Word: profitability
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...across the top of the page, there's an option to switch the site to evil mode. Click on it, and the blue skies disappear, replaced with the fires of hell and an ominous message: "Recover embarrassing deleted tweets for fun and profit." Because Tweleted uses publicly available records, the website can recover not only your deleted tweets but also everyone else's. And since Twitter users aren't exactly known for filtering their thoughts, the few things they think twice about should be interesting. (See the top 10 celebrity Twitter feeds...
...Market sentiment was boosted earlier in the week by a surprisingly good profit report from Goldman Sachs, which logged second quarter earnings of $3.4 billion and an eye-popping return on equity of 23%. Investors got a second round of heartening news on Wednesday morning when Intel reported sales that were 10% better than analysts had been expecting; Intel's earnings also beat expectations by a wide margin and the company offered encouraging guidance about the third quarter. The chipmaker's shares rose more than 7% Wednesday, putting the stock's rise so far this year at 25%. Intel...
Buried in the 850-page House health-reform draft is a provision that could in effect ban further construction of doctor-owned, for-profit specialty hospitals and prohibit existing ones from expanding. (The provision would prevent new facilities from receiving any Medicare payments and would limit changes to current facilities.) Senators Charles Grassley and Max Baucus, who lead the body's powerful Finance Committee, have been vocal critics of the doctor-owned specialty-hospital model and the industry expects similar language to be included in any upcoming Senate health-reform bill as well. Doctor-owned specialty hospitals would "wither...
Specialty hospitals that focus on providing care for children or cancer patients have long existed, but the target of the House legislation is something else entirely - for-profit health-care facilities owned by doctors that perform some of the most lucrative medical procedures in fields like orthopedics and cardiology. There are now some 220 such facilities operating mostly in the South and Midwest - up from 110 in 2001 - generating some $40 billion in annual revenue. According to Sandvig, more than 80 additional facilities are currently under development. (Read "Starting Health-Care Reform...
...highest margin reimbursements from insurers, money community hospitals use to cover the cost of low-margin or money-losing services like burn units, neonatal care and treating the uninsured. When healthier, fully insured patients migrate away from community hospitals to specialty facilities, their reimbursements go with them. Overall profit margins at specialty hospitals, sometimes as high as 30%, dwarf those of community hospitals. Plus, specialty hospitals don't typically treat many Medicaid patients, which bring in some of the lowest reimbursements available...