Health Law: Tips for Troubled Times
- Topics:
- Bankruptcies
- Tags:
- Benefits,
- Enterprise Software,
- Health Care,
- Healthcare,
- Human Resources,
- Kirkpatrick & Lockhart,
- Software,
- Vertical Industries
- Source:
- Kirkpatrick & Lockhart
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Overview: Bankruptcy, receivership, sale, closure: once unthinkable events for nonprofit hospitals, they are occurring with increasing regularity around the country. Western Pennsylvania has witnessed the collapse of two major health systems in less than 36 months; Philadelphia has seen a number of bankruptcies and closures as well. Paper makes out that few things are more difficult than managing a health care facility in financial distress. Options seem limited and unattractive. Rumors abound. Defections come at the most inopportune time. Keeping morale and spirits focused on a positive outcome is a daunting task. And the process itself often seems interminably long. To provide help to get out of these troubles paper shares some lessons, as well as some tips for what to do if someone finds himself in the midst of a financial crisis. These lessons are not theoretical; unfortunately, they have been gleaned from the experiences with health care and non-health care companies in trouble.
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Format: PDF | Size: 55KB | Date: Feb 2003 | Pages: 4
