About the Author
Part I -- Healthcare Finance in Good Times
Chapter 1 Short-Term Financing
Chapter 2 Taxable Long-Term Financing
Chapter 3 Tax-Exempt Bond Financing
Part II -- Healthcare Finance in Challenging Times
Chapter 4 Creating the Perfect Financial Storm
Chapter 5 The Healthcare Financial Crisis
Chapter 6 Hospital Finance Issues
Chapter 7 The Credit Crisis and Healthcare
Chapter 8 Prospects and Strategies
Chapter 9 Overall Reassessment
Table of Acronyms and Abbreviations
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The credit crunch. Tax-exempt bond debt. Difficulty getting bank loans and letters of credit.
David Lips' groundbreaking new publication explores the impact of the credit crisis on the healthcare industry, particularly on nonprofit hospitals. It provides a detailed description of finance alternatives for for-profit and nonprofit healthcare providers including the pros and cons of obtaining bank loans, selling stock to raise capital, issuing tax-exempt bonds, and other financing mechanisms common in the healthcare industry. The legal underpinnings of these options are detailed to provide a frame of reference for evaluating them, along with a list of critical questions an entity needs to consider when pursuing each type of financing. Finally, the author suggests constructive ways for hospitals to move forward so that they may stem their financial uncertainties and overcome economic obstacles.
"A thinking person's book on health care finance. Practical and insightful analysis from an author who integrates the lessons of the past with the dynamic state of our current financial markets."
-Richard G. Cowart, Esq.
Baker Donelson Bearman Caldwell & Berkowitz PC
"Healthcare Capital Finance: In Good and Challenging Times is a must have for healthcare practitioners, and should remain readily accessible in your healthcare library. It provides a thorough and understandable survey of key capital finance issues faced in the healthcare industry today. Finance lawyers will also find this publication to
be a useful resource even if they do not specialize in healthcare, as many of the topics discussed are relevant to their practice."
-Paul R. Demuro, Esq.
Latham & Watkins LLP
About the Author David A. Lips, Esquire, is a tax and transactions attorney at Hall Render Killian Heath & Lyman, P.C., the second largest healthcare law firm in the United States. His clients are primarily hospitals and hospital systems. He has been a tax accountant and an auditor, and he also has extensive experience in economic development and public policy. He recently served on the board of directors for a venture capital firm. A graduate of Duke Law School and the Fuqua School of Business at Duke University, Lips is licensed to practice in Connecticut, Indiana, and Kansas. He practices from his firm's headquarters in Indianapolis, Indiana.