New Jersey For Profit Hospitals

N.J. Senate panel approves bill requiring for-profit hospitals to post financial information

As another bidding war over a struggling nonprofit hospital heats up in North Jersey, a Senate panel today took aim at the spread of for-profit hospitals by approving a bill that would require they disclose financial information to the public.

Any hospital that wants a share of the state "charity care" fund for treating uninsured patients would have to supply information detailing their operating budget, such as sources of income, its business holdings and salaries, and other information nonprofit entities are required to file with the IRS, according to bill sponsored by Senate Majority Leader Loretta Weinberg (D-Bergen).

The state Department of Health and Senior Services would collect and post the information on its website, according to the bill, (S782).

For-profit hospital trend dangerous for Hudson County, N.J.

Hudson County is at a crossroads. Last week, the community faced the prospect that Christ Hospital would be sold to Prime Healthcare Services.  If the sale had proceeded, four of the county’s hospitals would have been owned and operated by for-profit entities.  Christ would have joined Meadowlands Hospital Medical Center, Bayonne Medical Center and Hoboken University Medical Center as institutions no longer dedicated solely to delivering quality and affordable health care services to their patients.

Prime Healthcare drops bid for N.J. Christ Hospital

Prime Healthcare Services pulled its bid to buy a New Jersey hospital last week, saying it was deferring to the wishes of local elected officials who wanted to see the hospital remain a locally operated nonprofit.

The proposed deal met strong resistance from a health workers union and a community group that aired concerns over Prime’s business model.

Prime leaders and Christ Hospital attorneys also faced tough questions from health regulators and the New Jersey attorney general’s office, including queries about billing practices based on findings of a yearlong investigation by California Watch. The nonprofit investigative news operation has identified a pattern at Prime Healthcare of billing Medicare for treatment of rare conditions among its elderly patients – conditions that enable the chain to reap lucrative bonus payments.

N.J. looks to close fee loophole utilized by Meadowlands Hospital Medical Center

New Jersey is set to clamp down on a North Jersey hospital that insurance companies claim is billing them as much as 3,000 percent more than its own outpatient surgery centers charge for the same treatment.

Part of the plan by Gov. Chris Christie’s administration to contain rising auto insurance rates targets the business practices of Meadowlands Hospital Medical Center in Secaucus, bought in December by the owners of three surgery centers in Bergen and Essex counties.

Since then, the new owners have been referring auto accident victims from their same-day surgery center to Meadowlands to take advantage of a fee loophole, according to insurance executives and confirmed by the Department of Banking and Insurance. The state limits what same-day surgery centers may charge, but it does not regulate what hospitals may charge for most outpatient care. And at Meadowlands, that difference can be substantial insurers and state officials say.

Bayonne Medical Center could shut out some Medicaid recipients under new agreement with insurance company

After a very bitter and public feud, the Bayonne Medical Center and Horizon Blue Cross Blue Shield of New Jersey announced an agreement last month that made the hospital in-network for subscribers.

The dispute cast a large shadow on a bid by the ownership group of Bayonne Medical Center to purchase Hoboken University Medical Center. Some feared that customers of the state’s largest insurer — Blue Cross Blue Shield of New Jersey — would be shut out of the the Hoboken facility.

The parties said last month's agreement would extend to Hoboken and quelled some of those fears, but the fine print of the agreement has raised new concerns.

Owners of Bayonne Medical Center spent $350K on lobbyists and political campaigns in past 2 years, records show

The ownership group of Bayonne Medical Center may be as well versed in the art of Trenton politics as it is in medicine.

Facing legislative calls for increased oversight of for-profit hospitals as it pursues a controversial deal at Hoboken University Medical Center, the group has spent more than $350,000 in the past two years on political campaigns and high-powered lobbyists to make their case at the Statehouse, records show.

The Bayonne hospital paid Rosemont Associates, a lobbying firm that employs former U.S. Sen. Robert Torricelli (D-N.J.) to help convince the chairmen of the state legislative budget committees to support an $11 million earmark to ease the sale of the Hoboken University Medical Center, records show.

N.J. looks to close fee loophole utilized by Meadowlands Hospital Medical Center

New Jersey is set to clamp down on a North Jersey hospital that insurance companies claim is billing them as much as 3,000 percent more than its own outpatient surgery centers charge for the same treatment.

Part of the plan by Gov. Chris Christie’s administration to contain rising auto insurance rates targets the business practices of Meadowlands Hospital Medical Center in Secaucus, bought in December by the owners of three surgery centers in Bergen and Essex counties.

Since then, the new owners have been referring auto accident victims from their same-day surgery center to Meadowlands to take advantage of a fee loophole, according to insurance executives and confirmed by the Department of Banking and Insurance. The state limits what same-day surgery centers may charge, but it does not regulate what hospitals may charge for most outpatient care. And at Meadowlands, that difference can be substantial insurers and state officials say.

Good buy, health care, Why are local hospitals becoming for-profit – and what are the consequences?

Within the span of 19 months, Hudson County residents have witnessed the sale of one of the local hospitals – Meadowlands Hospital Medical Center in Secaucus – and the pending sales of two others, Hoboken University Medical Center and Christ Hospital in Jersey City. In all three instances, the hospitals switched, or will switch, from nonprofit ownership to become for-profit entities.

These sales come just a few years after the closures of Greenville Hospital and St. Francis Hospital in Jersey City, and three years after Bayonne Medical Center also changed hands from nonprofit to for-profit ownership.

LibertyHealth signed a contract Friday to sell Meadowlands Hospital in Secaucus to a Newark-based healthcare investment company that will maintain the 230-bed facility as an acute care hospital, officials said.

LibertyHealth signed a contract Friday to sell Meadowlands Hospital in Secaucus to a Newark-based health care investment company that will maintain the 230-bed facility as an acute care hospital, officials said.

The sale to MHA LLC, which must be approved by the state, will result in another for-profit hospital in the state.

Meadowlands, which opened 34 years ago, was sold "to ensure its long-term future as an acute-care hospital," said Mark Rabson, director of corporate affairs for LibertyHealth, which also operates Jersey City Medical Center.