At first, I thought it was a joke.
The healthcare world was supposedly abuzz last week when the New England Journal of Medicine published (on Jan 2, 2020) the report of a study that shows that consolidation in the hospital industry doesn’t lead to higher patient satisfaction or to higher quality.
The tides of healthcare ebb and flow like the width of men’s ties and the political affiliation of Michael Bloomberg.
Hospital systems across the country suffer from bloated fixed costs, huge payrolls, layers and layers of bureaucracy, and management by managers, not by entrepreneurial thinkers.
An article in the Wall Street Journal (Saturday/Sunday edition, September 28 – 29, 2019) revealed that the corporate debt of large physician services companies, TeamHealth and Envision Healthcare, was now trading below the distress ratio. These, and other, healthcare companies’ junk-rated bonds are now trading below 80 cents on the dollar, the upper limit of […]
Hospital systems across the country suffer from bloated fixed costs, huge payrolls, layers and layers of bureaucracy, and management by managers, not by entrepreneurial thinkers.
Creative destruction is taking aim directly at community hospitals. You can fight to save them.
Creative destruction is taking aim directly at community hospitals
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. […]
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.
We often mentally create roadblocks and boogeymen big and small (e.g., the “competition,” “that’s the way it’s done,” “the hospital controls us”) and throw them up in front of us as if they were real, when the truth is that they’re simply self-created, imagined limitations.
