The operating margin at Mercy Health, the largest health system in Ohio, fell to a slim 0.9% in the first half of this year. Higher labor expenses and the residual effects from a divested insurer hurt the not-for-profit Mercy.
The CMS says it's well on its way to dragging hospital systems into the brave new world of risk-based contracting. The systems say, not really.
Michael Garfield has been named senior VP and CEO at Mercy Health Cincinnati. He takes over for John Starcher, who last month was named incoming president and CEO for parent system Mercy Health, also in Cincinnati.
Cincinnati-based Mercy Health named Michael Garfield as CEO and senior VP of its Cincinnati region. Garfield succeeds John Starcher, who will replace Michael Connelly as CEO of the parent system.
Cincinnati-based Mercy Health announced on Friday three senior executive appointments. Dr. Anton Decker will be chief clinical officer, and Brian Smith has been named COO. Drew Banks was named chief strategy officer, a newly created role.
Michael Connelly, 62, will retire as president and CEO of Cincinnati-based Mercy Health. His retirement is effective Jan. 31, 2017. Mercy has appointed executive VP John Starcher, 45, president and CEO-elect.
Peter Butler will retire as president of Chicago-based Rush University Medical Center, effective July 1. He will be succeeded by Michael Dandorph, 48, current executive VP and COO. Dandorph's new title will be president and COO.
Hospital systems that have acquired physician practices and outpatient treatment centers are wrestling with how to integrate them into their existing supply-chain distribution system. The goal is to extend the low prices achieved through bulk purchasing to these geographically dispersed facilities.
HealthSpan, the insurance arm of Catholic health system Mercy Health, is getting rid of its medical group and halting sales of Affordable Care Act policies just two years after acquiring Kaiser Permanente's Ohio subsidiary.
Cincinnati-based Mercy Health, formerly named Catholic Health Partners, reported positive operating results, but its total surplus was down significantly because of losses on interest-rate swaps.