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Article Abstract:

Paul Metts, the CEO of the University of Florida's Shands Hospital, began a controversial program to cut costs at the teaching hospital by 5% per year in 1991. The program focused on cutting costs by decreasing lengths of stay, training staff for multiple tasks, and developing clinical paths. Over five years the program has improved the bottom line by $60 million per year, staying in the black by $28 million per year. Shands has eliminated 700 jobs with only 150 layoffs, purchased regional HMO AvMed-SantaFe, and opened a home care network across Florida.

Teaching Hospitals, General Medical and Surgical Hospitals, General medical & surgical hospitals, Metts, Paul

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Poised and prosperous

Article Abstract:

Long Beach Community Medical Center CEO Janet Parodi feels that the hospital has successfully negotiated the transition from a traditional fee-service insurance business framework to working with local managed care networks. Long Beach Community Medical Center treats 145,000 people under some type of managed care plan, accounting for 60% of its business. It has managed to keep its medical costs down to a net average of $3,900 per case, about 44% lower than the national average.

Management services, Office Administrative Services, Hospital Management, Contracts, Managed care plans (Medical care), Hospital administration, Parodi, Janet

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Like ants to a picnic

Article Abstract:

The subacute-care market could still grow by 100%, but an overabundance of potential competitors is available to serve that market, according to 'Subacute Care: Analysis of the Market Opportunities & Competition' author Harry Ting. Some 63 potential subacute-care providers are available for every six needed subacute-care units. Startup costs for a subacute-care unit usually start at $250,000.

Other Residential Care Facilities, Nursing and Personal Care Facilities, Specialty hospitals exc. psychiatric, Specialty (except Psychiatric and Substance Abuse) Hospitals, Specialty Hospitals, Specialty Nursing Homes, Supply and demand, Health facilities, Nursing homes

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