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Clarifying Often Nebulous and Contentious Terminology
[By Staff Reporters]
According to Robert James Cimasi; MHA, CMP™ of Health Capital Consultants LLC in St. Louis, MO; the definition of a hospital’s “market” is often nebulous.
Ambiguous Terms
Some entities are defined by terms as ambiguous as “acute care inpatient hospitals,” “specialty hospitals,” or “anchor hospitals.” This ambiguity occurs because healthcare is increasingly provided on an outpatient basis, and general acute care inpatient hospitals face competition from a range of allied healthcare providers for the medical services they deliver.
Link: www.HealthcareFinancials.com
US Supreme Court Explains
For example, none other than the US Supreme Court has explained that the determination of relevant hospital product and geographic markets is “a necessary predicate” to deciding whether a hospital merger contravenes the Clayton Act (antitrust).
Assessment
For additional information, please see United States v. Marine Ban Corporation Inc., 418 U.S. 602, 618 (1974) (citing United States v. E.I. Du Pont De Nemours & Co., 353 U.S. 586, 593 (1957); Brown Shoe Co. v. United States, 370 U.S. 294, 324 (1962).
Conclusion
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[HEALTH INSURANCE, MANAGED CARE, ECONOMICS, FINANCE AND HEALTH INFORMATION TECHNOLOGY COMPANION DICTIONARY SET]
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Filed under: Glossary Terms, Health Law & Policy, Managed Care | Tagged: Health Capital Consultants, healthcare competition, healthcare facilities, hospitals, LLC, physician owned hospitals, Robert Cimasi, specialty hospitals | 2 Comments »
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