costs of such action so incurred, including, without limitation, reasonable attorney’s fees and applicable court costs. Ex. A at § F.3. Additionally, Hospital is entitled to recover its reasonable and necessary attorney’s fees under Chapter 38 of the TEXAS CIVIL DEFENDANTS & REMEDIES CODE.…
MedStar Union Memorial Hospital (MUMH) is a nonprofit community-based hospital and a nationally rank for their specialty performance in nephrology, orthopedics, heart bypass surgeries & knee replacement, general and medical surgery. The hospital is located in north central Baltimore city area and was founded in 1854 by the “Union Protestant Infirmary” to “provide shelter and medical care to the sick, poor, and disabled”. In 1923, the name was changed to recognize and honor the people who have contributed to its development and foundation. The hospital has the mission to be distinguished by their specialty, quality, educational and clinical research that it serves within the community with a vision: “to be the trusted leader in caring for people…
Mergers The closure of so many departments coupled with reduced staffing levels has led several rural hospitals to offset their financial burden through mergers with larger health systems. The acquisition of smaller hospitals by larger health networks have been a growing trend in the healthcare industry. Noles (2015) notes that, the yearly number of hospital mergers have exponentially increased since 2009 with more than 60 percent of hospitals now in a network. Harrison (2011) has linked this increased propensity of hospital mergers to declining reimbursement combined with greater capital needs.…
Health organizations are consolidating in order to create economies of scale which decreases the per-unit cost of care while increasing quality of care. More health organizations are forming health systems by becoming vertically integrated, which offer consumers a one stop continuum of care model (Shay et al., 2013). Vertical integration links services that are at different stages in the process of health care. By integrating a continuum of care health organizations are able to enhance quality of patient care and sustainability, in a highly regulated and competitive marketplace.…
The rationale for this merger for Bonita's was to improve the target firm's barganing power with hospital groups and strengthen it as a competitor. For Pro Sano the rationale is to secure the continuation of the coverage provided to its members and beneficiaries by mitigating the risk of its likely insolvency. The market for medical schemes administration was not assessed further as there was no overlapping activities of the merging parties. The Commission considered that Bonitas uses Medscheme as its administrator and Pro Sano is self administered and concluded that there was no overlap in the activities of the merging parties. The geographic market for the services-national.…
Physician-hospital alignment Back Ground The collaboration between physicians and hospitals to work together for achieving a shared goal of quality health care services to patients is known as physician alignment. The concept of physician hospital alignment has been experimented in United States in 1990, at that time hospitals acquired primary care practices to meet managed care or gate keeper models and to increase their revenues, payments to physicians are given in the form of salaries which are equal to physician salaries before acquisition with a minimum of three to five guarantee. In most of the cases, lack of integration, financial challenges, complexities with payment methods and physician involvement, this physician alignment models are not able meet the expectation, after huge losses encountered to hospitals, most of these models are stopped and physicians and hospitals restored previous practices.…
First, we must look at the stakeholders within the community and analyze what they have to lose if the situation gets worse. Then, we outline all possible courses of action Ralph can take as CEO of Community Memorial Hospital. Lastly, we must consider the pros and cons of each course before finally making a decision regarding the situation in the ER. Stakeholders in the community can be broken up into groups as such: Hospitals & Staff • CMH- Hospital could potentially close • CMH CEO Ralph – Could lose job due to closure • City Hospital – finances are at stake • City Hospital’s CEO Jim – Could lose his job • Surrounding Hospitals and their CEOs—Depending on the choice of Ralph these hospitals could lose more money Patients • Indigent Patients – May not be able to receive any care • The surrounding community – The ER services are being over flowed with people and this could cause the community to be underserved.…
Disproportionate Share Hospitals (DHS) which once served as a safety net to the uninsured and underinsured is under threat to provide the population it was designed to help. Drastic budget cuts to this vital lifeline of the health care system could affect the health care needs of this vulnerable population. At the same time, there must be increased restrain to rein in the costs. We cannot talk about DSH, without first discussing the role of safety net hospital play in the healthcare system. Per Bailit at el, ...”…
So I currently live in Flushing, Queens. By me there are many hospitals in the area including Flushing Hospital, where I usually go, mainly because my mam is the Nurse there, she works in the cardiac unit. I have some health concerns due to a weak immune system, so I spend a lot of time in doctors’ offices and hospitals. I prefer a doctor’s office to a hospital because I’m afraid of hospitals and I’m a germ-aphob, also I tend to get sicker when I go to the hospital. When I do go to the hospital for any occasion I usually don’t have to wait long due to the fact that my mother works there.…
Using a 2014 study that was updated in 2016 aimed against non-profit hospitals titled, “Why Nonprofits are the Most Profitable Hospitals in the U.S.” written by Laura Sesana who is the senior editor of Arbiter news and has written and been verified in the field of science and health, of all of the hospitals in the U.S. the percentage of non-profit hospitals was 41% (Sesana). Comparatively, as stated by Seungchul Lee in his journal "Determinants of Market Share of for-Profit Hospitals: An Empirical Examination” aimed at mainly describing for-profit hospitals, for-profit hospital has a staff consisting of physicians that systematize and govern the hospital that are not able to receive permitting advantages at current non-profit hospitals (Lee 1). As reported by the George Washington University School of Business Healthcare MBA departments’ article, “Profit…
According to Dr. Jo Ann Brooks, author of the journal titled “Reducing Hospital Readmissions: A closer look at the Medicare Hospital Readmissions Reduction Program” published in the Quality Counts journal, hospital demographics are being looked at for evidence supporting fluctuation with readmission rates. Studies have been performed, and it has been determined through evidence-based practice and conducted research that hospital demographics do indeed play pivotal roles in patient care and the likelihood of readmissions (2015). These hospital demographics include size, location, and access. The size of the hospital is a great determining demographic among hospitals however this study shows that hospital ownership, and teaching status “did…
ASSIGNMENT 1- Da Vita HUMAR RESOURCE MANAGEMENT SEMINAR HMRT-887 Reshma Shivdasani- 1053319 I. Discuss DaVita 's business strategy in light of internal and external factors that we have been discussing in class, and be sure to do a SWOT analysis. The attached industry report and your own research may provide relevant data. Vision of the company: Building the greatest dialysis company the world has ever seen.…
Because of this, the non-profit hospitals are generally given a free hand in the day-to-day management of the hospital, as long as they are fulfilling the non-compensation criteria and are providing services that are generally agreeable for their benefactors. This ensures the services are far more patient-centric. Whereas, for-profit hospitals have to uphold the shareholders’ interests while maintaining a handsome profit. This results in a stricter administration.…
These mergers and acquisitions have reduced overall costs for business processes and have spread out some financial risks and have increased their market share. This has allowed better negotiating influence with insurers, other medical centers, physicians, and the government. The horizontal and vertical consolidation of healthcare providers has demonstrated lower business costs but increased costs to consumers and insurers that have revealed a disturbing nationwide…
1) Funding in Health Care Industry Australian health care industry is funded from various sources, reflecting the treatments and health services provided by the hospitals. There are two types of funding systems are worked in Australia, the casemix based funding and another is fixed per diem based funding. Most of the government and privet hospitals are used the casemix based funding system though there are some hospitals who used fixed per diem base funding system. …