PRRB ruling alters bond refunding outlook.
A recent ruling by the Provider Reimbursement Review Board on an accounting change for hospital bond refinancing may compel some CEOs to reconsider refinancing now. Hospitals may not be able to claim this loss once capital reimbursement is folded into the prospective pricing system, experts warn. Hospitals should accelerate their refundings--assuming, of course, that market conditions are favorable.
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D002202:Capital Financing / Q000331:legislation & jurisprudence*; D014487:Centers for Medicare and Medicaid Services, U.S.; D005377:Financial Management, Hospital / Q000331:legislation & jurisprudence*; D011445:Prospective Payment System / Q000331:legislation & jurisprudence*; D014481:United States