Health enews has it all, from featured bloggers, trending well being subjects, movies, social conversations and more. On the present tempo, Chicago health care is prone to be dominated by a number of main medical centers in a matter of years. With extra leverage in opposition to health insurance companies, big hospitals can demand greater reimbursement rates from insurers, which in flip help drive up premiums. Within the Chicago space, Oak Brook-primarily based Advocate grabbed 15.7 p.c of the market for inpatient admissions in 2011, up from thirteen.6 percent in 2007, an enlargement that helped drive up revenue to $4.4 billion. Advocate is adopting Alcatel-Lucent’s pod and mesh architecture for its community.
Was the one major local hospital network whose market share declined from 2007 till 2011, when it was bolstered by a merger with Mokena-based mostly Provena Health System. These hospital market share figures are based on Illinois Hospital Association knowledge included within the quarterly financial statements of Advocate, Illinois’ largest health care system, with 12 hospitals, together with two downstate. The Chicago-space information supply a glimpse of the rising energy of a few health care networks. The ANHP Board of Directors might be made up of an equal variety of members from Advocate and NorthShore.
Smaller hospitals usually are driven to merge as a result of they pay higher interest rates, which make borrowing dearer for shiny new buildings, executives at massive hospital networks say. Advocate has been one of many area’s largest hospital community because it was shaped in 1995 by the merger of Lutheran Basic HealthSystem and Evangelical Health Programs Corp. Advocate strengthened its hold available on the market with the 2008 acquisition of the 283-mattress Condell Medical Middle in Libertyville.
Mergers could drive up hospital costs in the short time period however get monetary savings over the long haul, says Mark Frey, CEO of Arlington Heights-based Alexian Brothers Health System, which was acquired by St. Louis-based hospital big Ascension Health this 12 months. Doctor integration, IT systems and information techniques are several examples of excellent strategic selections that can benefit patients in the long term,” he says. The state’s largest well being insurer, Chicago-based Blue Cross & Blue Shield of Illinois, would not purchase that argument.
About Advocate Health Care Advocate Health Care is the biggest health system in Illinois and one of many largest well being care providers in the Midwest. Advocate Health Care: Christine Priester/Christine Bon: Clearly, the concept of #StoriesOfTheGirls remains a really edgy idea. Nevertheless, the Chicago health care market is noisy and we had to figure out a option to break via the muddle.