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BIRMINGHAM, Ala., Feb 27, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- HealthSouth Corporation (NYSE: HLS) provided preliminary comments on President Obama's budget proposal released by the Office of Management and Budget on February 26, 2009.
-- HealthSouth has been a leader in advocating policy aimed at eliminating
barriers within Medicare's current fragmented post-acute care
system and the inefficiencies created by those barriers, so that we can
provide high quality, cost effective care to patients who need it.
-- The President's proposal to "bundle" post-acute care
services may offer real potential to improve Medicare's post-acute
care system; if done appropriately and carefully, it could result in
improved patient care.
-- We believe further research and study is appropriate and necessary. The
Centers for Medicare & Medicaid Services ("CMS") is in the
process of conducting multiple studies and research in these areas and
we support these research initiatives.
-- The details, structure, and timing of the budget proposal are still
largely unknown, but we do know the proposal would need Congressional
approval. Moreover, it would be extremely important to guarantee that
appropriate safeguards are put in place to ensure that payment dollars
are allocated to the actual providers of quality post-acute care. To do
otherwise would be problematic, both for healthcare providers and
patients who need the services.
-- We look forward to working with the Administration, Congress, and the
acute hospital and post-acute care provider communities on this
important issue. As the nation's leading provider of comprehensive
rehabilitative healthcare services, HealthSouth looks forward to
offering insights on the current fragmented and inefficient post-acute
care system that, in many instances, constrains providers from offering
comprehensive post-acute care and services to all patients who would
benefit from such care.
HealthSouth will host a conference call at 9:30 a.m. EST on Monday, March 2, 2009, to share its thoughts on the Obama Administration Budget Proposal. The conference call may be accessed by dialing (866) 406-5369 and giving the pass code 88096717. International callers should dial (973) 582-2847 and give the same pass code. Please call approximately 10 minutes before the start of the call to ensure you are connected. The conference call will also be webcast live and will be available at http://investor.healthsouth.com/ by clicking on an available link.
Media Contact
Andy Brimmer, 205-410-2777
Investor Relations Contact
Mary Ann Arico, 205-969-6175
maryann.arico@healthsouth.com
SOURCE HealthSouth Corporation
http://www.healthsouth.com
Copyright (C) 2009 PR Newswire. All rights reserved
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