HealthLeaders Media Finance - September 24, 2007 | Healthy Behavior Saves View as a Webpage | Subscribe for Free
Healthy Behavior Saves
Philip Betbeze, Senior Editor-Finance

Jewish Hospital & St. Mary's Healthcare in Louisville, KY, spends about $30 million a year on health insurance for its 5,000 employees. That may sound like a lot, but it's about $6 million less than it should be, says John Hammond, the health system's vice president of human resources. That's because Jewish enrolled in a population health management program four years ago. The savings are spectacular to be sure, but the larger issue might be the strategic insight the health system's getting by trying some of the same innovative products--population health management and consumer-directed health plans to name two--that other large employers are trying. [Read More]
  Sept. 24, 2007

Editor's Picks
Health providers, health insurers are at odds over payments
We have an interesting article here about the increasingly contentious battle between healthcare providers and insurers. While many of you are veterans of these battles, this article provides a big-picture analysis of why battles between insurers and providers are likely to continue to escalate in coming years. [Read More]
Taking sides on Tenet
This article details the interesting stock action in Tenet Healthcare Corp. The exploding trading volume on the hospital chain's stock suggests that bets are being taken on both sides as to whether it can ultimately succeed five years into an elusive turnaround effort. [Read More]
Minnesota first state with policy to stop billing for medical errors
And it's not a law. The state's health insurers and hospitals have hammered out an agreement on their own for 27 types of mistakes or "adverse events" that are never supposed to occur in hospitals but sometimes do. As a practical matter, the new rules won't much effect revenues, but hospitals in the state will uniformly no longer charge patients or insurers for follow-up care that results from the mistake. [Read More]
Industry Insights: CMBS ABC's
Interesting tidbit here from the Cain Brothers weekly newsletter. Scott Evans argues that despite the depression in commercial real estate mortgage-backed securities, medical properties, particularly medical office properties, are considered core holdings for many institutional investors, and thus should not suffer in their ability to obtain financing. [Read More]
I'm going to sue you
In the shameless self-promotion department, I think my colleague Rick Johnson has written an excellent article about how physicians, and by extension, hospitals, can reduce the risk of a lawsuit from dissatisfied or injured patients. At the very least, Rick's come up with the year's best headline. [Read More]
Finance Forum
Healthcare's Labor Cost Challenges Trump Most Others
Jim Novak responds to my August 27 column Hospital Operating Pressures Mounting, in which I asked readers to detail some solutions to the challenges of anemic patient volumes, growing supply expenses and increasing physician competition. [Read More]
Finance Headlines
Healthcare spending highest in Northeast
AP/Yahoo News - September 18, 2007
Texas medical facilities receive $34 million award
Dallas Morning News - September 18, 2007
City, buyers reach deal on sale of DC hospital
Washington Post - September 17, 2007
Cleveland hospitals discuss affiliation
Cleveland Plain Dealer - September 13, 2007
Upcoming Events
HealthLeaders Media News - September 24, 2007
From HealthLeaders Magazine
EMR Pushback
HealthLeaders September 2007 Electronic medical record systems promise a long list of benefits, but most physician practices remain unconvinced. Can clinical IT proponents entice physicians to retire their paper charts for good? [Read More]
Money Talk

A look at one hospital's struggles to improve

States Health Alliance, Johnson City, TN

Rating: Baa1
Outlook: Stable
Affected Debt: $667 million
Agency: Moody's Investors Service
Remarks: Rating upgrade from Baa2 attributed to continued generation of strong cash flow with a material increase in liquidity over the past decade.
[Read More]
Audio Feature

The Voice for Healthcare Consumers: Regina Herzlinger, The Nancy R. McPherson professor of business administration chair at Harvard Business School, talks about the need to refocus the control of healthcare away from providers and shift it to consumers, and her admiration for a European health system that closely mirrors the vision she has for the United States.
A Meandering Road to Healthcare: Cheryl J. Harelstad, vice president of supply chain management and technology with Allina Hospitals & Clinics in Minneapolis, believes her experience in a variety of other industries helped prepare her for the sometimes arcane world of the healthcare supply chain.
Sponsor HealthLeaders Media Finance

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