HealthLeaders Media Finance - July 9, 2007 | Carilion's call View as a Webpage | Subscribe for Free
Carilion's Call
Philip Betbeze, Senior Editor-Finance

Ed Murphy's got something going on down Virginia way. At first glance, his quest might seem quixotic, but he hopes Carilion Clinic (the former Carilion Health System) will soon be practicing medicine the same way as do some of the best-known, most trusted, and longest-tenured health centers in the world. Ed was on the cover of the June issue of HealthLeaders magazine as an important source for me in writing about the resurgence of the model practiced until recently in isolation by such stalwarts as the Cleveland Clinic, Mayo Clinic and other prestigious medical centers that exclusively employ physicians in a team-focused approach to healthcare. He's busy trying to convert a traditional health system to practicing medicine the old-fashioned way, before Medicare and the emergence of the third-party payment system.
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  July 9, 2007

 
Editor's Picks
Judge dismisses group of hospitals' suit against St. Barnabas over Medicare fraud contention
A judge dismissed a suit by a group of hospitals against St. Barnabas Health System in New Jersey. The suit sought damages from the hospital that overbilled Medicare by hundreds of millions of dollars-so much, the other hospitals said-that they were deprived of government money because of it. [Read More]
Caritas Christi sale deal scuttled because finances worse than expected
The Archdiocese of Boston's tentative deal to hand over its troubled Caritas Christi Health Care system to Ascension Health of St. Louis collapsed after five months of research by Ascension showed the hospital chain was in worse financial shape than it expected. [Read More]
Lt. Governor agrees: Atlanta hospital a state issue
Georgia Lt. Gov. Casey Cagle said he agrees with House leaders that the state must play a role in keeping Atlanta's Grady Memorial Hospital in business. However, Cagle, who is president of the Senate, stopped short of committing to spend more money on the hospital, saying it's premature to talk about increased funding before a plan is developed. [Read More]
UConn hospital settles Medicare overcharging case
The University of Connecticut Medical Center will pay more than $475,000 to settle complaints that it overcharged Medicare for cancer treatments from 2002-2004. [Read More]
Tenet touts St. Louis hospital as model for company's turnaround
Nearly nine years ago, when Tenet acquired Des Peres Hospital in St. Louis, the hospital was irrelevant to patients in St. Louis. It treated only 2 percent of the hospital patients in the area. Now the hospital is revitalized, its admissions having tripled, and financially troubled Tenet is now touting the hospital company-wide as a model of what it can do with its portfolio of hospitals nationwide. [Read More]
Finance Forum
Carve-outs mean hospitals need to redefine their business model
To stay competitive in the expanding market, hospitals must redefine the industry's outmoded business model, say contributors Michael N. Abrams and David K. Garver. [Read More]
Finance Headlines
Cincinnati hospitals to leave Health Alliance
Cincinnati Enquirer - July 9, 2007
University of Michigan heart center gets $50 million donation
AP/Yahoo News - July 9, 2007
Corruption feeds Russian health crisis
AP/Yahoo News - July 9, 2007
Hospitals in St. Louis area will merge, lay off some staff
St. Louis Post-Dispatch - July 9, 2007
Upcoming Events
HealthLeaders Media News - July 9, 2007
From HealthLeaders Magazine
Keep 'Em Close
HealthLeaders June 2007 The goals of the hospital and its physicians are not the same, right? Wrong. The desire for better outcomes and efficiency in healthcare is giving new life to the clinic model of integrated care. [Read More]
Money Talk

A look at one hospital's struggles to improve

University of Illinois Medical Center


Rating: A
Outlook: Stable
Affected Debt: $40.7 million
Agency: Standard & Poor's
Remarks: Outlook revised from negative thanks to a delay in the system's large capital project, which will now not start until 2010 at the earliest.

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Audio Feature

A Physician-Driven Culture: Kelby R. Krabbenhoft, president and CEO of Sanford Health in Sioux Falls , S.D., talks about the challenges of focusing resources toward forming an integrated model of healthcare by offering employment, but more importantly, a physician-driven culture.
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