As per the report, on 24 September, Tennessee Health Services and Development Agency sanctioned a certificate-of-need
application for Vanderbilt University Hospital for adding 108 beds.
While Fitch acknowledges that stabilizing occupancy rates, a long-term demand for services, and certificate-of-need
barriers to new facilities and beds are in providers' favor, likely reductions in Medicaid reimbursement, increasing labor and insurance costs, growing capital needs, and more governmental scrutiny continue their pinch.
Particularly since such regulatory approaches as hospital rate-setting, (2) price controls, (3) and certificate-of-need
legislation (4) had proven to be dismal failures in constraining the rise of health costs.
In the asset acquisition from Hallmark Healthcare, Georgia Baptist received a 44-bed certificate-of-need
for a replacement facility which Georgia Baptist plans to build within the next two years.
3 million) of a renovation and construction project called the Renaissance Project, some of which includes a certificate-of-need
approved construction project that is being financed with proceeds from FAHC's series 2000A bonds.
I must respectfully disagree with Reta Underwood's contention that states such as Ohio should do away with their certificate-of-need
(CON) policies regulating the number of beds available for licensure and certification ("Where Do Nursing Facilities Go Wrong?
These included rate setting agencies for providers and national certificate-of-need
3 /PRNewswire/ -- Georgia Baptist Medical Center, one of Georgia's premier teaching hospitals, announced today it will file a Certificate-of-Need
(CON) with Georgia's State Health Planning Agency to build Fayette County's first hospital, to be called Baptist South Hospital.
Venture acquisition is comparatively small, it is important to note that two of the newly acquired MRI units are located in Missouri, a certificate-of-need
state that limits the number of MRI units.
Federal health planning legislation adopted creating certificate-of-need
For my part, I once believed it was a strong plus to have certificate-of-need
(CON) regulation and reasonable government reimbursement, but since the Balanced Budget Amendment of 1997, I think both have risk as well as opportunity.
According to the AARP report, in 1995, 45 states regulated the growth of the nursing home sector through a certificate-of-need
process or a moratorium on building new facilities.