I find it interesting that a lifetime of experience can lead you to a point where what you’ve mastered has an impact on a whole new segment of an industry you’ve not considered.
Health Care Committee
Committees
Health care bankruptcies present debtor’s counsel with a whole host of unique issues. Should a patient care ombudsman be appointed?
Newly incorporated into the Bankruptcy Code[2] as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA),
One of the goals of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) is to provide greater protections to patients in health care business bankruptcies. See Pub.L. No. 109-8. To that end, new Bankruptcy Code provisions have been enacted to specifically address issues that arise in health care business bankruptcies.
Sicko, the need for improvement was apparent. Costs had spiraled out of control, quality of care was inconsistent and health care providers faced daunting operational and financial challenges.
The 2005 amendments to the Bankruptcy Code have been the source of much controversy. The “patient care ombudsman,” a new position created in health care bankruptcies, however, is one addition that has received little attention in the press. Congress added the position in the newly-codified §333 of the Code.
New Jersey’s hospitals, like acute care centers in many states, are facing an increasingly difficult future. This is especially true for the state’s urban hospitals, where the payor mix is skewed toward charity care patients instead of those who are fully insured.
The Berger Commission report will change New York’s health care system and create an environment ripe with opportunities for restructuring professionals to assist boards and management teams in the following areas:
Strategy: Evaluate M&A and combination opportunities
A significant portion of the revenue of many health care providers is dependent upon payments made by governmental health care programs such as Medicare and Medicaid.
Sales of debtors’ assets in bankruptcy proceedings are quite common, either as part of a plan of reorganization or liquidation or pursuant to Bankruptcy Code §363. The Bankruptcy Code and the Federal Rules of Bankruptcy Procedure provide that a sale of a debtor’s assets occurs after notice to all creditors and an opportunity for a hearing.
Mr. Brian Bonaviri
Co-Chair
MERU
Charlotte, NC
(617) 290-2449
Co-Chair
MERU
Charlotte, NC
(617) 290-2449
Mr. Robert M. Schechter
Co-Chair
Porzio, Bromberg & Newman, P.C.
Morristown, NJ
(973) 889-4127
Co-Chair
Porzio, Bromberg & Newman, P.C.
Morristown, NJ
(973) 889-4127
Ms. Samantha Ruben
Communications Manager
Dentons US LLP
Chicago, IL
(847) 790-6473
Communications Manager
Dentons US LLP
Chicago, IL
(847) 790-6473
Ms. Clare Moylan
Education Director
Gibbins Advisors, LLC
Nashville, TN
(615) 696-6556
Education Director
Gibbins Advisors, LLC
Nashville, TN
(615) 696-6556
Mr. Jason M. Reed
Membership Relations Director
Maslon LLP
Minneapolis, MN
(612) 672-8301
Membership Relations Director
Maslon LLP
Minneapolis, MN
(612) 672-8301
Mr. Robert Fitzgerald, Esq.
Newsletter Editor
Skadden, Arps, Slate, Meagher & Flom LLP
Chicago, IL
(312) 407-0806
Newsletter Editor
Skadden, Arps, Slate, Meagher & Flom LLP
Chicago, IL
(312) 407-0806