Most Popular Stories
- Medical testing out of control among U.S. patients
- Risky 'value-based' insurance lowers health costs, but with a gamble
- SPOTLIGHT: Kaiser completes largest private-sector EMR rollout
- Eliminating five hospital-acquired conditions can save $2M annually
- Massachusetts rethinks outdated rate-setting process
- Available local IT talent lets Mich. Blues keep jobs at home
Featured Jobs
-
Child & Adolescent Psychiatric Mental Health APRN
Minnesota Department of Human Services - Willmar, MN -
Manager (EMR Implementation)
PPM - Fort Myers -
Human Resources Director
Jericho HR Group - Marion, IL -
Neurology Job in California
StaffPointe, LLC - Orange County, CA -
Hospitalist Job in California
StaffPointe, LLC - near San Bernardino, CA
Events
- Hot Topics In Patient Care Device Integration Free Webinar
March 31st - AIIM Expo + Conference
April 20-22, 2010 — Philadelphia, PA - Sensors Expo & Conference
June 7-9, 2010 — Rosemont, IL - The Burrill Consumer Digital Health Meeting
March 22-23, 2010 — SFO Marriott, Burlingame, CA
Paid Research Reports
- Pricing and Reimbursement in Key Asia Pacific Markets
- Delivery Mechanisms for Large Molecule Drugs: Successes and failures of leading technologies and key drivers for market success
- The Cardiovascular Market Outlook to 2013: Competitive landscape, global market analysis and pipeline analysis
- Intellectual Property and Outsourcing in China: Minimizing risk whilst maximizing return on investment
- Health Care Equipment & Supplies: Global Industry Guide
- 2009 Trends to Watch: Healthcare Technology
Free Newsletter
FierceHealthcare is the leading source of healthcare management news for healthcare industry executives. Join 50,000+ healthcare industry insiders who get FierceHealthcare via daily email. Sign up today!
Popular Topics
State hospital fee could mean less training, hiring freezes
An Ohio fee may achieve what the recession did not do for many hospitals: delay hiring, cutback training and community programs. But federal matching monies that could balance Ohio's budget may mean the fee will stay in place through 2011.
The fee, assessed at 1.52 percent of a hospital's operating budget for 2010, will help the state balance its 2010-11 budget, and is expected to bring in $718 million. The rate is scheduled to increase to 1.61 percent next year.
"We had to do a lot of really bad things to make this budget balance, and this was one of them," said Dale Miller, ranking senator on the finance committee while the hospital franchise tax was being debated. "We certainly knew this was going to cause problems."
The fee helps draw federal money because money raised by the fee is matched with federal stimulus dollars at more than 3 to 1. That federal match is estimated at about $2 billion and can fund the state Medicaid program for two years.
However, that's of little consequence to municipalities worried about the local economy, and hospitals worried about the workforce and maintaining care. At least one municipality, Middleburg Heights, is urging the Ohio legislature to reduce or eliminate the tax because of financial implications in communities through potential lost jobs or non-hiring of vacancies.
Southwest General Health Center, which is in Middleburg Heights, froze pay for its 2,500 employees for 2009. The hospital has also reduced travel and education. "Our labor market is very competitive, so we can't repeat the freeze. This was a one-time fix," said Maryann Freas, chief financial officer of SGHC. With the fee scheduled to continue through 2011, the hospital may have to re-evaluate its capital budget, including equipment replacement. The hospital's fee for 2010 is about $2.8 million.
Under the hospital assessment formula, the state will increase the amount of money, by 5 percent, that it sends to hospitals to cover Medicaid patients. The increase is supposed to soften the blow to hospitals, but SGHC estimates it might "reduce" the fee by $100,000.
To learn more:
- read this Cleveland News Sun article
Related Stories
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable© 2010 FierceMarkets. All rights reserved. |
![]() |





