Boston Medical Center had the data to improve the provider's surgery block schedules but lacked the data and tools to efficiently take action. Those are common hurdles that have slowed providers' transition to more streamlined operations and lower costs.
It may seem odd that Advocate Health Care is spending big on outpatient facilities while also cutting $200 million from its $5.6 billion budget. The bet, however, is that adding cheaper-to-run outpatient sites will woo more patients. More patients equals growth.
The Chicago-area hospital market is notoriously fragmented, competitive and dominated by not-for-profits. The few for-profit players there, notably national hospital chains Quorum Health and Tenet Healthcare Corp., have failed to gain share while their charitable rivals bulk up and expand.
As providers invest in outpatient facilities to increase patient access and reduce costs, some are finding creative real estate solutions and taking advantage of the slumping retail market.
After moving sideways most of Friday, the shares of HCA, Tenet Healthcare, Community Health Systems and LifePoint Health sparked to life on Sen. John McCain's opposition to Graham-Cassidy.
Three of the nation's largest hospital chains—HCA, LifePoint Health and Universal Health Services—had each posted 1% gains in share prices Wednesday afternoon.
More than 20 hospital systems in Florida closed physician offices and ambulatory centers before Hurricane Irma hit. But most sustained minimal physical damage from the storm and have reopened, Moody's said.
The June increase was the smallest year-over-year boost in hospital care spending since Altarum began keeping records in 1989. It's being driven by consumers and payers seeking outpatient settings for more procedures as well as reductions in readmissions.
The healthcare industry produced 20,200 jobs in August, less than half of July's 40,900 new jobs added.
As systems acquire more types of service lines and reach for new reimbursement models, the hospital becomes less of a focal point, and executives look to physician leaders and partnerships to lead the change.
Bayada Home Health Care described the move to not-for-profit as the first of its kind in the industry, driven by a motivation to sustain the organization for multiple generations and bolster recruiting and retention efforts.
Patients avoiding elective surgeries and other procedures because of skyrocketing out-of-pocket costs were cited by hospital chains as a primary cause of softening hospital volumes in the second quarter.