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Article: Creative payment strategy helps ensure a future for teaching hospitals.(Cover Story)
- Article from:
- Healthcare Financial Management
- Article date:
- November 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Teaching hospital costs are substantially higher than nonteaching hospital costs. Additional payment for teaching hospitals is necessary to cover the costs of graduate medical education. One study estimated expenses for graduate medical education to be as much as 14 percent of a teaching hospital's budget.(a)
Denver Health Medical Center (formerly, Denver Health and Hospitals) and the University Hospital, whose missions are specifically directed toward both teaching and providing care to low-income patients, were targeted as the primary recipients for this MTH payment program. These two large, Denver-based public institutions serve the largest combined Medicaid ...