Asheville Citizen-Times reports:
CLYDE — For MedWest CEO Mike Poore, a single figure explains the power of affiliating with Charlotte-based Carolinas HealthCare System: $15 million.
That’s the amount the company, which now manages MedWest, found in savings across its three hospitals in Haywood, Jackson and Swain counties.
MedWest is not alone in North Carolina — or nationwide — in benefiting from an affiliation.
Hospitals are increasingly looking for better margins as costs outpace payments from the federal government and the rising number of uninsured patients mean losses.
These trends are particularly troubling for regional powerhouse Mission Hospital Systems, where a state law caps profit in exchange for allowing what critics call a near monopoly in Western North Carolina....
Read the full article
CLYDE — For MedWest CEO Mike Poore, a single figure explains the power of affiliating with Charlotte-based Carolinas HealthCare System: $15 million.
That’s the amount the company, which now manages MedWest, found in savings across its three hospitals in Haywood, Jackson and Swain counties.
MedWest is not alone in North Carolina — or nationwide — in benefiting from an affiliation.
Hospitals are increasingly looking for better margins as costs outpace payments from the federal government and the rising number of uninsured patients mean losses.
These trends are particularly troubling for regional powerhouse Mission Hospital Systems, where a state law caps profit in exchange for allowing what critics call a near monopoly in Western North Carolina....
Read the full article
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