The new hospitals are expected to improve the company’s patient volumes, which will, in turn, boost its revenues. Its revenues are witnessing a consistent rise. For 2023, the company expects net operating revenues to be within $4,680-$4,760 million, the mid-point of which indicates an improvement of 8.5% from the 2022 reported figure of $4,348.6 million. Also, an aging population is likely to continue to boost demand for the company’s services.
Billboards have gone up across California warning about the negative effects of unchecked mergers in the healthcare system. The Protect California Patients campaign is a coalition of more than 30 organizations that support Assembly Bill 1091, which would give the attorney general more oversight on mergers worth more than $15 million.
Shelby County Mayor Lee Harris wants to build a new, state-of-the-art Regional One Health hospital in the Medical District of Memphis. The mayor’s ambitious plan would create a flagship public hospital that would partner with the University of Tennessee, similar to how Vanderbilt University Medical Center partners with Vanderbilt University in Nashville.
In some areas, moving from a full-service hospital model to a state-of-the-art micro-hospital, like the new one proposed in Fredonia, is imperative to regain solid financial footing and increase the number of primary care and specialist physicians in the area. Brooks-TLC hospital leadership, medical staff, partners, and the state Department of Health have worked hard to find the right balance.
The $14.3 million project will be a 24-hour full-service emergency room providing urgent care, diagnostic services and laboratory services for adults and children.