Word: santangelo
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Dates: during 1990-1999
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According to Santangelo, Medicare pays for teaching in hospitals through two subsidies: graduate or direct medical education payments (GME), and indirect medical education payments...
Massachusetts hospitals as a whole stand to lose almost $1.3 billion in revenue over the next seven years under the Republican legislation, says Anthony J. Santangelo, director of the Boston Organization of Teaching Hospital Financial Officers, a group made up of 10 chief financial officers of Massachusetts teaching hospitals...
Indirect medical education payments, according to Santangelo, are intended to compensate teaching hospitals for the additional infrastructure costs inherent in the teaching mission, such as the extra costs of having standby capacity or treating more severely ill patients...
...market reality in Massachusetts has further exacerbated the situation, says Santangelo...
Competition among HMOs has forced teaching hospitals to cut costs in various ways. For example, one of the hospitals in Santangelo's group is starting to cut specialty training positions...