We are pleased to have been able to support AEHN and Siemens with AEHN's re-badging production strategy, while also providing the company with a path to more secure access control and multi-application card flexibility," said Eric Widlitz, managing director, Identity and Access Management, Americas with HID Global.
Organizations like AEHN can use HID solutions to seamlessly manage multiple applications and migration projects that incorporate diverse access-control technologies and require the broadest choice of single and combination cards.
This enabled AEHN to complete its re-badging production run in just four weeks, with minimum involvement from its protective services team.
Since adopting the new smart-card badges, AEHN departments have integrated other functions including single sign-on to computers, which enhances information security and cashless vending, which integrate AEHN's cafeteria and vending systems with its KRONOS payroll system.
Although AEHN obligated group debt ratios are favorable, when including the FHA debt, debt ratios are weak compared against Fitch's 'A' category medians;
AEHN should net roughly $15-$20 million a year from this assessment based on its Medicaid population.
AEHN has not booked any revenue related to the assessment program in the interim period.
One of Fitch's main credit concerns is AEHN's heavy Medicaid load, which accounted for 29% of net patient revenue in FY 2010, exposing AEHN to the potential for spending cuts at the state and federal levels including changes to disproportionate share (DSH) funds.
To strategically offset these pressures, and to ensure the funding of its commitment to medical education and its safety net role, AEHN is seeking to improve its payor mix and realize profitable growth by developing an acute care presence in the more affluent and fast growing suburb of East Norriton Township, approximately 20 miles north of downtown Philadelphia.
Upon closure of MHMC, AEHN will relocate MHMC's patient base to the new facility.
AEHN operates AEMC, a 509-bed tertiary teaching hospital in northern Philadelphia, and several other ambulatory and specialized facilities, including MossRehab, a nationally recognized inpatient rehabilitation hospital located in nearby Elkins Park.
5% of gross revenues in fiscal 2008, exposing AEHN
to the potential for spending cuts at the state and federal levels.