Financial meltdown: key legal issues for healthcare organizations
DeMuro, P.R.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 63(5): 52-6 58
2009
ISSN/ISBN: 0735-0732 PMID: 19445400 Document Number: 629088
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.