Memorial Health System’s financial picture is looking pretty rosy these days – thanks to some changes made internally and to the rebounding stock market. Memorial reported January earnings at $4.8 million, exceeding its budget and the previous year’s numbers. The information was part of the hospital’s monthly report to the Colorado Springs City Council. “In [...]
Continue reading …Memorial Health System’s board president challenged city council member Tim Leigh on every single point of his complaints about the hospital and the way it’s being run. Last week, Leigh sent a widely-dispersed email that said he’d been told about many issues with Memorial: some faulty real estate deals, some issues with doctors and some [...]
Continue reading …City Councilman Tim Leigh sent an e-mail today calling for the ouster of Memorial Health System leadership and listed a number of things he says show management incompetence. Memorial board chairman Jim Moore responded by calling Leigh’s points “anonymous rumors and innuendo” but chose not to refute the accusations and instead the hospital would take [...]
Continue reading …Memorial Health System kept its A- rating from Standard & Poor’s, but received a negative outlook. The hospital gave the news at yesterday’s city council meeting, and also asked its lender to give a prognosis of its financial standing. “Part of the downgrade is certainly because of the governance issue,” said Steve Self, president of [...]
Continue reading …It takes more than just doctors and patients to build a successful hospital system …
Continue reading …Poudre Valley Health System and the University of Colorado Hospital have finalized a joint operating agreement that creates a new health system. Called University of Colorado Health, the partnership will also include Memorial Health System in Colorado Springs, once details of a lease agreement are ironed out and voters decide on the effort at some [...]
Continue reading …Mayor Steve Bach sent the Colorado Springs City Council a letter this week, outlining his vision for the way the negotiations to lease Memorial Health System should proceed. Bach, first of all, wants to be more involved. He also wants to use outside legal counsel to help City Attorney Chris Melcher during the negotiations. The [...]
Continue reading …The Colorado Springs City Council unanimously approved taking the next step in the future of Memorial Health System at its formal meeting this week. It also created a negotiating team – with Council liaisons Merv Bennett and Brandy Williams – to discuss the final terms of the lease agreement with the University of Colorado Hospital [...]
Continue reading …The proposal to allow University of Colorado Hospital to lease Memorial Health System is one step closer to reality after today’s informal City Council meeting. The council decided to vote on the issue during tomorrow’s formal meeting for an official vote, including a separate vote about setting up a committee for the lease negotiations. The [...]
Continue reading …HealthOne isn’t going to accept defeat quietly. After learning this morning that their bid was not chosen by the City Council-led task force to lease Memorial Health System, the health care giant said the process was completed too quickly and the task force “rushed to judgment.” The task force unanimously chose the University of Colorado [...]
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