MILWAUKEE-Columbia St. Mary's will merge two hospitals, Columbia St. Mary's Milwaukee Campus and Columbia St. Mary's Columbia Campus, into a new $417 million hospital. Columbia St. Mary's Lake Drive Hospital, a 513-bed facility expected to open in 2010, will replace the existing building at the Milwaukee campus. The existing 237-bed hospital will be demolished in stages. St. Mary's Columbia Campus will be sold. The University of Wisconsin at Milwaukee was interested in the 311-bed hospital, said Kathleen Schmitz, a spokeswoman for the Milwaukee-based health system. Ascension Health, St. Louis, and Columbia Health System, Milwaukee, are Columbia St. Mary's corporate parents. Columbia St. Mary's will finance its construction with $100 million in bonds, as well as revenue and philanthropy. Renovating the two existing facilities would have cost an estimated $200 million to $300 million, according to figures from the health system.
KANSAS CITY, Mo.-Truman Medical Centers said it will save $8.7 million annually through staffing reductions, employee benefit changes and new policies related to some uninsured patients, all of which are a result of changes to federal and local programs for indigent patients and cutbacks in the state Medicaid program. Truman will delay filling positions that make up 35 full-time equivalents and eliminate 35 FTEs that are unfilled, saving $2.7 million. The two-hospital system also will require a 25% down payment on nonemergency services for patients who do not live in Kansas City or Jackson County, Mo. This change will save the system $1.9 million in uncompensated care, Truman said. Health and pension benefit changes will save nearly $1.7 million. Truman reported net income of $1.1 million on revenue of $343.1 million for the 12 months ended June 30, 2004.