Many hospitals lose tens of thousands of dollars every year, appear older and in need of capital improvement by leaving equipment that should be disposed of on their fixed asset ledger. Maintaining clean records of assets being purchased and being…
Leadership & Management
A judge has dismissed what he called an “unconstitutionally vague” 10-count indictment against Lacy Thomas, the former chief of University Medical Center in Las Vegas, according to a Las Vegas Review-Journal report. Prosecutors alleged that Mr. Thomas steered $10 million…
Roosevelt Hairston Jr., the former executive vice president and general counsel for Children’s Hospital of Philadelphia, has been accused of embezzling $1.7 million from the facility, according to a Reuters report. Mr. Hairston allegedly hid the theft by creating shell…
HCA's affiliation with Tampa, Fla.-based University of South Florida Health to develop a state-wide network of trauma care is being challenged by three hospitals that argue there is not adequate demand to justify the expansion, according to a Tampa Tribune…
Jewish Hospital & St. Mary's HealthCare, based in Louisville, Ky., has filed for a certificate of need to become a partner in an orthopedic surgery center in Louisville, according to a Business First report.
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The Illinois Legislature has passed a bill that reforms the state's workers' compensation system, slashing reimbursement rates to hospitals by approximately, 30 percent.
Mercy Medical Center in Des Moines, Iowa, will no longer be hiring smokers and will conduct nicotine testing for all potential employees of the hospital, according to a Des Moines Register news report.
The following report was compiled by Principle Valuation, based on hospital financial reports obtained through the Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) database. Holy Redeemer Health System in Jenkintown, Pa., has released its financial results for the…
The Illinois Health Facilities Board, the authority on approving or denying healthcare services and facilities and issuing certificates of need in Illinois, is struggling to fill three vacancies, which has proved to be even more difficult after the passage of…
The article below is reprinted with permission from The Capital Issue, a quarterly newsletter published by Lancaster Pollard. Negative arbitrage (Infitialis arbitari) has historically been a manageable nuisance to hospitals considering tax-exempt bonds for funding construction projects — comparable, perhaps,…