HealthLeaders Media Finance - May 10, 2010 | CFO Alert: Hospital Mergers and Acquisitions Just Ahead View as a Webpage | Subscribe for Free
CFO Alert: Hospital Mergers and Acquisitions Just Ahead
Karen Minich-Pourshadi, Senior Editor-Finance

Several months back I spoke to Steve Filton, the CFO at the for-profit Universal Health Services in King of Prussia, PA, about the likelihood of seeing more mergers and acquisitions of hospitals in the coming year. At the time, he said that since summer 2008 UHS speculated that there would be a shakeout among the nonprofit providers and that many of them may look to merge or sell. He's in good company; Moody's Investors Services foresees that as well, based on a new industry comment they released. [Read More]

  May 10, 2010

Editor's Picks
HCA files for $4.6 billion IPO
In late April I talked about HCA Inc.'s rumored plans to file for an initial public offering—at the time they had no comment. Low and behold, here it is just a few weeks later and the company has filed for an IPO of up to an estimated $4.6 billion, the Wall Street Journal reports. Although the amount HCA registered to sell could change by the time it prices, right now it stands as the biggest IPO in the U.S. backlog, according to data from Dealogic. The hospital chain had been planning to go public since the beginning of the year, but waited for healthcare reform legislation to pass before filing. [Read More]
Finance reform: Three amendments to watch
When it comes to being a hospital CFO, there's more to the job than simply watching healthcare legislation—you also need to be keenly aware of financial legislation with the potential to directly affect our economy and, indirectly, your facility. NPR took a look at three financial reform amendments that those in the know will know about. [Read More]
Should Hospital CEO Salaries Be Cut If Care Quality Fails?
Pay for performance—finding ways to reward healthcare providers for achieving high-quality care for their patients—has become a popular topic across the country. But can this idea apply across-the-board to hospital CEOs as well? In legislative action north of the border, this question is close to becoming a reality in which compensation for top executives at Ontario's 154 hospitals could see their compensation go up or down depending on their organizations' performances. What kind of example will this Canadian legislation offer for CEOs in the states? [Read More]
Finance Forum
No-Bid Contracts and the Age of Transparency
For organizations interested in federal business, it's important to understand how a no-bid contract can be legitimately awarded and how the process can be abused. In this article, we offer a brief primer on "no-bid" contracts to set the record straight, de-mystify the process, and offer a simple, practical suggestion for how you may be able to actually get a shot at something that's proposed to be awarded without competition. [Read More]

An Industry in Flux: Five Quick Tips for Slashing Healthcare Costs
The mighty transition facing the healthcare industry can be intimidating, especially when healthcare organizations consider the potential for high expenses associated with changes to processes and workflow. There are ways to mitigate these expenses and even reduce overall operational costs, with the added benefit of supporting staff through the changes and reducing the learning curve of new technology solutions. One area that hospitals can tackle is document inefficiency. Document inefficiency continues to be an enormous cost driver in the healthcare industry, and here are five tips to slash those costs and keep healthcare institutions productive. [Read More]
Finance Headlines
Overall Healthcare, Hospital Employment Numbers Up in April
Janice Simmons, for HealthLeaders Media - May 10, 2009
Fight erupts over rules issued for mental health parity insurance law
New York Times - May 10, 2010
WellPoint, Obama rift escalates
Los Angeles Times - May 10, 2010
Should CFOs serve on their own boards?
CFO - May 10, 2010
Study: Many health plans not affordable
CFO - May 10, 2010
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A look at one hospital's struggles to improve

Westchester County Healthcare Corp., Valhalla, NY
Rating: Baa1
Outlook: Positive
Affected Debt: $113.2 million
Agency: Moody's Investors Service
Remarks: Upgraded to Baa1 from Baa3 the rating assigned to $113.2 million of outstanding bonds based on fundamental management improvements of the past several years and the improvement in financial performance since FY 2005 under the direction of a permanent senior management team that brings credibility to the organization.
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May 13: Integrated Compensation Plans to Enhance Physician Performance
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June 2: Seamless Systems of Care: Better Alignment, Coordination, and Outcomes
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