Yakima Regional was first in taking hospital consolidation plunge
| By Molly Rosbach, Yakima Herald-Republic, Wash. | |
| McClatchy-Tribune Information Services |
Regional started as St. Elizabeth's in 1891. The Sisters of
In 2003, after losing
HMA also pledged to donate
Now, Regional and
The main benefit of a larger owner is the clout it brings to any given market, said Regional CEO
"The beauty of CHS is that it is a large organization with a lot of resources," she said. "There's a lot of support. In a large organization, (you have) the ability to contract, and the buying power you have for getting good rates on things, purchasing things -- there's a real advantage to that, as well."
If Regional needed a new CT scanner, for example, she said the hospital would talk to the appropriate contact at headquarters, who knows exactly how many other CHS hospitals are looking for CT scanners and can work with the vendors to get a deal on several machines at once.
Knudson said she is in regular communication with the CEOs at CHS hospitals in
The jury's still out on how the power of corporate centralization will improve services for
Nationwide, turning around some of HMA's more problematic hospitals might prove a bigger challenge than CHS originally thought, some market analysts said earlier this year.
The most recent news for CHS has not been positive. A few weeks ago, the company was the victim of a massive data breach by what are believed to be Chinese hackers, who stole personal identification information on 4.5 million CHS patients -- including some in
The first week of August, the company paid more than
Shrinking insurance reimbursements in health care are a concern for massive for-profit corporations, not just nonprofits, Knudson said.
"We have to continue to figure out how to provide a high level of quality care, safe care to our patients, with less dollars," she said. "That is a challenge."
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(c)2014 Yakima Herald-Republic (Yakima, Wash.)
Visit Yakima Herald-Republic (Yakima, Wash.) at www.yakima-herald.com
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