Despite widespread instability in the individual insurance market, the Cleveland Clinic is betting that a narrow network plan focused on keeping patients out of the hospital is just what the doctor ordered.
Despite the instability of the individual market, Cleveland Clinic and Oscar are betting that a narrow network plan focused on keeping patients out of the hospital with help from care coordinators will keep their product afloat.
Cleveland Clinic plans to bring Dover-based Union Hospital into the system, in a move that stretches its Northeast Ohio geographical footprint farther south.
Big academic medical centers have found partnerships overseas allow them to enhance their brand awareness and provide an added source of revenue.
Dr. Toby Cosgrove, the longtime CEO of the Cleveland Clinic, announced last week he will be stepping down by the end of this year.
The departure of longtime Cleveland Clinic CEO Dr. Toby Cosgrove signals the end of an era at the prestigious institution and changes ahead with the placement of a new leader.
Dr. Toby Cosgrove, the longtime CEO of the Cleveland Clinic, announced on Monday he will be stepping down by year-end.
Cleveland Clinic is creating a department to complement and, it hopes, enhance the work that the system's Cleveland Clinic Innovations arm has been doing for years.
Cleveland Clinic ended 2016 with a steeper decline in operating income than even CEO Dr. Toby Cosgrove had projected. The 14-hospital system posted a 71% drop in 2016 to $139.4 million from the $480.2 million reported in 2015.
Rather than the nearly 50% drop in operating income the Cleveland Clinic stomached in 2016, president and CEO Dr. Toby Cosgrove instead focused on quality metrics, education, research and innovation during his annual State of the Clinic address on Wednesday morning, Feb. 15.
The Cleveland Clinic's Center for Functional Medicine has seen explosive growth in the two years since it opened. Despite little advertising, it was full on its first day in September 2014 and only went up from there, quickly outgrowing the six exam rooms dedicated to it.
Cosgrove was among prospective cabinet picks who met with President-elect Donald Trump on Tuesday and is reportedly a contender to lead the Veterans Affairs Department.