Memorial Health System recently unveiled a roadmap for its future, but its rival, Penrose-St. Francis Health Services, might get there first. While the Memorial Citizens Commission debates the pros and cons of various paths for the hospital system, Penrose is already doing nearly everything in Memorial CEO Larry McEvoy’s plan: creating partnerships with doctors and [...]
Continue reading …One of the highest profile executives at Memorial Health System has tendered his resignation.
Continue reading …By Larry McEvoy Memorial Health System is Colorado Springs’ largest employer outside the military. It generated $15 million in earnings last year, and it employs more than 4,000 people with some of the region’s best-paying jobs. But Memorial’s dollars and jobs today are just a part of real value and unrecognized growth ahead. Imagine if [...]
Continue reading …Memorial Health System employees, worried that a sale of the network will eliminate their state-run pensions, could be better off under a different retirement plan. That’s the assessment of a growing chorus of think tanks and experts in the field who point to the troubles of public pensions nationwide. More than 4,000 of Memorial’s employees [...]
Continue reading …A loss of local control, loss of coordination between health care providers and the loss of access to care by the poor – these are the big concerns of Colorado Springs health care leaders as a citizens’ commission decides the fate of Memorial Health System.
Continue reading …State Attorney General John Suthers’ decision to make a personal appearance May 25 before the Commission on Ownership and Governance of Memorial Hospital is creating a buzz. First, the appearance is rather unusual. How often do high-level state officials personally attend a local board’s meetings — particularly when the issue is of limited interest in [...]
Continue reading …Memorial Health System’s nurse staffing levels, among the highest in the nation, could be at risk if the three-hospital network is sold to a for-profit hospital. Experts say higher nurse-patient ratios help prevent deaths in hospitals and generally yield better patient health outcomes. Patients tend to suffer more complications such as pressure-related ulcers and hospital-acquired [...]
Continue reading …Is it all needless worrying? The Memorial Commission on Ownership and Governance recently hired a consultant, causing some to wonder what exactly the commission’s role will be in the upcoming months. Hiring a consultant, the thinking goes, would seem to negate the need for the commission itself. After all, the consultant hired, Larry Singer, has [...]
Continue reading …Anyone hoping that a sale of Memorial Health System will replenish the city’s coffers will want to think again. A major stumbling block — the Colorado Hospital Transfer Act — has thrown into question the very premise that fueled talk of a potential sale. Under the law, any proceeds from the sale of a nonprofit [...]
Continue reading …Uncompensated care has been a drag on Memorial Health System’s bottom line for years, but that could change once the Obama administration’s health care reforms take effect and more people become insured. Assuming a best-case scenario, the two-hospital system’s performance could improve by as much as $33 million a year under the legislation passed by [...]
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