It’s easy to be a backseat driver, but in the context of case flight from hospitals to outpatient facilities, buying large hospitals from national chains “because we can run them better” is a bit risky. Well, what the heck, it’s incredibly risky, so risky in fact, that one investor, Joel Freedman, and his company American […]
Category: Impending Death of Hospitals
Hospitals are focusing their hard and few-earned dollars exactly where it counts, spending big bucks on the physician executives who will surely rescue them from nosocomial existential syndrome: chief officers of this or that trendy trend.
Was it really their decision? Or have the physician partners realized that they no longer need the hospital?
Creative destruction is taking aim directly at community hospitals
In one fell swoop, CMS pulled the rug out from under hospital control of physician practice, rendering many, if not almost all, hospital outpatient clinics unprofitable.
Last week, on November 7, 2018, the medical group affiliated with Michigan’s Wayne State University Medical School, University Physician Group, which does business as Wayne State University Physician Group (“WSUPG”), filed Chapter 11 bankruptcy. How is that even possible, you ask? After all, you were told that there’s safety in what is essentially hospital employment. […]
In one fell swoop, CMS pulled the rug out from under hospital control of physician practice, rendering many, if not almost all, hospital outpatient clinics unprofitable. But this isn’t a story about hospitals. It’s a story about the positive impact the change will make on opportunities for physicians, both in connection with independent medical practices […]
n a recent article in the North Bay Business Journal, Jan Emerson-Shea, vice president, external affairs at the California Hospital Association, was quoted, when speaking of community hospitals, as saying that, “there’s a host of challenges that all hospitals face but particularly these small, independent hospitals.
You can’t believe your luck! You’re in the back of an ambulance, its siren streaming as it pulls into the emergency entrance of Big Medical Center of Somewhere, America. You’re quickly rolled inside, in tremendous pain but still conscious. Up walks a physician in impeccable C-suite attire with a stethoscope draped over his neck. God […]
It’s not quite like life imitating art, but it’s probably as close to it as I’m going to see today. I just read a puff piece sponsored by Bank of America, pricey click bait for hospital CFOs, that supposedly features a roundtable “conversation” among (oxymoron warning) forward-looking hospital CFOs. Apparently, these CFOs have just realized […]
