Specialty Hospitals a Drain on Nonprofits, Fitch Reports

Daulerio, A .J.
September 2004
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p3
Trade Publication
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.


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