Abstracts » Health care industry

Strategic shakeup: CFOs prepare for a new age of hospital planning

Article Abstract:

Hospital chief financial officers (CFOs) are beginning to plan for health care reform in their institutions. For example, they may need to work with constraints such as global budgets and rate controls. In addition, they will have to calculate costs according to individual services rather than departmental budgeting. If hospitals join a health care network, they will plan budgets jointly with a partner, and capital expenditures will change. The decisions of hospital CFOs will be important in determining what type of health care organization their institution will become.

Planning, Finance, Chief financial officers, Health care reform

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Favorable trend: low bond rates enable hospitals to save money

Article Abstract:

Many hospitals are refinancing their debt to take advantage of low interest rates. Securities Data Co Inc reports that new bond issues floated by hospitals in 1992 amounted to $20.4 billion, an increase of 24% over 1991. The largest tax-exempt health care bond issue in 1992 is reported by New York City's Mount Sinai Hospital, which refunded its 1985 bonds to lower interest costs from 8.84% to 6.25%. Health care industry analysts forecast financial planning difficulties because of uncertainty over reform legislation.

Prices and rates, Hospital bonds

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Homeward bound: hospitals see solid future for home health care

Article Abstract:

Hospital ambulatory medical care services are increasing, and it is estimated that the US will spend $16.5 billion on home health services in 1993. During the 1980s, hospitals increased the number of community hospital home health care programs from 610 to 1,801. A number of hospitals enter into agreements with freestanding home care agencies and other hospitals to provide ambulatory services.

Ambulatory medical care, Ambulatory care, Hospital outpatient services

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