Navigation Links
Struggling Medical Delivery System Impacts Hospitals and Physicians Hardest
Date:1/21/2008

Financial Problems Stem From Increased Labor Costs and Upswing in Uninsured

Patients. According to New Report from HealthLeaders-InterStudy

NASHVILLE, Tenn., Jan. 21 /PRNewswire/ -- HealthLeaders-InterStudy, a leading provider of healthcare market intelligence, reports that physicians and hospitals continue to feel the effects of the New Orleans' struggling medical delivery system. According to the newly released New Orleans Market Overview report, the burden of uncompensated care, Medicare reimbursement rates and a shortage of healthcare workers are the key influences impacting these market segments.

"A shortage of healthcare workers has driven up the price of labor, making Medicare reimbursements insufficient to cover hospitals' current expenses," states Josh Kelley, HealthLeaders-InterStudy market analyst and author of the report. "These facilities remain heavily reliant on the state and federal governments to keep them afloat during these turbulent financial times."

A large upswing in uninsured patients and increased labor costs that have outstripped Medicare payments have resulted in major losses for the area's largest providers. Hospital executives say rising salaries, which are needed to attract professionals and service workers in the tight market, are a primary cause of hospitals' financial problems. An additional concern is that hospital Medicare reimbursements are based on pre-Hurricane Katrina cost data, resulting in payments that do not reflect current costs.

Physicians struggle financially because many of their patients have no way to pay for treatment. Many workers returning to the region have jobs in the service and construction industries that do not offer health benefits. On the positive side, state lawmakers allocated $64 million in 2007 to increase Medicaid reimbursements to physicians. Most physician practices remain in New Orleans' suburbs, where medical services and the region's population are now concentrated. The long-term stability of this market segment depends in part on the presence of residency programs that draw new physicians to the area.

About Market Overviews Market Overviews provide a detailed analysis of local healthcare markets, allowing healthcare businesses to plan their local strategies.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy is the authoritative source for managed care data, analysis, and news. For more information, please visit http://www.HealthLeaders-InterStudy.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Kelly Morphy

HealthLeaders-InterStudy

615-369-4818

kmorphy@healthleaders-interstudy.com


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Struggling male readers respond better to female teachers
2. Schwablearning.Org Launches Interactive Tool to Help Parents of Children Struggling in School
3. MSU engineering team designs innovative medical device
4. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
5. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
6. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
7. Father and Daughter From Tanzania Receive Their First Medical Examination in Newport Beach
8. Doctors and medical ethicist discuss whether doctors should participate in capital punishment
9. Preparation for Natural Disasters Critical for People With Diabetes, Chronic Medical Conditions
10. Doctors and Medical Ethicist Discuss Whether Doctors Should Participate in Capital Punishment
11. Symmetry Medical Completes Acquisition Of Specialty Surgical Instruments
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... UT (PRWEB) , ... February 05, 2016 , ... Today, ... Nutrition , announced that the much-anticipated feature with author Jahnavi Foster, specialist in healthy ... Amateur TV Network. , Each week, on his weekly Whole-Food Warrior TV show, Frank ...
(Date:2/5/2016)... MN (PRWEB) , ... February 05, 2016 , ... The ... at the Day Block Event Center in Minneapolis, Minn. Triumph Over Parkinson’s will fund ... Larry Schneiderman, owner of Schneiderman’s Furniture, lives with Parkinson’s disease and is the architect ...
(Date:2/5/2016)... ... February 05, 2016 , ... Francisco Canales, MD and Heather ... Napa Valley office. The technique utilizes the body’s own healing abilities to quickly ... Furnas, are part of only a select few cosmetic surgeons bringing this procedure ...
(Date:2/5/2016)... ... February 05, 2016 , ... Freed-Hardeman University President Joe A. ... a joint enrollment and degree completion agreement. The agreement, which begins with ... at FHU|Dickson. , The agreement allows students to be jointly admitted to ...
(Date:2/5/2016)... ... February 05, 2016 , ... The Lymphoma Research Foundation (LRF) ... and serving the lymphoma community through a comprehensive series of education programs, outreach ... Wine Tasting Event at the La Gorce Country Club in Miami Beach on ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... 5, 2016  Zimmer Biomet Holdings, Inc. (NYSE and ... announced underwritten secondary offering of 11,027,558 shares of its ... affiliates of Blackstone and Goldman Sachs.  The shares are ... of $96.45 per share. The selling stockholders will receive ... Biomet nor any of its directors, officers or other ...
(Date:2/5/2016)... 2016 Site Profile: --> ... - The Speech Recognition People, announced their latest primary healthcare case ... care, reduce turnaround times and to save the practice money. ... since 2013 Challenge: --> ,- Wirral CCG ... - Six doctors ,- Wirral CCG ,- VoicePower client since 2013 ...
(Date:2/4/2016)... For hospitals considering enrollment in the Federal ... the program, the Health Resources and Services Administration,s (HRSA) ... Mega-Guidance , could have significant impact on plans and ... 2016. Essential Insights , Daniel Neal, ... the Mega-Guidance,s key proposed changes, including a new requirement ...
Breaking Medicine Technology: