Healthcare Strategic Management articles from June 2002

Healthcare Strategic Management archives from June 2002

Health care systems may offer 'open health management'. (Market Memo).
June 1, 2002... There is a slowly growing movement in the financial services industry that the health care industry, and particularly hospitals, health plans, and other health care organizations (HCOs) that have or aspire to having long-term relationships with...

Hospitals must raise rates, make profits.(reassure employees)
June 1, 2002... States are slashing planned increases in their Medicaid budgets, and Congress is refusing to pay its fair share for Medicare, but private health insurance premiums are soaring 20% to 80%, and many hospitals are being paid more by managed care...

Pennsylvania hospitals face skyrocketing liability insurance premiums. (Strategic Notes).(Brief Article)
June 1, 2002... Pennsylvania hospitals are estimated to be paying more than $180 million in additional premiums for medical liability insurance compared to one year ago, according to a statewide survey of medical professional liability coverage. The...

Saint Luke's plans $70 million campus revitalization. (Strategic Notes).(Cleveland hospital)(Brief Article)
June 1, 2002... Saint Luke's, Cleveland, Ohio, is planning a $70 million campus revitalization effort across 27.7 acres. Central to the plan is a 52,000-square-foot medical and commercial office building, renovation of the existing hospital building to...

Team Health acquires Spectrum Healthcare Resources. (Strategic Notes).(Brief Article)
June 1, 2002... Team Health of Knoxville, Tenn., has completed its acquisition of Spectrum Healthcare Resources (SHR), a provider of permanent health care professional staffing services to military health care facilities. Exact financial terms were not...

Surgical Alliance plans hospital in Ohio. (Strategic Notes).(Brief Article)
June 1, 2002... Surgical Alliance Corp. of Nashville, Tenn., plans to develop a $38 million, 95,000-square-foot hospital in New Albany, Ohio, with local physicians. The planned two-story, 95,000-square-foot New Albany Surgical Hospital is scheduled to...

HMA acquires Texas hospital from Manor Care. (Strategic Notes).(Health Management Associates buys Mesquite Community Hospital)(Brief Article)
June 1, 2002... Health Management Associates (HMA) of Naples, Fla., has acquired Manor Care Inc.'s 172-bed Mesquite Community Hospital in Mesquite, Texas, for $80 million. HMA previously acquired the 176-bed Medical Center of Mesquite in December 2001....

Hospital to undergo $54 million expansion. (Strategic Notes).(Washington Hospital of Washington, PA)(Brief Article)
June 1, 2002... The Washington Hospital in Washington, Penn., has announced plans for a $54 million expansion that will add 48 inpatient beds, two operating rooms and a larger emergency department. The hospital is adding two new buildings totaling 124,000...

SurgiCare enters merger talks. (Strategic Notes).(Brief Article)
June 1, 2002... SurgiCare Inc., of Houston, Texas, said it is in preliminary discussions to be acquired by another health care provider. SurgiCare said all conversations are nonbinding in nature at this point, so it won't release the acquirer's name or...

SurgiCare acquiring ambulatory surgery center management and consulting firm for $6.8 million. (Strategic Notes).(Aspen Healthcare Inc.)(Brief Article)
June 1, 2002... SurgiCare Inc., of Houston, Texas, is acquiring closely held Boulder, Colo.-based Aspen Healthcare Inc., a health care consulting, development and management firm specializing in ambulatory surgery centers (ASC), for $6.8 million. Aspen...

Groups move to acquire Baptist Health System. (Strategic Notes).(Tenet Healthcare Corp., Christus Santa Rosa Health)(Brief Article)
June 1, 2002... A Tenet Healthcare Corp. subsidiary and Christus Santa Rosa Health have formed a partnership to pursue the acquisition of Baptist Health System of San Antonio. Financial terms and other specifics were not released. Baptist Health System...

Uninsured face significant health hurdles. (Statistical Notes).(Brief Article)
June 1, 2002... Americans without health insurance are more likely to receive too little medical care and receive it too late, be sicker and die sooner, and receive poorer care when they are in the hospital even for acute situations like a motor vehicle crash....

Health care services sector sees merger, acquisition activity decline in the first quarter. (Statistical Notes).(Brief Article)(Statistical Data Included)
June 1, 2002... Most segments of the health care services market saw declines in the number of mergers and acquisitions in the first quarter compared to the same period 2001 and to fourth quarter 2001, according to health care research firm Irving Levin of New...

Managed care organizations significantly boost online capabilities to serve customers. (Statistical Notes).(Brief Article)(Statistical Data Included)
June 1, 2002... Managed care companies are accelerating efforts to make their Web sites more than just repositories of provider directors by using technology that allows patients and doctors to file and track claims, access explanations of benefits, and even...

Sun Healthcare Group sees $12 million net loss for first quarter. (Statistical Notes).(Brief Article)(Statistical Data Included)
June 1, 2002... Sun Healthcare Group Inc. of Albuquerque, N.M., reported a net loss of $12.2 million before extraordinary charges for the first quarter, down from $16 million for the same period 2001, the company announced in May. Sun reported quarterly...

Kaiser Foundation report highlights changes in the health care marketplace. (Database Notes).(Brief Article)
June 1, 2002... A new report from the Henry J. Kaiser Family Foundation highlights the changing nature of the health care industry, particularly in regard to the structure of the marketplace and the trends in health plan and provider relationships. Among...

Level of neonatal intensive care affects infant care positively, negatively. (Worth Reading).(Brief Article)
June 1, 2002... Additional neonatologists resources can reduce the risk for neonatal mortality, but only to a point, researchers write in the May 16 issue of The New England Journal of Medicine. In the article, lead researcher D.C. Goodman said that the...

Study: HMO enrollees not healthier than non-HMO counterparts. (Worth Reading).(Brief Article)
June 1, 2002... Dispelling conventional views that HMOs receive favorable patient selection, researchers at the Washington, D.C.-based Center for Studying Health Systems Change say they have found that is not the case when comparing the health status of...

Bioterrorism vs. traditional disasters: distinct response required. (Worth Reading).(Brief Article)
June 1, 2002... Bioterrorism will require a very different response from health care providers than do traditional disasters, according to a recent article in American Journal of Health-System Pharmacy. Author Barbara M. Poe said differences among the two...

Greater nursing staff levels result in better care for hospital patients. (Nurse Staffing).(Brief Article)
June 1, 2002... Confirming prior findings, a new study published in the May 30 issue of The New England Journal of Medicine finds that greater nursing staff levels result in better care for hospitalized patients. In "Nurse-staffing levels and the quality...