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Memorial’s future now up to negotiators

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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 Memorial’s future now up to negotiators

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Council to vote on UCH proposal tomorrow

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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 Council to vote on UCH proposal tomorrow

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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… Continue Reading HealthOne ‘disappointed,’ maintains Memorial interest

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It’s unanimous: The Memorial task force will recommend that University of Colorado Hospital lease Memorial Health System for the next 40 years. All four City Council members on the task force said they support the CU proposal,  joining the opinion of  the advisory committee, which also supported the University of Colorado. “We’ll work with it,”… Continue Reading University of Colorado Hospital gets task force nod

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UCH wins votes of non-voting task force members

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While none of the city council members announced their intentions at this morning’s Memorial Health System meeting, the non-voting members unanimously picked University of Colorado Hospital. Only the four city council members will vote on which proposal moves forward to city council, but the advisory members – Doug Quimby, Phil Lane, Dr. Michael Welch, Carolyn… Continue Reading UCH wins votes of non-voting task force members

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Memorial’s new lease might drive up prices

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Hospital systems vying to lease Memorial could end up passing along the millions of dollars of lease costs on to customers through higher costs for care. It’s happened before and could happen here if cost controls aren’t spelled out in the new lease, said Dr. Steve Berkshire, a professor and director of health administration for… Continue Reading Memorial’s new lease might drive up prices

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Hospital systems  vying to lease Memorial could end up passing millions of dollars in lease costs on to customers through higher costs for care, unless price controls are built into a new lease. It’s happened before and could happen here, said Dr. Steve Berkshire, a professor and director of health administration for Central Michigan University.… Continue Reading New Memorial lease could drive up health care costs

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The Memorial Health System proposal was created with the advice of local health care providers and more than 60 members of the business community. While there were no promises the plan could immediately pay off millions of owed dollars, the theme was creating a hospital system that was “of the community, by the community and… Continue Reading Memorial: System ‘of the community, by the community, for the community’

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Economies of scale – that was the basis of HCA/HealthOne’s presentation before the City Council’s task force this morning. HCA’s proposal provides a $500 million upfront 40-year lease payment, and lets the city keep about $334 million in the first year. It also provides $1 billion in capital costs, and unlike the nonprofit proposals, an… Continue Reading HealthOne draws on large system as basis of proposal

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City releases bids for Memorial

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The Colorado Springs City Council released thousands of pages of documents from the remaining four groups bidding to run Memorial Health System for the next 40 years. The four bids from Memorial, Centura, Exempla and University of Colorado that were released today propose a nonprofit system, but their approaches vary. Memorial and Centura want the… Continue Reading City releases bids for Memorial

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