Navigation Links
Hospital Expansions in Buffalo, N.Y., and Baton Rouge, La., Contribute to Recession Resilience
Date:1/26/2009

While Building Boom Declines in Some Regions, These Markets Remain Stable, According to New Reports from HealthLeaders-InterStudy

NASHVILLE, Tenn., Jan. 26 /PRNewswire/ -- HealthLeaders-InterStudy, a leading provider of managed care market intelligence, reports that while expansion plans in many regions of the country have halted because of the economic downturn, strong health system sectors in Buffalo, N.Y., and Baton Rouge, La., are positioning hospitals in these markets to not only weather the economic downturn, but also continue expansion plans.

In Buffalo, state mandates have forced the consolidation of several hospitals, including two of the area's largest health systems--Kaleida Health and Erie County Medical Center--which will be united to create the Great Lakes Health System of Western New York. According to the recent Buffalo Market Overview, the restructuring means fewer beds in the area, as well as significant grant dollars from the state for complying with the mandate, which puts local hospitals in good financial position. The move has also enabled Kaleida to begin work on a $150 million heart and vascular center.

"The effort toward consolidation also puts health systems in Buffalo in a strong position to negotiate with health plans for better reimbursement," said Carolyn McMeekin, director of Market Overview analysis for HealthLeaders-InterStudy.

In Baton Rouge, increases in patients and revenue following Hurricane Katrina have propelled expansion plans. According to the recent Baton Rouge Market Overview, the popularity of physician-owned specialty hospitals in the Baton Rouge market has also forced health systems to adopt strategies to compete with these facilities for higher-profit, shorter-stay surgical procedures. As a result, hospitals are looking to develop specialized centers or align with these surgical centers. For instance, the area's largest health system, Franciscan Missionaries of Our Lady, has bought a stake in one of the large specialty hospitals, Surgical Specialty Center. The Franciscan system has also started construction on a $15 million expansion to increase pediatric, orthopedic and trauma surgery capacity.

"While health systems in Buffalo and Baton Rouge will struggle with issues that are common throughout the hospital sector--proposed cuts to Medicaid programs and higher rates of uninsured patients--there are market drivers affecting healthcare that make them well-positioned to weather the current economic downturn," said McMeekin.

Why Pharmaceutical Companies Need Market Overviews

Market Overviews provide a detailed analysis of local healthcare market drivers in 87 of the nation's most dynamic metro areas, allowing pharmaceutical executives to quickly gain local area expertise. Each report provides local-level insights into: health systems and hospitals, physicians, health plans, Medicare/Medicaid, pharmaceutical environment, legislation and employers.

About HealthLeaders-InterStudy

HealthLeaders-InterStudy, a Decision Resources, Inc. company, is the authoritative source for managed care data, analysis and news. For more information, please visit www.HL-ISY.com.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

    For more information, contact:

    Lisa Osgood                                     Elizabeth Marshall
    HealthLeaders-InterStudy                        Decision Resources, Inc.
    781-296-2606                                    781-296-2563
    losgood@hl-isy.com                              emarshall@dresources.com


'/>"/>
SOURCE HealthLeaders-InterStudy
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. New research explores newborn in-hospital weight loss
2. NYC-area 1st: Morgan Stanley Childrens Hospital performs transcatheter pulmonary valve replacement
3. Norwalk virus: Cruise ship illness challenging and costly to hospitals, too
4. Glades General Hospital First in Palm Beach County to Provide On-Site Electronic Birth Registration
5. Billy Graham Home After Hospitalization:
6. Alvarado Hospital Files Countersuit Against Blue Shield
7. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
8. Texas Supreme Court Rules Against Medicare HMOs in Hospital Reimbursement Fight
9. Annual flu shot cuts need for doctors visits, hospitalization among children
10. REACH Registry Highlights That Patients With Peripheral Arterial Disease (PAD) Suffer High Rates of Heart Attack, Stroke, Hospitalization, and Death
11. R. P. Simmons Family Foundation Pledges $2 Million for New Childrens Hospital of Pittsburgh of UPMC Campus
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Apple ... care services, staged a mock evacuation of the facility as part of a disaster ... Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well as the ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the ... danger possible to save lost souls in the Philippines. “The Journey: From the Mountains ... a dedicated teacher of the Bible. She has taught all ages and currently teaches ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/4/2017)... 4, 2017  South Korean-based healthcare product Development Company ... "cprCUBE" on Kickstarter. The device will educate the user ... with better efficiency compared to the dated and pricey ... on efficacy of the compression for a more informed ... goal to raise $5,000. ...
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
Breaking Medicine Technology: