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Presbyterian could save millions with help from auto manufacturer.(Business)
Byline: Nancy Salem nsalem@abqtrib.com / 823-3675
Presbyterian Healthcare Services expects to save $2.5 million a year thanks to a business model designed by the automaker DaimlerChrysler Corp. to help its suppliers contain costs.
Efficiency has become a critical issue for health-care providers in New Mexico as low reimbursement rates in Medicare and Medicaid haven't kept pace with skyrocketing costs. Presbyterian Health Plan recently reported a 1999 net operating loss of $26 million. The HMO cited a $98 million increase in medical costs.
"We've looked at ways to become more efficient to meet market forces," said Dennis Angellis, the health plan's chief medical officer.
Angellis, who came to Presbyterian last year from Michigan's Mercy Health Services, looked to DaimlerChrysler, which began providing cost-containment and efficiency …
