The Arlington Heights, Ill.-based hospital system announced it will open four new outpatient facilities and cut 110 jobs at Northwest Community Hospital. Three percent of the hospital’s workforce will be eliminated.
Mr. Crowther said the emphasis on outpatient facilities directly results from the healthcare reform law, enacted in March 2010 by the Obama administration. “We can anticipate lower [Medicare] payments, and we can anticipate a shift in incentives to less inpatient work and more outpatient work. Our inpatient volume here and elsewhere is falling and outpatient volume is rising.”
Mr. Crowther said the healthcare reform law is designed to provide more people access to health insurance and save money in the healthcare system overall.
Related Articles on Transactions & Valuation:
Preparing to Open Philadelphia’s Vincera Institute: Q&A With Administrator Dominic Vendetta
Dr. Matt Ehrlich to Perform LASIK Cataract Procedures t New Vail Valley Surgery Center
Dr. Marc Anthony Serret to Bring Cases to ThedaCare-Theda Clark Surgery Center
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
