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Re: As investors buy struggling hospitals, big change comes to New Jersey health care
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Another exceptional reason not to step foot in Bayonne:
Quote: In its short existence as a for-profit hospital, Bayonne Medical Center?s sticker prices for nearly all of the 50 most common diagnoses have become among the highest in the nation. It charged one insurer $36,300 to treat a migraine in its ER, another $8,200 to bandage a finger.
Posted on: 2014/8/26 3:55
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As investors buy struggling hospitals, big change comes to New Jersey health care
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Home away from home
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As investors buy struggling hospitals, big change comes to New Jersey health care
AUGUST 23, 2014, 8:38 PM LAST UPDATED: SUNDAY, AUGUST 24, 2014, 9:32 PM BY LINDY WASHBURN STAFF WRITER THE RECORD Bayonne Medical Center wasn?t just bragging about efficiency when it posted a big digital clock on a highway billboard a few years ago to show the real-time waits in its emergency room. It wanted patients to come to its ER. Lots of patients. It didn?t matter if the hospital was in the patient?s insurance network. On the contrary, to the businessmen who had recently purchased the medical center, those ?out-of-network? patients held the key to reversing Bayonne?s fortunes. These owners, who bought the hospital in bankruptcy, had found an unintended ? and very profitable ? consequence to a state regulation that was designed to protect patients with urgent medical needs. While the regulation required insurance companies to pay for emergency treatment at hospitals where their coverage wasn?t normally accepted, it did nothing to control the size of the bills the hospitals could submit to those insurers. Read more here: http://www.northjersey.com/news/as-in ... sey-health-care-1.1072639
Posted on: 2014/8/26 3:09
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