Financial meltdown: key legal issues for healthcare organizations.
The economic downturn can lead to many types of legal issues, including: The need to negotiate forbearance agreements. Failure to pay vendors in a timely manner. Difficulty fulfilling charity care policies. The need for salary freezes or staff reductions. Healthcare financial leaders are advised to be familiar with debt/bond documents, track compliance, retain expert counsel, and keep management informed of key issues.
DeMuro
Paul R
PR
Latham & Watkins LLP, San Francisco, USA. paul.demuro@lw.com
D003284:Contract Services; D004467:Economics; D005376:Financial Management / Q000379:methods*; D006268:Health Facilities / Q000191:economics* / Q000331:legislation & jurisprudence*; D006801:Humans; D008503:Medical Staff / Q000191:economics; D017008:Negotiating