grist for the mill
A not-so-secret research cacheMonday, June 16, 2003
Detroit's Big Three Health Providers Are Drowning in Red Ink (4/4/2003 10:00:00 AM). Critical to the ability of St. John to generate revenue and sustain its charity mission long term, Joseph said, is the health system's ability to compete in the suburbs, where there is a higher percentage of privately insured patients.
Late last year, the state Legislature passed changes to the laws that restrict hospitals' ability to build new hospitals, add beds and expand services. At the urging of the three Detroit hospital systems, the legislature agreed to let health systems add bed capacity in locations where they already have a presence.
As a result, St. John plans to build a hospital in Novi that Joseph said could generate $10 million in operating profit when it is fully operational.
Late last year, the state Legislature passed changes to the laws that restrict hospitals' ability to build new hospitals, add beds and expand services. At the urging of the three Detroit hospital systems, the legislature agreed to let health systems add bed capacity in locations where they already have a presence.
As a result, St. John plans to build a hospital in Novi that Joseph said could generate $10 million in operating profit when it is fully operational.
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