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Hospital execs: We don’t operate in a free market [“lets make this abundantly clear …”]

“We’re fundamentally different. You’re not going to get a highway construction firm to build the state’s highways [for less than] what it costs them,” says James B. Cole, the president and CEO of  Virginia Hospital Center in Arlington. “We care for anyone whether they can pay a nickel or not, and that’s not standard in the business world.”
Virginia Business, October 31, 2016 | by Robert Powell

Virginia hospital executives want to make one point abundantly clear: They do not operate in a free-market environment.

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OFFICIAL POSITION, STATEMENT: Concierge Medicine Today Statement of Support For Quality Scores of Hospitals and Surgeons based on Medical Performance and Evidence-Based Medical Outcomes.

Hospitals treat all patients regardless of ability to pay, and they serve Medicare and Medicaid patients despite being paid less than the cost of care.

CLICK HERE TO GET YOUR LOCAL AREA Hospital/Facility and Physician/Surgeon Quality Score ... Based On Data/Evidence, not reviews or subjective referrals ...

CLICK HERE TO GET YOUR LOCAL AREA Hospital/Facility and Physician/Surgeon Quality Score … Based On Data/Evidence, not reviews or subjective referrals …

“We’re fundamentally different. You’re not going to get a highway construction firm to build the state’s highways [for less than] what it costs them,” says James B. Cole, the president and CEO of  Virginia Hospital Center in Arlington. “We care for anyone whether they can pay a nickel or not, and that’s not standard in the business world.”

Cole, past chair of the Virginia Hospital & Healthcare Association board, was one of four VHHA officers who sat down with Virginia Business editors to discuss issues facing their industry.

The others were: Mary N. Mannix, president and CEO of Augusta Health in Fishersville, who is the current chair of the VHHA board; Michael V. Gentry, chief operating officer at Sentara Healthcare in Norfolk and the board’s vice chair; and Mark H. Merrill, president and CEO of Valley Health in Winchester who is the board’s secretary-treasurer.

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Hospital Institutions Offering Concierge Medicine Programs

During the discussion, the hospital officials said they have not given up hope of expanding Medicaid in Virginia despite stiff resistance from the General Assembly. In fact, a plan proposed by VHHA during the past legislative session remains on the table. Under that proposal, money generated from a provider assessment on hospitals would be used to draw down matching federal funds for Medicaid.

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EDITOR — Going from a Group/Hospital Job To A Membership Medicine Practice: “What You Need To Know …”

Because of the losses hospitals have in­­curred from charity care and low payments from government programs, their profitable services, such as surgery and imaging, have to subsidize unprofitable services.

READ FULL STORY …

SOURCE: http://www.virginiabusiness.com/news/article/the-health-care-squeeze

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