News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Area Agency on Aging 10B, Inc.

Don Drumm Studios

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Health and Medicine


Akron General may go for-profit in a deal with the Cleveland Clinic and CHS
Majority owner would be for-profit Community Health Systems of Nashville
by WKSU's MARK URYCKI


Reporter
Mark Urycki
 
Akron General will become a for-profit hospital under a deal with the Cleveland Clinic and Community Health Systems.
Courtesy of AKRON GENERAL
Download (WKSU Only)
In The Region:
The board of Akron General Health Systems approved a letter of intent yesterday (Thursday) for to hold talks that could turn it into a for-profit company. The Nashville-based  chain, Community Health Systems, and its new partner, Cleveland Clinic, purchased Akron General for an undisclosed sum. It’s a three-way collaboration, but officials say the hospital will maintain its local board. 
LISTEN: Stover and Huston discuss the partnership

Other options:
Windows Media / MP3 Download (3:44)


Akron General is a pretty big operation with its medical center, Edwin Shaw Rehabilitation Institute, Lodi Community Hospital and wellness centers.

But it could never achieve the purchasing power of Community Health Systems, which runs 150 hospitals.  The chief strategy officer for the Cleveland Clinic, Ann Huston, says the move will cut costs.

“When you have that much scale you’re able to operate a lower unit cost.”

Add to the Nashville chain's size,  the expertise of Cleveland Clinic, and the president of Akron General, Tim Stover, calls the new partnership a “home-run.”  A specific deal is expected to be worked out by early 2014.

Akron General and the Clinic are relatively close, but Stover says no one is cutting back service.

“The goal of this whole relationship  is about growth. It’s not about cutting. ... We’re going to continue to offer the services that we’re offering.The good news is we’ll be able to offer them with more resources and more expertise if we need it.”

Questions about Medicare
But the alliance does come with some baggage.  Federal investigators have been investigating CHS's Medicare billing and admission procedures since 2011. In July, the company disclosed that the feds had expanded their investigation. Stover says the Akron community should not be concerned.

“We looked into that, both we and the Clinic, and this was actually related to a Medicare issue in 2010 when there was a confusion between observation and in-patient. Actually that was a confusion all over the country.”

Akron’s biggest healthcare system, Summa, is awaiting a new partnership deal with the non-profit Catholic Health Partners. Hospitals have been concerned about changes coming with the Affordable Care Act. 

More consolidation is coming
“The change I’ve seen over the last 18-24 months, I’ve never seen it like this in the 33 years I’ve been practicing,” says Stover.

Huston says the level of consolidation in health care at unprecedented levels.

“And this is an example of a creative way for each of us to pool our resources and do what we do best to continue to provide services to a community.”

Stover says it’s still uncertain what Obamacare will bring but he does know being more efficient is a must.

“The reimbursement for the same things that we are doing now will be significantly less ... as far as the governmental payers are concerned, Medicare and Medicare, and the commercial payers are following right along.”

In turning for-profit, Akron General will be required to establish a community foundation. Stover wasn’t sure what how much will go into funding that, but he noted one more added value to the community:  the new status means the Akron General system will have to start paying taxes.  

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Pluto: The Browns split from Manziel is long overdue
Get Brock Osweiler from the Denver Broncos! He's fantastic and seems like a great person.

Democratic Senate hopeful P.G. Sittenfeld pushes for local gun control
That makes no sense at all... why not let cities determine driving codes as well? Maybe Cincy want's folks to drive on the left side of the road. What could go ...

Exploradio: Autism in the workplace
I would love to get more information re: Autism on The Town and other such programs in Northeast Ohio. Thanks!!

Human trafficking cases rise in Ohio
It is about time this is presented to proceed with a plan of prevention..to protect our youth.And very necessary to inform communities through school, churches ...

Fermented food company aims to preserve Cleveland's farm-to-table movement
This is terrific! I make my own sauerkraut and consider it vital to good health. Well done, I wish you all success.

Ohio doctors get new guidelines for prescribing certain painkillers
I would gladly smoke pot to get off pain killers but its not legal.It would save the hassle of doctor visits for pill counts,pee tests,blood tests,driving to pi...

Ohio unemployment cuts are nearing a Statehouse vote
What about those that are laid off seasonally? My husband has been employed by the same company for 26 years and has been laid off (for the last 17) mid-Januar...

Ban on microbeads is a big step in fighting plastic pollution
What a bunch of liberal "so open minded their brains fell out" tree huggin yuppies. Professing to be wise they became fools.

Who's on -- and left off -- Ohio's medical marijuana task force?
Biggest joke everm these people are evil they know marijuana is harmless they rigged the polls last nov everypne kmows it

Dayton 'Black Lives Matter' protesters to appear in court today
Police to fast with the trigger finger and not the brain.A lot of police officers out here judge by color first instead of accessing the situation first. If a p...

Copyright © 2016 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University