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Old 03-29-2013, 11:13 AM  
WilliamTheIrish WilliamTheIrish is offline
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Prime Health Purchases Providence/St. John Hospitals

I thought this might generate some decent discussion. Prime Health has a reputation of turning hospitals around and making them profitable ventures. Their business model seems pretty sound. And from the calls I've made they seem pretty solid.

They have a really big history of battling with a union too. (SEIU) If you google Prime Health and SEIU there are some great articles.


http://www.kansascity.com/2013/03/29...l-to-rule.html

Kansas attorney general to rule on sale of Providence and St. John hospitals
By DIANE STAFFORD The Kansas City Star
Updated: 2013-03-29T05:54:37Z
March 29
By DIANE STAFFORD
The Kansas City Star
There was no other choice to save the hospitals.
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Providence Medical Center (above) at 8929 Parallel Parkwayy in Kansas City, Kan., and St. John Hospital in Leavenworth are being sold by a Catholic organization to a for-profit company thatís based in California.

Quote:
St. John Hospital at 3500 Fourth St. in Leavenworth and Providence Medical Center in Kansas City, Kan., are being sold by a Catholic organization to a for-profit company thatís based in California.

Thatís the message from officers and board members of Providence Medical Center and St. John Hospital.
Urging the Kansas attorney general to approve the hospitalsí sale to California-based Prime Healthcare Inc., a series of sale supporters took the microphone at a public hearing Wednesday night.
Most said that Prime offered the best, perhaps only, assurance to keep the acute care hospitals open in Kansas City, Kan., and Leavenworth, including their emergency rooms, for at least five years.
The Sisters Of Charity Of Leavenworth are getting out of WYCO. I've been following this situation for a while and this Prime Health company looks pretty like they know what they are doing. They have several hospitals in the Top 100. And most of those hospitals were aquired in the same manner as Providence/ SJL.

Those two hospitals have been bleeding money for years and they were probably going to be closed. I went to the open forum that included the mayor and some representatives from SCLHS, Prime Health and a representative from the SEIU - a nursing union that Prime has battled with in court in California. It seems the SEIU follows Prime Health everywhere when they purchase hospitals and gives them the same bad press.

Kind of hard to argue with a company that has taken 27 hosptials from bankruptcy and put 1/3 of them in the Top 100.
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Old 03-29-2013, 11:23 AM   #2
patteeu patteeu is offline
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What kinds of criticisms is SEIU leveling at Prime Health? (Edit: Nevermind, I see it in the article)

On the Missouri side, North Kansas City is trying to sell North Kansas City Hospital according to this news report:

Quote:
North Kansas City Hospital one step closer to potential sale

NORTH KANSAS CITY, Mo. - Two legal rulings are seen as a win-win for both North Kansas City Hospital and the city of North Kansas City, which wants to sell it.

A Clay County judge ruled the city is barred from selling the hospital pending the outcome of litigation. However, the judge did rule the city can appoint new members to the hospital's board of trustees.

North Kansas City Hospital sued the city trying to stop the hospital's sale. The suit also sought to block the city's appointment of new board members which, the hospital saw as the city's way of gaining support for a potential deal.

"We are pleased that Judge Alexander has stopped the city from taking any direct action to sell the hospital," Peggy Schmitt, hospital president and CEO said in a statement Tuesday. "We are optimistic that any new board members appointed by the city will support the continuation of North Kansas City Hospital as a community hospital."

The city of North Kansas City released the following statement after the ruling:

“We appreciate the Court's swift decision in this matter and its confirmation of North Kansas City's authority to appoint members to the North Kansas City Hospital Board of Trustees, as provided by state law, city ordinance and Hospital bylaws. Our hope is to have a more meaningful discussion and a rational, thoughtful, and objective evaluation of the Hospital. It is in everyone's best interests to protect North Kansas City Hospital and ensure that it is best positioned to remain a vibrant part of our community well into the future.”
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Old 03-29-2013, 11:28 AM   #3
patteeu patteeu is offline
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Do you work at one of these hospitals, WilliamTheIrish?
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Old 03-29-2013, 12:14 PM   #4
WilliamTheIrish WilliamTheIrish is offline
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Quote:
Originally Posted by patteeu View Post
Do you work at one of these hospitals, WilliamTheIrish?
No.

But I am in the business and am very interested in these purchases. I think Prime Health knows how to get patients in and out and quickly and still get high HCAP scores. (HCAP is the patient satisfaction survey given by CMS-Centers for Medicare and Medicaid Services and is directly realted to reimbursement rate.)

If you can pull up the business insert from kansascity.com on Tuesday there is a great article about the purchase and you'll see a great quote from a CEO of a big hospital that tells his concern that "We will see higher rates of non paying patients at other hospitals in the area because Prime Health is going to get a better payor-nonpayor mix."

I read that and thought "No shit, Sherlock. That's what every hospital is attempting to do". Only now, the SCLHS isn't here to take all that charity case work for two counties.
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