Healthcare Strategic Management articles from June 2003

Healthcare Strategic Management archives from June 2003

Providers find success with women's cardiovascular. (Market Memo).(cardiovascular disease is a major problem for American women)
June 1, 2003... Cardiovascular disease is the number one killer of American women each year. While providers may generally be aware of this fact, a number of studies suggest women are more likely to think cancer--breast cancer in particular--is their biggest...

Public measures of hospital quality coming.(Medicare's Thomas Scully is pushing for a pay-for-performance programs to pay hospitals for providing higher quality and lower-cost care)
June 1, 2003... Medicare's Thomas Scully wants to use Premier's data collection system to pilot a pay-for-performance program that would pay hospitals for delivering higher quality, and presumably, lower-cost care. Scully, director of the Centers for...

Northwestern Memorial Hospital breaks ground on new Prentice Women's Hospital. (Strategic Notes).(Brief Article)
June 1, 2003... Northwestern Memorial Hospital recently broke ground on its new, $502.5 million Prentice Women's Hospital in downtown Chicago. The 256-bed, 938,000-square-foot facility replaces the hospital's 28-year-old, 159-bed, 337,000-square-foot...

Community Health Systems acquires Pottstown, Pa., hospital for undisclosed price. (Strategic Notes).(Pottstown Memorial Medical Center)(Brief Article)
June 1, 2003... Community Health Systems of Brentwood, Tenn., is acquiring Pottstown Memorial Medical Center, a 299-bed not-for-profit located in Pottstown, Pa. Sale terms were not disclosed. "The acquisition of Pottstown Memorial Medical Center will...

Kaiser Permanente to build hospital, medical complex in Antioch, Calif. (Strategic Notes).(Brief Article)
June 1, 2003... Kaiser Permanente has announced plans to build a 150-bed hospital and medical office complex in Antioch, Calif. Currently, groundbreaking for the new medical center is projected for 2004, with a 2007 opening. Dates are estimates only at...

Tenet Healthcare sells former St. Luke Medical Center to California university. (Strategic Notes).(California Institute of Technology)(Brief Article)
June 1, 2003... Tenet Healthcare, of Santa Barbara, Calif., has announced that it is selling its former St. Luke Medical Center in Pasadena, Calif., to the California Institute of Technology. Terms of the deal were not disclosed. The property, located...

Good Samaritan Hospital starts construction on $27 million Women's and Children's Center. (Strategic Notes).(Brief Article)
June 1, 2003... Good Samaritan Hospital, in San Jose, Calif., has started construction on its $27 million Women's and Children's Center. Good Samaritan's new tower will be a four-story structure with about 110,000 square feet. The hospital will offer more...

For-profit chains report profitable first quarter, except for battered Tenet Healthcare. (Strategic Notes).(hospitals)
June 1, 2003... For-profit hospital chains reported positive results for the first quarter, with the notable exception of Tenet Healthcare. Tenet, of Santa Barbara, Calif., said it lost $20 million for the three months ended March 31, compared to net...

Investor-owned chains, large hospital systems tops among most expensive operating rooms. (Statistical Notes).
June 1, 2003... Investor-owned hospitals and large hospital systems dominate a list of the 100 most expensive operating rooms in the U.S., according to a recent report from the California Nurses Association (CAN) and the Institute for Health and Socio-Economic...

GAO report shows specialty hospitals treat less seriously ill patients than general hospitals. (Statistical Notes).(Brief Article)
June 1, 2003... Specialty hospitals tend to treat less seriously ill patients than general hospitals, leaving community hospitals with the sicker, higher-cost population, according to a recent report from the U.S. General Accounting Office (GAO). The GAO...

ACHE report shows hospital CEO turnover decreased to 14% in 2002, its lowest level in years. (Statistical Notes).(Brief Article)
June 1, 2003... Hospital CEO turnover decreased to 14% in 2002, its lowest level in at least six years, according to a recent report from the Chicago-based American College of Healthcare Executives. The hospital turnover rate for calendar year 2002...

Fitch Ratings predicts nursing shortage will continue to stress finances, inhibit credit ratings. (Statistical Notes).(Brief Article)
June 1, 2003... The nationwide nursing shortage is expected to balloon from 6% currently to 29% by 2020, straining hospitals' finances and inhibiting credit quality, according to a recent report from Fitch Ratings. New York-based Fitch blames the coming...

Study: physicians report they don't have enough time with patients, even as patient time increases. (Statistical Notes).
June 1, 2003... While physicians spent about two additional hours a week on patient care in 2001 than in 1997, more doctors say they don't have enough time with patients, according to a recent national tracking study released by the Center for Studying Health...

CGE&Y study finds MCOs have nearly doubled their IT spending since 1999. (Database Notes).(Cap Gemini Ernst & Young, managed care organizations)
June 1, 2003... Managed care organizations have nearly doubled their information technology (IT) spending since 1999 to replace or enhance existing systems, implement new technologies and provide web-based customer service, according to a recent study by Cap...

Study: Less than half of health care organizations are fully HIPAA compliant despite passed deadline. (Database Notes).(Health Insurance Portability and Accountability Act)(Brief Article)
June 1, 2003... A recent survey finds that only 48% of responding health care organizations have yet to address all of HIPAA's requirements, even though the compliance date passed on April 14. About 45% of respondents acknowledged they are still developing...

HIBCC task force to help implement standardized IT systems for health providers. (Database Notes).(the Health Industry Business Communications Council sets up a provider-based task force)(Brief Article)
June 1, 2003... The Health Industry Business Communications Council (HIBCC) has established a provider-based task force to assess the needs of health care institutions in implementing standardized information technology systems. The patient safety systems...

Solucient releases web-based customer relationship management application. (Database Notes).(Brief Article)
June 1, 2003... Evanston, Ill.-based health care market intelligence firm Solucient has released CRM View, a web-based customer relationship management application. According to Solucient, CRM View enables health care providers to manage customer...

CGE&Y launches web-based tool designed to reduce coding errors, delays in claims processing. (Database Notes).(Cap Gemini Ernst & Young Health )(Brief Article)
June 1, 2003... Cap Gemini Ernst & Young (CGE&Y) Health, of New York, is offering its clients access to license a web-based tool that automates the process by which hospitals can update and monitor their charge master systems. It also helps make them compliant...

Designing comprehensive facilities to capture women's buying power. (Comprehensive Women's Health).(hospitals consider programs to help capture women's medical purchasing power)
June 1, 2003... Many hospitals are considering developing programs specifically designed to capture the medical purchasing power of women. Depending upon their size, market characteristics and their current service mix, their attention focuses on everything...

New $85 million Stanford cancer center will triple dedicated space. (Stanford Cancer Center).(Stanford University Medical Center's Center for Cancer Treatment and Prevention/Ambulatory Care Pavilion to open in early 2004)
June 1, 2003... When the new, $85 million Stanford University Medical Center's Center for Cancer Treatment and Prevention/Ambulatory Care Pavilion opens in early 2004 it's expected to immediately rank as one of the nation's comprehensive cancer treatment...