The Knowledge Group Has Scheduled a Live Webcast on Changing the Balance of Power Through Bankruptcy in a Changing Hospital Landscape
The Knowledge Group, the leading producer of regulatory-focused webcasts, announced today that it has scheduled a live webcast entitled: Changing the Balance of Power Through Bankruptcy in a Changing Hospital Landscape.
- (1888PressRelease) April 04, 2025 - This event is scheduled for April 15, 2025, from 3:00 PM to 4:00 PM ET.
Event Summary:
In today’s rapidly evolving healthcare environment, heightened scrutiny and regulatory changes present unique challenges for industry professionals. The hospital sector had only five bankruptcy filings in 2024, down from 12 in 2023, but the Steward Health Care System filing included 31 hospitals and was the largest hospital bankruptcy in the last 30 years. This year has already seen 4 hospital systems file bankruptcy cases, including Prospect Medical Holdings with 16 hospitals nationwide. Current federal budget projections propose $880 billion in cuts over the next decade, which are expected to fall primarily on Medicaid. Medicaid pays for 19% of all spending on hospital care in the United States. Absorbing reductions in Medicaid spending could be challenging for hospitals, particularly for those that care for a relatively large share of Medicaid patients. Rolling back coverage would increase the number of uninsured patients, which could result in higher uncompensated care costs. These cuts could potentially accelerate the pace of hospital bankruptcy cases or outright closures, including in rural areas. Added to these likely financial pressures, the federal government and state governments are increasing exercising oversight over hospital mergers and acquisitions. For example, in response to concerns about private equity involvement in healthcare, several states are increasing oversight of hospital sales and mergers, with Attorney Generals playing a key role. Finally, regulatory pressures continue to mount. For example, the US Department of Justice’s Health Care Fraud Unit now has over 80 attorneys pursuing allegations of fraud, The healthcare industry plays a disproportionate role in False Claims Act recoveries, accounting for over $1.67 billion, or more than 57 percent, of the total FCA proceeds in FY 2024 (even though it only represents approximately 19% of total GDP).
Join our speakers, Samuel R. Maizel, Director, Distressed Healthcare, and Tania M. Moyron, Chair, Restructuring, Insolvency and Bankruptcy Group, Dentons US LLP, for this CLE webcast as they explore essential strategies and practices necessary to navigate the increasingly stringent regulatory environment and increasing financial situations facing hospitals and effectively capitalize on new opportunities.
Attendees will gain valuable insights into recent legal decisions which allow hospital owners, sellers and buyers, to more effectively manage mergers and acquisitions, all tailored to the current dynamics of the healthcare sector.
Key issues that will be covered in this webinar include:
• How bankruptcy can allow challenges in federal court years earlier than otherwise allowed
• How bankruptcy can limit the powers of state attorney generals in oversight of sales of hospitals
• How bankruptcy can allow the transfer of Medicare and Medicaid provider agreements without successor liability
• How bankruptcy limits the offset rights of the Medicare and Medicaid programs
• How bankruptcy can allow borrowing that primes HUD loans
Speakers/Faculty Panel
Samuel R. Maizel
Partner
Dentons
Tania M. Moyron
Partner
Dentons
For an updated list of the faculty panel, please visit:
https://knowledgewebcasts.com/know-portfolio/changing-the-balance-of-power-cle/
About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.
The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.
Contact:
Therese Lumbao
Director, Account Management & Member Services
The Knowledge Group, LLC
info ( @ ) theknowledgegroup dot org
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