tag:blogger.com,1999:blog-32053362.post9218690936350972313..comments2024-03-29T06:37:18.029-04:00Comments on Not Running a Hospital: A counterbalance focused on qualityPaul Levyhttp://www.blogger.com/profile/17065446378970179507noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32053362.post-80072022470631529282011-02-28T11:58:19.443-05:002011-02-28T11:58:19.443-05:00Paul, don't for-profits and not-for-profit hos...Paul, don't for-profits and not-for-profit hospitals end up with almost the same amount of money at the end of the year? If the profit margins are slim, then how is this new arrangement going to work? The only difference between Steward and Ascension that I can see is that the people at the helm of Ascension have some experience at properly running hospitals, but it still begs the same question: how are these hospitals going to pay back the equity + profit at the end of the day? <br />Hyder, MDAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-32053362.post-89654414763386139732011-02-28T06:23:11.195-05:002011-02-28T06:23:11.195-05:00This is indeed a new wrinkle in the nascent privat...This is indeed a new wrinkle in the nascent private equity foray into health care, and on the face of it would seem to be superior to a model provided by an inexperienced organization such as Cerberus. I will leave to Paul and others the economic analysis of whether patients' and investors' needs can be reconciled better in this hybrid model, but certainly the operational experience and good reputation of Ascension are encouraging.<br /><br />One cautionary note was sounded in the press release:<br /> " In addition, they’ll be able to maintain their Catholic identity.”<br /><br />In my area, there was recently a public dispute over an Ascension-affiliated hospital's vs. a non-Catholic hospital's competing bids to build a new hospital in an outlying area. One argument used was the lack of reproductive services available should the Catholic hospital win (it did).<br /><br />nonlocal MDAnonymousnoreply@blogger.com