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More in Financial Management

For tax-exempt hospitals, March 2010 signaled an important moment. It was almost a national epiphany, indicating that non-profit hospitals and their property tax exemptions were no longer a foregone conclusion.

The 10-year Municipal Market Data Index, a Thomson Reuters-owned benchmark for municipal bonds, currently sits at 1.5 percent, while the 30-year MMD Index is 2.54 percent — the lowest rates since Lyndon B. Johnson was in the White House, according…

Hurricane Sandy pummeled NYU Langone Medical Center and other hospitals in New York City and along the East Coast in late October with high winds and flooding, and the financial repercussions still have not fully materialized.

Crouse Hospital in Syracuse, N.Y., has agreed to pay $50,000 to the city per year over the next four years to help defray the costs of services that would normally be covered through property taxes, according to a Post-Standard report.

If Congress passes a temporary fix to the sustainable growth rate for this year, as is expected, the total one-year cost will be $25 billion, according to the most recent figures from the Congressional Budget Office.

The pressure for hospitals to trim costs is on and only growing more intense. Supply chains are becoming greater targets for savings, especially as the portion of costs involved in the supply chain continues to increase. "It's becoming a mandatory…

For a hospital's supply chain to be effective, there must be prompt strategic discussions and action plan development from both C-level executives and supply chain leaders, according to the Association for Healthcare Resource & Materials Management Executive Thought Leader Forum.

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