Wednesday, 25 October 2017

California hospital files for bankruptcy after missing payroll

The Tulare Regional Medical Center (CA), a 112-bed hospital run by Tulare-based HealthCare Conglomerate Associates, filed for bankruptcy on Saturday in Chapter 9 bankruptcy.

The hospital declared bankruptcy a few days after HCCA, which is being paid by the local hospital district, said it had been done to pay the hospital bills. "HCCA has provided substantial revolving funding to the hospital over the years, totaling $ 14 million," said Benny Benzeevi, MD, President and CEO of HCCA at a board meeting on September 28, according to Valley Voice. "But in light of the current destructive political environment, HCCA will not continue to do so."

Tensions have erupted between HCCA and the hospital district board since last year, and this battle is partially responsible for a recent deterioration in the credit rating by Fitch Ratings.

On September 29, less than 24 hours after Dr. Benzeevi stated that HCCA would no longer provide financial support to the hospital, several nurses and other staff members left work after being paid. HCCA said a cash shortage by the hospital district was the reason why it was unable to finance the entire payroll.

The bankruptcy petition of the Tulare Regional Medical Center revealed that the hospital has no money on its bank accounts. The shortage of cash poses a risk to public health and safety, as the hospital does not have the funds to purchase adequate medical supplies and the "critical vendors" have interrupted hospital service for lack of payment, according to the report. bankruptcy documents.

Chapter 9 of bankruptcy is a bankruptcy procedure that provides municipalities in difficulty with creditor protection while a repayment plan is negotiated.

Tennessee hospital closes after falling 94% short of GoFundMe goal

The Copper Basin Medical Center, a critical access hospital in Copperhill, Tennessee, closed on Sunday.

The Copper Basin Medical Center has been in dire financial straits for months. The hospital suspended hospitalization services on May 9 and laid off more than 15 nurses, according to the WRCB.

Officials launched a GoFundMe page earlier this year to help keep the hospital afloat. They hoped to raise $ 100,000 through the campaign, but they fell to about 94% of their goal. On Monday, the hospital received donations of 77 people, totaling $ 5,559.

Copper Basin Medical Center is behind payroll, which means some workers will be waiting for paychecks after being fired, said Dan Johnson Hospital CEO WTVC.

Regarding closure, Johnson told WTVC, "We are a small rural hospital and it's hard for us to adapt to all the changes in health care.

7 hospitals with strong finances

Seven hospitals and health systems with strong operating metrics and strong financial positions, according to recent reports from Fitch Ratings, Moody's Investors Service and S & P Global Ratings.

Note: This is not an exhaustive list. The names of hospitals and health systems have been compiled from recent credit rating reports and are arranged in alphabetical order.

1. Ascension Health, based in St. Louis, has a rating of "Aa2" and a stable outlook with Moody's. According to Moody's, the health care system has manageable leverage, limited debt structure risk and a large portfolio of large hospitals.

2. Baylor Scott & White Health, based in Dallas, has an "Aa3" rating and a stable outlook with Moody's. According to Moody's, the healthcare system has strong cash margins and a favorable commercial position as the largest nonprofit health system in Texas.

3. The Children's Hospital of Philadelphia has a rating of "Aa2" and a stable outlook with Moody's. According to Moody's, the hospital has strong financial capabilities and fundraising capabilities.

4. The Greenville (S.C.) health system has an "AA-" rating and a stable outlook with Fitch. The system has seen a dramatic improvement in its operations, posting $ 18.6 million in operating income for fiscal 2016 and $ 20.9 million for the first six months of fiscal 2017, according to Fitch .

5. Kaiser Permanente has an "AA-" rating and a stable outlook with S & P. ​​The Oakland, California-based system has a strong corporate profile with a favorable integrated business model, according to S & P.

6. Bryn Mawr, based in Pennsylvania Main Line Health has a rating of "Aa3" and a stable outlook with Moody's. According to Moody's, the healthcare system has a strong market position and additional support from independent foundations.

7. Albuquerque, MN-based Presbyterian Health Services, has a "AA" rating and a stable outlook with S & P. ​​The system has a strong financial profile and modest debt, according to S & P.

California hospital at risk of losing Medicare, Medicaid funding

Lompoc (Calif.) Valley Medical Center is at risk of losing its Medicare and Medicaid contracts following a CMS survey that found several shortcomings, according to the Lompoc record.

Compliance issues were included in a 128-page CMS report prepared following a surprise inspection from February 6 to 10. The investigation revealed that the hospital did not meet several federal requirements, including some regarding staff training, pharmacy procedures, food preparation and safety. CMS said it would withdraw Medicare and Medicaid funding from the hospital on June 8 if the deficiencies are not corrected.

Lompoc Valley Medical Center CEO Jim Raggio told the Lompoc Record that the hospital had solved all the problems identified by CMS and submitted a correction plan to the agency. He said CMS would conduct another surprise inspection of the facility before June 8 and he is confident that the hospital will retain its Medicare and Medicaid contracts.

Los Angeles hospital to close - lay off 638 employees

The Pacific Alliance Medical Center in Los Angeles will close on December 11th. The hospital, which has been providing care for more than 150 years, cited the costs of upgrading its facilities to meet California seismic standards as the reason for the closure.

California law requires state medical facilities to meet certain seismic standards by January 1, 2030, and the Pacific Alliance Medical Center has stated that it does not have a financially responsible way to carry out the updates. required.

"PAMC does not have the land on which our hospital is located, and the owner is not willing to sell us the land," said the hospital in a statement at Becker's Hospital. "The hospital building does not meet current seismic standards in California, and it is not economically viable for us to invest nearly $ 100 million to build a hospital on land we do not own.

Although a notice from the California Workers Adjustment and Retraining Act states that the hospital's 638 employees will be fired, the CMAC stated that the facility "will remain in office until it is closed."

"We have not taken this decision lightly, and we are committed to doing everything we can to facilitate the transition for the affected employees," said the hospital. "We will work with other local hospitals to help find employment opportunities for our affected staff."

PAMC, which ended the first quarter of fiscal 2017 with a net loss of $ 12.2 million, is not the only closure to the California Hospital due to the cost of meeting the new seismic requirements. Sacramento, California-based Sutter Health will close the Alta Bates Summit Medical Center in Berkeley in 2030, as it is not possible to renovate the hospital until the last day of 2029. The hospital services will be consolidated at Sutter Hospital in Oakland, Calif.

Dallas hospital unexpectedly closes

Walnut Hill Medical Center, a 100-bed, for-profit hospital in Dallas, closed Friday, according to The Dallas Morning News.

Confusion about the hospital closure late Thursday after Rich Guerra, MD, cardiologist and executive committee member of Walnut Hill Medical Center, posted a note titled "Farewell WHMC" on a Facebook page titled "Expats of Walnut Hill Medical Center, "according to the report Dr. Guerra wrote," How can I start, I can start by saying how sorry I am that our trip is over, I am really sorry that our Walnut Hill family is dispersing to the four winds.

The page was disassembled later and employees were informed Friday morning that the hospital was closing.

In a statement Friday at Dallas Morning News, hospital spokeswoman Natalie Weeks confirmed that the Walnut Hill Medical Center had closed. The statement did not include details on the number of employees affected by the closure of the hospital.

According to the Walnut Hill Medical Center website, the hospital is a joint venture between a hospital management company based in Franklin, Tennessee and a Texas development company.

Walnut Hill Medical Center did not immediately respond to Becker's request for comment.

Beaumont Hospital Royal Oak - Mich Campus

This Michigan hospital was established in 1955 as a 255-bed hospital and has since become a tertiary care hospital with more than 1,070 beds. It houses an imaging center, a medical research institute, a cardiac and vascular center and an institute of neuroscience. Opened in 2014, the 80,000 square foot, 80,000 square foot Neuroscience Center opened the first new building on the Royal Oak campus in 2014 in over a decade. Healthgrades recognized the hospital in 2015, 2016 and 2017 with its Clinical Excellence Award in Stroke Care.

Baylor University Medical Center (Dallas)

This hospital houses more than 20 medical specialty centers and was ranked the No. 3 hospital in Texas and the No. 1 hospital in Dallas by U.S. News & World Report in 2016-17. Baylor University Medical Center was founded in 1903 with 25 beds and was the first hospital of the Baylor Health Care System; the hospital is now staffed by more than 1,300 physicians and equipped with 894 licensed beds. The medical center is the flagship hospital for Baylor Scott & White Health — North Texas health system.

Barnes Jewish Hospital - Louis

As the largest private employer in the St. Louis area, the Barnes Jewish Hospital at Washington University Medical Center employs 1,800 medical workers. The hospital houses the Siteman Cancer Center, the only cancer center designated by the National Cancer Institute in the state, where multidisciplinary teams provide high-quality cancer care and work to develop cutting-edge technologies for treat the disease. Barnes-Jewish Hospital was the site of the first simultaneous heart and lung transplant in Missouri. The United States News and World Report ranked Barnes-Jewish as one of the top 20 hospitals in the country for 2016-17.

University Medical Center Phoenix

Formerly known as the Banner Good Samaritan Medical Center, this hospital opened in a building after Lulu Clifton, a Methodist deaconess, arrived in Phoenix in 1911 and decided to open a hospital. Nationally ranked in geriatrics and nephrology, the US News & World Report has named the Banner - University Medical Center in Phoenix, the second largest hospital in Arizona in 2016-17. The hospital is collaborating with Arizona College of Medicine - Phoenix to foster new medical discoveries.

Aspirus Wausau - Wis Hospital

Wausau Aspirus Hospital (Wisconsin). Aspirus Wausau is the flagship hospital of the Aspirus Health System, which employs more than 7,000 people and provides care to residents in 14 counties in central and northern Wisconsin, as well as in the Upper Peninsula of Michigan. The hospital has 350 physicians in 35 specialties and 325 beds with approximately 15,000 inpatients and 24,000 emergency room visits each year. The hospital is nationally recognized for its cardiovascular program.

Abbott Northwestern Hospital - Allina Health | Minneapolis

Ann & Robert H. Lurie Children's Hospital cared for more pediatric patients and their families than any other children's hospital in Illinois in 2015. As a leading pediatric provider in the region, the Children's Hospital employs more 1,400 physicians in 70 pediatric specialties. The hospital boasts the state's No. 1 pediatric cancer program by US News & World Report for 2016-17 and offers access to the most pediatric oncology clinical trials in the Chicagoland region.

Virginia Beach Fire Department Facebook Page

in this article i will show you Virginia Beach Fire Department page on Facebook

The Virginia Beach Fire Department is a customer service organization partnering with communities, members, citizens and visitors to foster the feeling of safety any place, any time, through planning, mitigation, response and restoration.

Sunday, 1 October 2017

New SMART cell method provides hope for improved treatment of Children's hospital

Using a new gene editing technology, researchers at Shriners Hospitals for Children-St. The Louis and Washington University School of Medicine has reconnected living cells to produce a targeted vaccine against arthritis. These stem cells modified for autonomous regenerative therapy (SMART cells) could offer more targeted treatment options for children and adults with inflammatory and chronic diseases.

Unlike current arthritis medications, which are administered continuously and at high doses, these SMART cells can detect inflammation of arthritis in a particular joint and make their own natural antidote to combat it, if needed.

Lead author of a study highlighting the work, published in Stem Cell Reports, says that children with juvenile arthritis could benefit significantly because many of today's treatment options cause unwanted side effects and may not be suitable to children. "Our goal is to offer self-regulating therapy specifically targeting inflammation in a given joint as opposed to current drug therapies that impact the immune response throughout the body," says Farshid Guilak, Ph.D., director St. Louis Shriners Hospital and Professor of Orthopedic Surgery at the University of Washington School of Medicine.

To date, SMART cells have only been designed in a laboratory using cells from mice. While human clinical trials are a few years away, the SMART cell method could also revolutionize treatments for many other conditions.

"The hope is that we can grow live bones, cartilage and whole joints that are resistant to arthritis and possibly other inflammatory diseases," says Guilak. "It could help adults and children with juvenile, rheumatoid, and other forms of arthritis, as well as other orthopedic conditions."

Last year, a Shriners Hospitals research team, led by Guilak, created a replacement for the hip joint of living tissue in patients receiving synthetic replacement joints that eventually wear out. This advancement is key for children who need to replace the joints because a living joint could grow with the child. SMART cell technology is also combined with this discovery to develop a living joint with these same disease-fighting properties.