Hospitals today face many challenges including an economic recession, in-creases in uninsured care and growing competition for outpatient services. However, there are still many steps hospitals can take to increase their profitability amid these economic conditions.
Hospitals and health systems, whether general acute care hospitals or specialty hospitals, are at-tempting to prosper in a challenging time. Last year and in 2007, the nation’s hospitals, as a whole, recorded record profits. Many hospitals were examining a multitude of options for debt financing. Nearly 20 percent or more of the na-tion’s hospitals were in the process of renovating, expanding or replacing their current hospitals.
Allegheny General Hospital (Pittsburgh). Allegheny General Hospital is a 724-bed academ-ic medical center located on Pittsburgh’s historic North Side. The hospital, which is home to the Gerald McGinnis Cardiovascular Institute, is rec-ognized both nationally and internationally for its outstanding heart program.
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Cardiology services remain among the most profitable hospital ser-vices and even marginally successful hospitals tend to make money on this business line. But the upper tier of American hospitals — those achieving top HealthGrades rankings and who crack the U.S. News & World Report’s “America’s Best Hospitals” — has remained there for years, carving longstanding reputations for quality that attracts the top physicians, nurses and patients from around the country and across the globe.
Here is a round-up of 20 of the most recent changes and appointments of hospital CEOs and CFOs from around the country. Note: Stories are or-dered alphabetically by state.
CMS, in the FY 2008 and FY 2009 IPPS regulations, finalized changes relating to hospitals serving Medicare/Medicaid beneficiaries that require such hospitals and their physician owners to disclose physician owner-ship information to patients. The disclosure re-quirements became effective June 8, 2009.
Mike Bullard (doctors Hospital Tidwell, Houston). Mr. Bullard is the CEO of Doctors Hospital Tidwell, an acute-care hospital that pro-vides healthcare services to more than 500,000 residents in the medically underserved communities of North Houston. Prior to coming to Doc-tors Hospital Tidwell, Mr. Bullard was the CEO of Triumph Healthcare in Houston.
