GNH Community

nonprofits,local leaders & Grt.New Haven business sharing information

CT Health Care Consumers Should Breathe A Sigh of Relief

Tenet Healthcare Corporation has given up (for now) on its bid to buy 5 Connecticut hospitals.  As advocates for health care consumers, we are pleased that the Office of the State Attorney General did not rollover and allow Tenet to have its way.

 “Tenet Healthcare Corporation is one of the nation’s largest investor-owned (for-profit) healthcare services companies. Our subsidiaries operate hospitals, outpatient centers and health plans in 16 states, as well as Conifer Health Solutions, which provides healthcare business process services to hospital and other clients nationwide.”

We fully appreciate that every hospital (every business) must operate at a profit to remain viable.  Yale certainly makes a tidy profit; that is essential; buildings and facilities must be maintained and updated; employees must get incentives to stay in their jobs and to grow professionally.  However, a good operating profit and a big return on investment for the investors-- at the expense of health care consumers-- are two different matters completely.  Yale forming a business partnership with Tenet also raises questions.

Whether we have employer provided health insurance or we buy our own through the marketplace, when Tenet moves into a state health care delivery is affected and not necessarily for the better.

Read the statement put out by Tenet on Dec. 11, 2014.  CT does not seem to be a state where they can make enough money for their investors.  That is a good thing for consumers.

"For more than two years, Tenet Healthcare and our predecessor, Vanguard Health Systems, have worked with our partner, Yale-New Haven Health System, as well as elected officials and community leaders in Waterbury, Bristol, Manchester and Rockville to secure the continued availability of high-quality, affordable local hospital care for residents of those communities. 

 We respect the role the state regulators have in providing guidance and oversight to the healthcare industry, and understand the responsibility they take in discharging their duties.  Nonetheless, the extensive list of proposed conditions to be imposed on the Waterbury Hospital transaction, which is only the first of four transactions for which we’ve made applications, has led us to conclude that the approach to regulatory oversight in Connecticut would not enable Tenet to operate the hospitals successfully for the benefit of all stakeholders."

 http://investor.tenethealth.com/press-release/acquisition-and-devel...

 “Despite the hospital's precarious financial position, the state House Speaker said he would not support a taxpayer-funded bailout of Waterbury Hospital if it came to that point in the future.”  “ …The apparent end of the Tenet Healthcare deal may be good news to those who feared what a national chain getting a foothold in Connecticut might mean for patient care and employment levels, but the underlying economic challenges that have dogged Waterbury and St. Mary's hospitals for a decade are far from over.”

http://www.courant.com/health/hc-tenet-healthcare-waterbury-future-...

 Read more at all the links and in the NH Register here: http://www.nhregister.com/general-news/20141211/tenet-withdraws-pla...

Views: 53

Comment

You need to be a member of GNH Community to add comments!

Join GNH Community

Now available in multiple languages

Welcome (Bienvenido, Benvenuto, Powitanie, Bonjour! Willkomme,歡迎, ברוךהבא أهلا وسهلا, Bonvenon) to GNH Community

traducción, traduzione, tłumaczenie, traduction, Übersetzung, 翻译, תרגום أهلا ترجمة, traduko

                    

Imagine. Inform. Invest. Inspire.

Working together to build a stronger community - now and forever

 

 

Neighborhoods: What is Working

Open Street Project

An Open Streets Family Reunion: Reflections from the 2018 Open Streets Summit

By Ryan O’Connor, Director of Programs, 8 80 Cities Recently 8 80 Cities wrote a blog post about open streets being a labour of love. That being the case, the 2018 Open Streets Summit in New Orleans felt like a family reunion of sorts. It was rejuvenating to see old and new friends who share our passion for open streets and are working tirelessly to create healthier, happier, and more connected communities across the world. The event, which took place on September 15-16, brought together more than 50 leaders who currently organize open streets programs or are interested in bringing the...

The post An Open Streets Family Reunion: Reflections from the 2018 Open Streets Summit appeared first on Open Streets Project.

Open Streets Summit Draft Agenda

We hope you are getting ready and feel excited about the Open Streets Summit in Gretna/New Orleans! Taking place from September 15-16, 2018, the Summit will feature tours, presentations and networking opportunities with open streets champions and organizers from across the continent. Attendees will learn about the nuts and bolts of starting or scaling up open streets programs, including: Route design and planning Partnerships with business and officials Social inclusion Safety and logistics Marketing and promotion Program evaluation through measurable goals and metrics If you haven’t done it yet, click here to register for the Open Streets Summit only or...

The post Open Streets Summit Draft Agenda appeared first on Open Streets Project.

Open Streets Summit Speakers Announced!

The Open Streets Project is proud to announce that Ed Solis from Viva Calle (San Jose, CA), Romel Pascual from CicLAvia (Los Angeles, CA), Jaymie Santiago and Charles Brown from New Brunswick Ciclovia will join us as speakers for the 2018 Open Streets Summit in New Orleans and Gretna! Taking place from September 15-16 2018, the Summit will feature: Behind the scenes tour of the City of Gretna’s inaugural open streets program. Workshops, presentations, and networking opportunities with open streets champions and organizers from across the continent. Training and inspiration for both -novice and experienced- open streets organizers and supporters...

The post Open Streets Summit Speakers Announced! appeared first on Open Streets Project.

Local Initiatives Support Corporation

What Zombies Can Teach Us About Vibrant Communities

This month, LISC and Cornell University will co-sponsor a conference on comprehensive approaches to turning vacant and “zombie” homes into community assets—and upending the conditions that create them in the first place. Helene Caloir, director of LISC’s $75 million New York State Housing Stabilization Fund, describes how this work is part and parcel of the broad challenges of revitalizing neighborhoods, dismantling racial inequity and sparking economic mobility.

“Café, Cultura, Vida”

As Hispanic Heritage Month comes to a close, we checked in with Sandra Flores, owner of Azukar Coffee, a small business percolating on the South Side of Phoenix that shows just how important a local gathering place can be to a neighborhood.

Changing Health by Changing the Community

In an op-ed for the Richmond Times-Dispatch, LISC CEO Maurice A. Jones and Howard Kern, president and CEO of Sentara Healthcare, describe how their new $100 million will take aim at the social determinants of health in Virginia. Investing in housing, job training and placement, education and transportation, among other requisites of a healthy life, are key to closing the life expectancy gap and creating a strong economy, they argue. Now is the time for corporations, nonprofits and charitable organizations to play leadership roles in making those investments a reality.

© 2019   Created by Lee Cruz.   Powered by

Badges  |  Report an Issue  |  Terms of Service