Doctors to buy a stake and run 2 Chicago hospitals

Article Abstract:

Columbia/HCA Healthcare Corp. will sell the 523-bed Reese Hospital and Medical Center and the 212-bed Grant Hospital, both located in Chicago, to a group of physicians and Doctors Community Healthcare Corp., a Scottsdale, Arizona investment firm, for $60 million. The sale is part of a massive reorganization plan by Columbia/HCA, which is under Federal investigation for fraudulent billing practices. The deal represents a new stage, according to industry analysts, in the conflict between HMO's like Columbia/HCA and physicians who are trying to protect doctor's incomes and patient care prerogatives.

Comment:

Buys 2 Chicago hospitals with group of doctors from Columbia/HCA Healthcare Corp. for $60 mil

Asset sales & divestitures, Acquisitions & mergers, Company Planning/Goals, Geographic, Illinois, General Medical and Surgical Hospitals, General Medical Hospitals, Hospitals, HCA Inc., Doctors Community Healthcare Corp.

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Largest H.M.O.'s cutting the poor and the elderly

Article Abstract:

The nation's largest health maintenance organizations (H.M.O.'s) are quitting managed care programs for the poor and elderly. H.M.O.'s cited cuts in government payments for the retreat. H.M.O. companies in some states are reducing services to Medicare patients and charging for care that had been fully covered. Health care analysts warn of the government's reversal in progress this decade to provide good health care and hold down costs for the poor. Patient advocates fear a return to crowded clinics delivering inferior care.

Comment:

H.M.O.'s quitting managed care programs for the poor and elderly

Industry Market Data, Product discontinued

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400 doctors in Dallas break contracts with Aetna's H.M.O

Article Abstract:

Medical doctors all over the country have been feuding with Aetna, the fourth largest managed health care plan, for the past year. Now more than 400 Dallas physicians have ended their contractual agreements with the Plan over issues that include what doctors refer to as a "gag clause." These doctors' patients number 30,000 and will have to pay cash to stay with their own doctors or change to a "covered" doctor. Aetna, in turn, has taken away these doctors' access to all its Dallas patients.

Contracts & orders received, HEALTH SERVICES, Physicians, Medical professions, Contracts, Abstract, Aetna U.S. Healthcare Inc., Physician practice management firms

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