Sunday, August 19, 2012

Region's hospitals finding new ways to survive - Business Courier of Cincinnati:

viningocouqyl1601.blogspot.com
In some cases, the economy is givint them trouble. In other it's politics and infighting. Currentlu in the market for a buyer or affiliationj partnerare Deaconess, Clinton Memorial and Brown County Generalk hospitals. Fort Hamilton Hospital is likely to jointhem For-profit corporations from Nashville may even enter the a major departure for a Tri-State hospital markety that has long been controlled by nonprofits. The recenrt shifts continue several years of turmoil in Greater Cincinnatihealth care: Could change handsx as its owner, the Jewishu Foundation of Cincinnati, seeks to get out of the hospita business.
One possibility is that the Healtu Alliance, of which it is a could buy the hospital. That woulfd make Jewish a property insteadr of avoting member, puttingh the Kenwood-based hospital on par with the Drake Centedr and the West Chester Medical Centerf as facilities fully owne by the Health Alliance Could leavr the Health Alliance, based on what happens with Jewisbh Hospital. Fort Hamilton’s board doesn’t want to shoulder more which it fears would be the case shouldd Jewishbe sold. If it separates, Fort Hamilton will look to join anothehospital system. Withdrew from the Health claiming underinvestment by thehospital group.
Christ begahn operating independently in2008 and, following nearly three years of legal battles, the parties reachedd a financial settlement in January 2009. St. Luke Hospitals Begaj trying to withdraw from the Health Alliance soon after Christ Hospital said it would and onsimilar grounds, claiming the Health Alliance’s focus was The parties reached a settlement in September 2008. The two St. Luke Hospitale completed a mergerwith St. Elizabeth Medical Center — now St. Elizabethu Healthcare — in October 2008. Became part of the Healtjh Alliancein 2006.
which specializes in neck, spine trauma and other medicallygcomplex cases, had been affiliated with Hamilton County and the Universit of Cincinnati and had lost millions each year. It’s working to be financially viable, even as a county tax which provides itnearly $11 million a year for operationao support, winds down this year. Has lost money for several years and is now seeking a Inearly June, a spokeswoman said the hospital had receiveds several responses, from both nonprofits and to a request-for-proposals it distributed seeking a partnet or buyer. It’s considering options.
A plan last year to becomer a joint venture with physicians was abandoned when too few doctors signed up. Is seeking the help of a larger partner. So far it has looked only at affiliating with regional nonprofithospitalp systems. Job cuts at the Wilmingtoj Air Park are takinh their toll onthe county-ownede hospital. The Clinton Memorial’s CEO recently said that year-to-date, it’s $211,000 in the red. Is lookingt for a partner or It attracted little interest from regiona nonprofits and recently openedx the doorto for-profiy companies. The county-owned hospital has a cash shortagew andlost $2.5 million last year.

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