White Paper about Critical Access Hospital Turnarounds
Turning around a CAH often involves greater alignment of physician and hospital interests, especially as health reform compels greater hospital-physician integration. When a physician expresses interest in being employed or having his/her practice purchased, the board often turns to local legal counsel. Those attorneys may not have a comprehensive understanding of the compliance requirements of physician contracting – or how to attain the most favorable structures for the hospital.
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A not-for-profi t hospital depends on community trust, and its board members are the public face of the organization. Because the hospital is such an integral part of the community, the local media will focus on your hospital during troubled times. It is a huge mistake to pretend that there’s no problem or to hide from the media. Communication and transparency with the community and media are essential – especially during fi nancial downturns. Keep reading…
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