TITLE

Specialty Hospitals a Drain on Nonprofits, Fitch Reports

AUTHOR(S)
Daulerio, A .J.
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that specialty hospitals and ambulatory surgery centers have long been accused of damaging community hospitals by stealing away high-reimbursement patients. "Ambulatory services or specialty centers are traditionally the higher-profit-margin business in health care," according to Fitch's James Gilliland, who co-authored the report. He said that the trend is "a long slow drain on nonprofit hospitals. Gilliland said that the building of specialty hospitals is not beneficial for the cost-structure of nonprofit hospitals--especially when they are required to give away care.
ACCESSION #
14387360

 

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