Eric Doden, former president of the Indiana Economic Development Corp., made the comments in reference to a recent study from Muncie-based Ball State University’s Center for Business and Economic Research. The study argued Indiana’s healthcare market shows broad signs of monopolization that leads to higher healthcare prices.
The report, which is disputed by Indiana nonprofit hospitals, said five of the state’s largest hospitals made $27 billion in net income as of 2017. Mr. Doden said IHA should create a “Main Street Indiana Fund” that hospitals initially contribute $10 billion into to “advance Indiana’s economy by providing much-needed capital to support Indiana business and community development,” he told Inside INdiana Business.
In response to Mr. Doden’s suggestion, IHA said the idea “is not a serious policy proposal, but rather another step in a coordinated campaign to influence contributions to a specific economic development project. Eric Doden, who heads up a real estate development company based in Fort Wayne, has called for hospitals to contribute to a fund that would advance projects such as those promoted by his firm. His call for this fund is based on a flawed and misleading report … which makes outrageous accusations against Indiana’s hospitals.”
Read more here.
More articles on healthcare finance:
CMS’ final outpatient, physician payment rules for 2020: 9 things to know
Warren’s ‘Medicare for All’ funding plan: 8 things to know
CMS kidney care payment final rule: 6 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.