hospitals in the United States, according to a survey by the American Hospital Association.
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Here is a round-up of 20 of the most recent changes and appointments of hospital CEOs and CFOs from around the country. Note: Stories are or-dered alphabetically by state.
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CMS, in the FY 2008 and FY 2009 IPPS regulations, finalized changes relating to hospitals serving Medicare/Medicaid beneficiaries that require such hospitals and their physician owners to disclose physician owner-ship information to patients. The disclosure re-quirements became effective June 8, 2009.
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Mike Bullard (doctors Hospital Tidwell, Houston). Mr. Bullard is the CEO of Doctors Hospital Tidwell, an acute-care hospital that pro-vides healthcare services to more than 500,000 residents in the medically underserved communities of North Houston. Prior to coming to Doc-tors Hospital Tidwell, Mr. Bullard was the CEO of Triumph Healthcare in Houston.
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