In 2008, New York City hospitals spent $3 billion more on care than they took in. And, they operated at an average of a 6% loss versus the national average of operating at a 4% profit. One of the little discussed consequences of federal health reform and its related significant reductions in Medicare reimbursement will be the absence of any margin that can be used for capital investment.
- Dr. Ralph de la Torre, President & CEO, Caritas Christi Health Care (recent name change to Steward Health Care)-- not a big fan of pharma companies; quite proud of himself for his work in Massachusetts, which has become, by default, the pilot for the National 'universal care' model advanced through the Health Care Reform Act.
- Stephen Berger, Chairman, Odyssey Investment Partners and Chairman, Commission on Healthcare Facilities in the 21st Century -- made a bunch of recommendations to the governor about 5 years ago as to which hospitals should be closed and which …