Tatge Comments on Law Firm Opportunities from Small Hospital BankruptciesAmerican Lawyer December 1, 2007
David B. Tatge, a Member of the Firm in the Business Law, Litigation, and Health Care and Life Sciences practices in the firm's Washington, DC office, was quoted in a December 1, 2007, American Lawyer magazine article about recent hospital bankruptcies that could lead to big business opportunities for law firms with restructuring departments.
In the article, "Flatlining Hospitals Mean Big Fees for Law Firms," Tatge said that hospitals are at the losing end of simple economics. "One of the difficulties here is that as money gets paid down the chain ?... the provider is at the bottom," he said.
The article noted that while the list of problems plaguing the nation's hospitals is large, the most significant losses stem from the growing discrepancy between costs and insurance reimbursement rates. These problems impact most hospitals, but particularly small medical centers.
Tatge heads the Creditors' Rights, Bankruptcy and Financial Restructuring practice in the Firm's Washington, DC office.