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Financial meltdown: key legal issues for healthcare organizations
1Latham & Watkins LLP, San Francisco, USA. paul.demuro@lw.com
Abstract:
The economic downturn can lead to many types of legal issues, including: The need to negotiate forbearance agreements. Failure to pay vendors in a timely manner. Difficulty fulfilling charity care policies. The need for salary freezes or staff reductions. Healthcare financial leaders are advised to be familiar with debt/bond documents, track compliance, retain expert counsel, and keep management informed of key issues.
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Payment for healthcare services has historically promoted adoption of costly and often unnecessary or inefficient...
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