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Offshore Assets. How Floating Hospital used Medicaid to steer course toward profit. As a ship, New York clinic got fat reimbursements, then expanded on land. Contracts and lovers in suit.

Number	20465
Subject	Health Care
Source	Wall Street Journal (New York)
State	NY
Year	2000
Publication Date	July 27, 2000
Summary	According to the article, "The Floating Hospital traces its origins to the 1860s when a group of New York Times editors decided that ailing newsboys would benefit from a dose of fresh sea air. Today, the 187-foot, four-deck vessel, usually moored near the southern tip of Manhattan island, provides health care to the uninsured and to people on Medicaid. Dogged by financial troubles in the early 1990s and wanting to reach more of the indigent, it developed a plan to become a year-round clinic, and in the process, was able to wangle a large Medicaid reimbursement because of substantial capital costs for the ship."
Category	General
Pages	3
Keywords	M
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