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Key Considerations for Health Care Equipment Leasing in Today's Market
The health care industry is going through a period of unprecedented change and uncertainty due to the slow-to-recover economy, tight credit markets, increasing costs and health care reform. These challenges are substantial and are expected to continue well into the future as health care reform unfolds. We know that major health care policy changes create winners and losers, as the Balanced Budget Act of 1997 demonstrated. The impact of recent health care reform legislation will be much broader.
In the midst of this turbulence, health care continues to be a very capital-intensive industry. Health care providers, including hospitals, physician practices, skilled nursing facilities, long-term care, home health care, labs, imaging centers, etc., must not only maintain their existing facilities, but also keep up with continuous advances in medical equipment and information technology (“IT”) if they hope to stay competitive. However, providers' access to capital for equipment purchases is being restricted, making leasing an attractive option for capital-starved and cash-strapped health care organizations. For leasing companies, this is clearly good news. While there are a number of complexities to operating in the health care leasing arena, there also are more than ample opportunities. Those leasing companies that are proactive in mitigating certain industry risks have an opportunity to be very successful in this space.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
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How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.