Texas hospitals feeling the long-term financial strains of Harvey

first_img By Max Blau Oct. 3, 2017 Reprints ‘I needed to be next to my patient’: The cancer doctor who braved Harvey to reach his hospital These sorts of financial strains on hospitals, often overlooked in the aftermath of natural disasters, have only been studied in a limited capacity. In a 2013 report produced by Harvard University’s School of Public Health and the Massachusetts Department of Public Health, researchers said hospitals should “prepare to deal with uncompensated care following a disaster.” Elizabeth Weeks Leonard, law professor at the University of Georgia, wrote after Hurricane Katrina hit New Orleans that hospitals “may be unable to sustain” prolonged increases in higher uncompensated care while facing other delayed payments.advertisement Related: She said there’s an assumption that storms like Harvey “are not damaging long-term for hospitals” — that once a hospital opens its doors, it’s back in business. Rather, Ho said, “my gut says the storm, and the aftermath, will be a road bump on top of other larger problems hospitals face like not having Medicaid expansion in Texas and [the potential loss of] DSH payments.” HospitalsTexas hospitals feeling the long-term financial strains of Harvey In mega-shelter for Harvey evacuees, telemedicine plans to help doctors keep up A spokesperson for Ben Taub Hospital did not respond to STAT’s requests for comment seeking figures related its uncompensated care costs.In the weeks after Harvey, patients have trickled back into Baptist Hospitals of Southeast Texas, but not all of the ones previously scheduled for outpatient procedures. Mary Poole, director of public affairs and marketing, told STAT that disruption to procedures has subjected the hospital located in Beaumont, Texas, to further uncertainty on top of the more than the $2 million hit it took from transferring patients, lost revenue from closures, and other expenses related to Harvey.“People here lost their cars; their homes had [filled up with] 6 or 7 feet of water,” Poole said. “Anything that’s not life-threatening is put on the back burner. If you were scheduled for a hip replacement or bone scan, you’re not paying for that now.”In the city of Victoria, about 125 miles southwest of Houston, DeTar Healthcare System CEO William R. Blanchard said his hospitals postponed some of their elective procedures ahead of the storm. He suspects that people either “might’ve not arrived back in the community yet” or might have “had those same procedures elsewhere while they were evacuated.”Though it’s too early to assess Harvey’s full impact, Blanchard senses that “a lot” of those procedures have not been rescheduled. He isn’t sure how long it’ll take for life inside his hospital walls to return to normal.“I think there’s PTSD going on where they’re saying, ‘I don’t want to add another stress to my life in having my hernia repair,’” he said. Ho expects that a growing number of low-income residents will forego paying health insurance to pay for home repairs in a region where many people lacked flood insurance. If that happens, safety net hospitals, like Houston’s Ben Taub Hospital — whose missions are to care for indigent patients — would have to provide more uncompensated care for residents. She said demand for indigent care may rise even further given the fact that Harvey has exacerbated a series of health conditions, including respiratory illnesses and skin infections. Texas hospitals canceled surgeries, evacuated patients, and closed for days because of Hurricane Harvey. They sank millions of dollars into not caring for patients as a measure of precaution.More than a month after Harvey made landfall, administrators at the roughly two dozen hospitals that evacuated in the eastern part of the state have now reopened their doors to patients. But some may feel the financial burdens of the storm for months to come — both caring for more patients who can’t afford treatment, while also seeing patients postpone the more lucrative elective surgeries that are many hospitals’ moneymakers.Vivian Ho, a health economist with Rice University, expects both of these financial forces to likely strain hospital budgets as the region recovers from the deadly storm.advertisement A patient is evacuated from the Baptist Hospitals of Southeast Texas after Hurricane Harvey. Joe Raedle/Getty Images Related: Tags hospitalspatientsphysicianslast_img read more

Russia plans to cut stake in Rostelecom

first_imgHome Russia plans to cut stake in Rostelecom The Russian state reportedly plans to cut its stake in operator Rostelecom, government data outlining the privatisation of federal property between 2020-2022 showed.News agency Tass reported it has seen a draft forecast plan for privatisation of blocks of shares in the biggest companies in the country, which are claimed to have a leading position in their respective economic sectors.Along with Rostelecom, the state is considering selling its stake in hydroelectric power generation company Rushydro, oil player Transneft and power operator Rosseti, among others.Rostelecom, one of the leading operators in Russia, is majority state-owned and provides a range of digital solutions in Russia.The Russian government has ownership of the company through the Federal agency for state property management, possessing around 45 per cent as share capital and 48.7 per cent as ordinary shares.In September, Reuters reported that Rostelecom’s ownership structure was set for a shake-up.Russian bank VTB expects to receive a 17 per cent stake in Rostelecom, as part of a deal to sell its stake in Tele2 Russia to the state-owned operator.Rostelecom owns a 45 per cent stake in Tele2 Russia, while VTB owns the remaining 55 per cent.The deal could be completed by the end of the year. Subscribe to our daily newsletter Back privatisationRostelecomRussiashare sale AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 01 OCT 2019 Author Yanitsa Boyadzhieva Tags Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more center_img Related Apple tipped for Russian app first Previous ArticleKPN hires new CEO following Leroy scandalNext ArticleMasmovil strikes 5G agreement with Orange Russia fines Apple for apps market abuse GSMA tips 5G to gain Eurasia foothold within 5 years Thrive – News last_img read more