![]() ![]() Within 10 miles of Quincy there are 15 hospitals, including some Steward facilities and competitors that only recently have become part of larger academic health systems. In place of the hospital in Quincy, Steward is going to operate a 24-hour emergency department, outpatient urgent care center in another part of the city, primary care offices, a multi-speciality clinic and imaging center, along with transportation services.Īlthough more than 600 employees face job uncertainty and the Quincy city government may see a decrease in property taxes, for residents, the closure may not be a huge loss. ![]() “On an average day, only one-fifth of all beds are occupied and it has become abundantly clear that local residents no longer seek inpatient services from Quincy Medical Center.” “While Quincy Medical Center earns top quality and safety ratings, competition from Boston-area medical centers, significant cuts to Medicare reimbursements, continued Medicaid underfunding, continued rate disparity, and precipitously declining inpatient volume have made QMC unsustainable.” said Mark Girard, MD, president of Steward Hospitals. The Quincy Medical Center lost about $20 million last year, and this year is on track to lose another $20 million. Other health systems are taking a right-siting strategy similar to Steward, including Beth Israel Deaconess Medical Center and Atrius Health. Now, the 124-year-old Quincy Medical Center is set to shut down by the end of the year, in what will be the largest hospital closure in Massachusetts in a decade. Last year, Steward leaders said that suburban community hospitals like Quincy Medical Center were part of a twin strategy to right-size and “right-site” healthcare and plug the “leakage” of locals heading to academic medical centers in the city - and that they would be generating profits in two years. Steward invested $100 million and remained bullish on its long-term prospects, along with other community medical centers in its 10 hospital system. Steward, a for-profit system created through the acquisition of Caritas Christi Health Care, purchased the Quincy Medical Center in bankruptcy in 2011, a year it lost $18 million. ![]() In eastern Massachusetts, Steward Health Care is closing the 196-bed Quincy Medical Center, amid continuing financial losses, competition from rivals and a decentralization of traditional hospital care. In some parts of the country, the ebbs and flows of healthcare seem to suggest an oversupply of inpatient hospital services, leaving some health systems trying to reorganize and right-size. The 124-year-old Quincy Medical Center is set to shut down by the end of the year, in what will be the largest hospital closure in Massachusetts in a decade. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |