Fri Nov 30, 2012 12:41pm EST
(Reuters) – Shares in Health Management Associates Inc fell scarcely 3 percent on Friday forward of a “60 Minutes” radio shred on a sanatorium chain’s admissions practices that will atmosphere on CBS on Dec 2.
According to a website for “60 Minutes,” a shred will inspect allegations by doctors that a sanatorium sequence pressured them to acknowledge patients regardless of their medical needs.
The Naples, Florida-based sanatorium company, that operates 70 hospitals in 15 states, pronounced in a matter on a website that it shielded “third-party experts” to inspect admissions information for particular hospitals and opposite a company.
“The information simply do not support a allegations,” it wrote.
During a discussion call on Friday morning for investors, it pronounced a admissions practices were line with attention standards.
“A Health Management examination shows there is no basement for an claim (that) admissions by a puncture dialect increased,” Alan Levine, a comparison clamp boss and Florida organisation boss during Health Management, pronounced during a call.
Levine pronounced he was interviewed by “60 Minutes” for a segment, and in further to deliberating a admissions practices he was questioned about a company’s contrast procedures.
He shielded a contrast procedures and pronounced Health Management followed attention standards.
Health Management has a $2 billion marketplace capitalization and is approaching to record revenues of about $6.7 billion this year. It was founded in 1977 and is focused on tiny to mid-sized markets.
Shares in a association fell 3 percent, or 24 cents, to $7.83, in morning New York Stock Exchange trading.
(Reporting by Caroline Humer; Editing by Jeffrey Benkoe)