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Health Care Alliances and Conversions : A Handbook for Nonprofit
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Item specifics
- Condition
- Very Good
- Seller notes
- Book Title
- Health Care Alliances and Conversions : A Handbook for Nonprofit
- ISBN
- 9780787941772
About this product
Product Identifiers
Publisher
Wiley & Sons, Incorporated, John
ISBN-10
0787941778
ISBN-13
9780787941772
eBay Product ID (ePID)
405615
Product Key Features
Number of Pages
228 Pages
Language
English
Publication Name
Health Care Alliances and Conversions : a Handbook for Nonprofit Trustees
Subject
Health Care Issues, Nonprofit Organizations & Charities / Management & Leadership
Publication Year
1998
Type
Textbook
Subject Area
Health & Fitness, Business & Economics
Format
Hardcover
Dimensions
Item Height
0.7 in
Item Weight
15.1 Oz
Item Length
9.1 in
Item Width
6.4 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
98-040155
Dewey Edition
21
Reviews
"James Schwartz and Chet Horn . . . are now the nation's leadingexperts on not-for-profit hospital sales and conversions. Readingthis book is truly learning at the knee of the master. It isindispensable for not-for-profit boards of directors." --from theForeword by Linda Miller, president, Volunteer Trustees Foundationfor Research and Education "This book is a comprehensive primer in the arcane world ofnonprofit hospital asset conversions. It is a ?must read' fornonprofit hospital trustees who are contemplating a sale, lease, orjoint venture with a for-profit company." --Bud Lee, president,California Association of Catholic Hospitals "The guide for decision makers, a how-to-do-it manual for everynonprofit hospital director in America. Our country's health carewill be much improved if directors buy and read this book."--Phillip L. Isenberg, counsel with the firm of Hyde, Miller, Owen& Trost, Sacramento, California; former California StateAssemblyman and author of California's law regulating the sale orjoint venturing of nonprofit hospitals with for-profits
Illustrated
Yes
Dewey Decimal
344.73/03211
Table Of Content
AcknowledgmentsThe AuthorsForewordIntroduction Introduction Fiduciary Obligations Duty of Obedience to Charitable PurposeStep 1: Find Out to WhetherYou Can Convert Your Hospital at AllStep 2: Determine How You CanSpAnd the Charity's Money Duty of Loyalty Duty of Due Care Conclusion Strategic Planning Get the Board Involved Early Identify the Legally Permissible OptionsDetermine RestrictionsAvoidCommon Errors Assemble the Right Team of Experts to Work with Your Management,Identify the Problems, and RecommAnd Solutions Shape Your Options to meet Your Goals and Work with YourCommunityMeeting Your GoalsEngaging the Community Give Yourself Enough Time to Make a Reasoned Decision Conclusion Planning for the Post-Conversion Charity Goal 1: Educate the Affected Community and Involve It in theDecision-making Process Goal 2: Create a Structure for the Post-Conversion Charity That IsConsistent with Your State Law Goal 3: Create a Charitable-SpAnding Plan for Your Post-ConversionFoundationThe Historical-Services OptionThe Charitable-ComponentOptionThe Supporting-Organization Option Establish an Investment and Management Structure for the ConversionProceedsStep 1:Setting Your Investment GoalsStep 2: Selecting anInvestment AdviserStep 3: Establishing Written InvestmentGuidelines That Include DiversificationStep 4: MonitoringInvestment PerformanceStep 5: Negotiating Terms to Protect theCharity from Loss or Excessive Fees Conclusion Selling Your HospitalThe Sale ProcessGetting the Right Advice atthe Right Price: Marketing and Valuation Experts, NegotiatingExpert FeesAvoiding Conflicts of InterestObtaining a FormalValuation: Necessity, Timing, Source and CostUnderstandingValuation Advice: Fairness Opinions and Valuation Opinions,Valuation MethodologiesMarketing Your Hospital: Soliciting Interestby Buyers, Getting the Bidding Started, Auction Sales: Optimizingthe Possibility of Obtaining Fair Market Value, Single-BidderSales: "Shopping the Deal" and Protecting the Price, Choosing the"Best" OfferDocumenting the Agreement: Letter of Intent, DefinitiveAgreementConclusion Joint VenturesKeys to a Successful Joint-Venture AgreementTheTypical Joint-Venture Model: Advantages, RisksPolicyAnalysisInvestment Analysis: What Percentage of Your Assets WillYou Invest? Will Your Returns Equal the Value of the Assets YouInvested? Could You Do Better Elsewhere?Process: Understanding theIssues, Get Fair Market Value, Make Sure the Deal Documents ProtectYouProtecting Yourself and Your Hospital: Understand theLimitations of Your Expert(s), Let the Market Work for You, PursueYour Values, Not Someone Else's, Evaluate Comparable Proposals, BeWary About Using Selection Criteria Other Than PriceStructuring theTransaction: Letter of Intent, Contribution and Sale Agreement,Operating Agreement, The "Put," Conclusion Legal Protections for Directors and Trustees--and the Consequencesfor Failing to Use ThemLegal Protections: Business Judgemnet andCareful Conduct Rules, Delegation, Reliance, and Other SafeHarbors, Directors' and Officers' Liability Insurance,IndemnificationLegal Consequences: Charitable-Trust Civil Actions,Internal Revenue ServiceConclusion AppAndix A: Glossary AppAndix B: The Law of Fiduciary Duties Affecting Directors andTrustees of Nonprofit HospitalsDuty of Obedience to CharitablePurpose: Defining the Trust, Adapting the Trust to Changing Timesand Circiumstances, Restrictions on he bUse of ConversionProceedsDuty of Loyalty: General Standards, Trust-Law Standard,Corporate-LAw Standard, california standard, real-Life ExamplesDutyof Due Care: Standards in Practice: Good Faith, reasonable Inquiry,Dure Diligence, Process Protections Index
Synopsis
In the past two decades countless nonprofit community hospitals and health care facilities have combined with for-profit institutions, joined large nonprofit systems, or converted to joint ventures with for-profit chains. As we enter the next millennium, this trend is accelerating. Health Care Alliances and Conversions provides nonprofit directors with all the practical advice they need to plan for their institution's future and to create decision-making systems that will eliminate their risk of personal liability. This advice is particularly timely when it comes to nonprofit hospital conversions and alliances. Health Care Alliances and Conversions provides nonprofit hospital directors and senior managers with practical guidance for understanding the numerous forms of conversions including the most controversial type of transactions--joint ventures with for-profit chains. The book is filled with the information and tools health care leaders need to plan for the future of their institutions and effectively evaluate their strategic partnering options. In clear, concise, and non-legal language, authors James R. Schwartz and H. Chester Horn, Jr.--the nation's leading experts in the health care conversion field--explain nonprofit directors? fiduciary duties in these complex conversion transactions and offer practical advice that can help facilitate this difficult decision-making process. The book clarifies nonprofit directors? and trustees? responsibilities to the communities they serve and offers solid recommendations on how to manage the conversion process without damaging institutions? or directors? reputations. The authors describe how to create marketing and valuation strategies that will meet the legal standards enforced by government regulators. They also reveal the steps for quickly closing a deal and provide the keys to avoiding pitfalls that can block approval. Step by step the book outlines how trustees and directors can protect themselves from personal liability, and explains the legal limitations on the use of conversion proceeds. In addition, the book is filled with easy-to-understand charts and tables that provide a handy reference summary of the legal duties that apply to these complex transactions. A Blueprint for Effective Board Oversight and Action Filled with practical information and step-by-step guidance, Health Care Alliances and Conversions is an indispensable resource for directors and trustees who are coping with the decision to convert their not-for-profit health care institutions. "James Schwartz and Chet Horn . . . are now the nation's leading experts on not-for-profit hospital sales and conversions. Reading this book is truly learning at the knee of the master. It is indispensable for not-for-profit boards of directors'from the Foreword by Linda Miller, president, Volunteer Trustees Foundation for Research and Education "This book is a comprehensive primer in the arcane world of nonprofit hospital asset conversions. It is a ?must read? for nonprofit hospital trustees who are contemplating a sale, lease, or joint venture with a for-profit company."--Bud Lee, president, California Association of Catholic Hospitals "The guide for decision makers, a how-to-do-it manual for every nonprofit hospital director in America. Our country's health care will be much improved if directors buy and read this book."?Phillip L. Isenberg, of counsel with the firm of Hyde, Miller, Owen & Trost, Sacramento, California; former California State Assemblyman and author of California's law regulating the sale or joint venturing of nonprofit hospitals with for-profits, The guide for decision makers, a how-to-do-it manual for everynonprofit hospital director in America. Our country's health carewill be much improved if directors buy and read this book. ?Phillip L. Isenberg, of counsel with the firm of Hyde, Miller, Owen & Trost, former California State Assemblyman and author ofCalifornia's law regulating the sale or joint venturing ofnonprofit hospitals with for-profits Health Care Alliances and Conversions provides nonprofit directors, trustees, and executives with practical advice for understandingthe numerous forms of conversions including the most controversialtype of transactions'joint ventures with for-profit chains. Inconcise and non-legal language, the authors explain directors'fiduciary duties in these complex conversion transactions. The bookclarifies nonprofit directors' and trustees' responsibilities tothe communities they serve and offers solid recommAndations on howto manage the conversion process without damaging reputations. Theauthors describe how to create marketing and valuation strategiesthat will meet the legal standards enforced by governmentregulators. This book is filled with easy-to-understand charts andtables, providing a summary of the legal duties that apply to thesecomplex transactions., The guide for decision makers, a how-to-do-it manual for every nonprofit hospital director in America. Our country's health care will be much improved if directors buy and read this book. ?Phillip L., The guide for decision makers, a how-to-do-it manual for everynonprofit hospital director in America. Our country's health carewill be much improved if directors buy and read this book. ?Phillip L. Isenberg, of counsel with the firm of Hyde, Miller,Owen & Trost, former California State Assemblyman and author ofCalifornia's law regulating the sale or joint venturing ofnonprofit hospitals with for-profits Health Care Alliances and Conversions provides nonprofit directors,trustees, and executives with practical advice for understandingthe numerous forms of conversions including the most controversialtype of transactions'joint ventures with for-profit chains. Inconcise and non-legal language, the authors explain directors'fiduciary duties in these complex conversion transactions. The bookclarifies nonprofit directors' and trustees' responsibilities tothe communities they serve and offers solid recommAndations on howto manage the conversion process without damaging reputations. Theauthors describe how to create marketing and valuation strategiesthat will meet the legal standards enforced by governmentregulators. This book is filled with easy-to-understand charts andtables, providing a summary of the legal duties that apply to thesecomplex transactions.
LC Classification Number
KF3825.S38 1999
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