Most Popular Stories
Poll
Featured Jobs
-
Florida Internist
StaffPointe, LLC - west , FL -
Washington Family Practitioner
StaffPointe, LLC - near Seattle , WA -
Tennessee Vascular/General Surgeon
StaffPointe, LLC - near Nashville , TN -
Oregon Family Practice
StaffPointe, LLC - east , OR -
Texas Dir. of Med/Surg
StaffPointe, LLC - east , TX
Events
- World Health Care Congress
April 14-16, 2009 — Washington, DC - World Healthcare Innovation & Technology Congress WHIT v.4.0
Dec 8-10 — Washington, DC
Paid Research Reports
- Stakeholder Opinions: Percutaneous Coronary Intervention - Adverse events with drug-eluting stents demand a new safety standard
- Impact of Pharmacogenomics on Public Healthcare Policy
- The Cardiovascular Disorders Market Outlook to 2012
- 2008 Trends to Watch: Pharmaceutical Technology
- Pharmaceutical Pricing and Reimbursement: Strategies for market access across the US, Europe, Japan and other key geographies
Popular Topics
Calif. budget freeze endangers small providers
California's budget impasse is having a devastating impact on providers waiting for payments. Despite being guaranteed they'll be paid when the budget problem resolves itself, the banks are telling providers such guarantees aren't sufficient. That's why elder care providers like Janet Rios are being forced to take $100,000+ loans at high-risk rates just to stay afloat.
At risk for financial disaster are smaller providers like nursing homes and medical clinics, small contractors which, unlike large institutions, don't have big reserves to cover their operating capital needs. With the state budget vacuum having extended a long 50 days, some contractors are losing ground rapidly. Some are running their business on credit cards, like Maureen DeLeon, who operates homes for developmentally disabled children and adults. She's waiting on $50,000 from the state.
All told, these providers may make it through California's budget standoff, but it seems likely many will bear financial scars from the experience for some time to come. And some may not make it at all.
To learn more about the credit crunch:
- read this Los Angeles Times article
Related Articles:
State budget freeze squeeze California providers. Report
Mass. halts mental health admissions due to state budget cuts. Report
Spitzer battles N.Y.'s healthcare industry over budget cuts. Report
Florida facing deeper budget cuts. Report
Related Stories
- Case study: In metro Boston, the return of the house call
- Report: CA hospitals overcharging patients
- CA fines nine hospitals for putting patients at risk
- ALSO NOTED: Calif. facilities nervously await Medi-Cal money; Hospital fires NC Blue plan; and much more...
- Pennsylvania hospital infection bill headed for approval
- NYC hospitals, union reach agreement
- Appropriations bill passes in House
- MA sets CON rules based on price
- $10 million prize for solution to healthcare problems
- Senate advises greater disclosure of healthcare costs
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceSarbox | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceBiotech | FierceBioResearcher | FiercePharma | FierceVaccines | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2008 FierceMarkets, Inc. All rights reserved. |
![]() |





