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How to Heal a Hospital


Level: Advanced
Runtime: 56 minutes
Recorded Date: August 23, 2017
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Agenda


  • Cause of the Rise in Healthcare Business Bankruptcies?
  • What Qualifies as a Healthcare Business?
  • Jurisdiction Issues
  • Buying/Selling a Healthcare Business
  • U.S. Bankruptcy Codes: Sec. 101 (27)(a), 332, 333, 351, 503(b)(8)
  • Bankruptcy Rule 6011 - Disposal of Patient Records in Healthcare Business Case
  • 42 USC Section 1395(g)(a)
  • 42 CFR 405.37(a)(1) and (2)
Runtime: 56 minutes
Recorded: August 23, 2017
For NY - Difficulty Level: Experienced attorneys only (non-transitional)

Description

In this session, the panelists will discuss the unique operational issues that arise when guiding a hospital or health care agency through the bankruptcy or restructuring process, including calculation and collection of account receivables through Medicare and private insurance, proper maintenance of patient records, and the sale and transfer of operational licenses and patient lists. We will also discuss the impact of the Affordable Care Act on health care operations, and what might be expected in future restructurings in today’s political climate.

This program was recorded on August 23rd, 2017.

Provided By

American Bankruptcy Institute
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Panelists

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Lori Ritchey-Baldwin

CFO
St. Elizabeth Healthcare

Ms. Ritchey-Baldwin has more than 18 years of financial experience. She most recently served as vice president of finance of St. Elizabeth Healthcare for the past two years. In this role, she is credited with helping develop St. Elizabeth's strategic and financial plans, as well as with creating improved processes for using work capital and implementing a new budgeting process.

Prior to joining St. Elizabeth Healthcare, Ms. Ritchey-Baldwin served as vice president, controller and chief accounting officer at Chiquita Brands Internationals from 2008 to 2012 and audit manager for Deloitte & Touche Professional Services.

Ms. Ritchey-Baldwin succeeds Nathan VanLaningham, who left St. Elizabeth Healthcare to become senior vice president of finance for Columbus-based OhioHealth.

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Shawn M. Riley

President
McDonald Hopkins LLC

Shawn is the president of McDonald Hopkins and the founder of our Business Restructuring Services Department. He has 30 years of experience advising clients on strategic alternatives, including acquisitions, sales, mergers, affiliations, refinancings, recapitalizations, and restructurings. Shawn has counseled boards of directors on meeting their fiduciary duties in a variety of circumstances. Shawn has experience in a number of industries, including automotive, energy, manufacturing, retail, casual dining, plastics, telecommunications, and healthcare – including community and rural hospitals and long-term care. He has counseled businesses ranging in size from $10 million in revenue to multi-billion dollar public companies. Although resident in (and former head of) the Cleveland office, Shawn’s clients are located throughout the United States.

Shawn is the author of numerous articles and is a frequent lecturer on corporate governance, restructuring and fiduciary duty issues.

Shawn earned his J.D., magna cum laude, from Case Western Reserve University in 1986. He received a B.A., magna cum laude, from Kent State University in 1983.

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Adam M. Back

Member
Stoll Keenon Ogden PLLC

Adam is a Member in Stoll Keenon Ogden’s Lexington office, focusing his practice on bankruptcy, non-bankruptcy workouts, creditors’ rights, and distressed transactions. He has extensive experience in Chapter 11 (reorganization of commercial debt) and Chapter 9 (reorganization of municipal debt) bankruptcies and has represented major secured lenders, vendors, and lessors in significant coal industry cases in the U.S. Bankruptcy Courts for the Eastern Districts of Kentucky and Virginia.

Additionally, his practice includes substantial commercial and business litigation in Kentucky state courts and federal courts inside and outside of Kentucky, serving as lead counsel for multiple regional and local bank clients in commercial litigation, including collection and foreclosure matters.

Adam is listed in The Best Lawyers in America? and is a frequent speaker on creditors’ rights issues and has presented at external seminars sponsored by organizations including the University of Kentucky and the Kentucky Bar Association-Young Lawyers Division. Active within the community, Adam is a founding director of University You, Inc. and a member of the Steering Committee for Commerce Lexington’s Leadership Lexington Youth Program. He currently serves on the board of directors for the Fayette County Bar Foundation, was a member of the 2013-14 Leadership Lexington program and previously served on the United Way of the Bluegrass Community Building Cabinet and as a volunteer instructor for Junior Achievement of the Bluegrass.


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