893949--2/28/2008--PEDIATRIX_MEDICAL_GROUP

related topics

{regulation, government, change}

{system, service, information}

{personnel, key, retain}

{provision, law, control}

{stock, price, operating}

{acquisition, growth, future}

{financial, litigation, operation}

{loan, real, estate}

{regulation, change, law}

{tax, income, asset}

{product, liability, claim}

{competitive, industry, competition}

{loss, insurance, financial}

{condition, economic, financial}

Matters relating to our historical stock option granting practices have required us to incur substantial expenses and may result in regulatory proceedings, governmental enforcement actions and other litigation. We may become subject to billing investigations by federal and state government authorities. The healthcare industry is highly regulated and government authorities may determine that we have failed to comply with applicable laws or regulations. Government authorities or other parties may assert that our business practices violate antitrust laws. We are subject to changes in private employer healthcare insurance and government-sponsored programs. Government programs or private insurers may limit, reduce or make retroactive adjustments to reimbursement amounts or rates. Our affiliated physicians may not appropriately record or document services they provide. We may not find suitable acquisition candidates or successfully integrate our acquisitions. Our acquisitions may expose us to greater business risks and could affect our payor mix. Federal and state laws that protect the privacy and security of patient health information may increase our costs and limit our ability to collect and use that information. Our employees may not appropriately secure and protect confidential information in their possession. There may be federal and state healthcare reform, or changes in the interpretation of government-sponsored healthcare programs. We may not be able to successfully recruit and retain qualified physicians to serve as affiliated physicians or independent contractors. A significant number of our affiliated physicians could leave our affiliated practices or our affiliated professional contractors may be unable to enforce the non-competition covenants of departed physicians. We may be subject to medical malpractice and other lawsuits not covered by insurance. The reserves that we have established in respect of our professional liability losses are subject to inherent uncertainties and if a deficiency is determined this may lead to a reduction in our net earnings. We may write-off intangible assets, such as goodwill. We may not effectively manage our growth. We may not be able to maintain effective and efficient information systems. Our quarterly results will likely fluctuate from period to period. The value of our common stock may fluctuate. We may not be able to collect reimbursements for our services from third-party payors in a timely manner. Hospitals may terminate their agreements with us, our physicians may lose the ability to provide services in hospitals or administrative fees paid to us by hospitals may be reduced. Hospitals could limit our ability to use our management information systems in our units by requiring us to use their own management information systems. Our industry is already competitive and could become more competitive. Unfavorable changes or conditions could occur in the states where our operations are concentrated. We are dependent upon our key management personnel for our future success. Our currently outstanding preferred stock purchase rights could deter takeover attempts. Provisions of our articles and bylaws could deter takeover attempts.

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893949--2/28/2008--PEDIATRIX_MEDICAL_GROUP_INC