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A plan that would have merged Cone Health with a Virginia-based health care provider is off. Officials with Cone and Sentara Healthcare announced a deal back in August that would have combined the two nonprofit providers into one organization with an annual revenue of more than $11 billion. Now Cone Health says the two sides have mutually decided not to go forward with the merger. Last week, the board of directors of both organizations agreed to end the affiliation plans.
Andrew Craft for KHN
New Hanover Regional Medical Center in Wilmington, North Carolina, is a publicly owned hospital delivering good care at lower prices than most others and still makes money―yet the county is selling the hospital to one of the state’s biggest healthcare systems.
In America s healthcare system, dominated by hospital chain leviathans, New Hanover Regional Medical Center in Wilmington, North Carolina, is an anomaly. It is a publicly owned hospital that boasts good care at lower prices than most and still flourishes financially.
Nonetheless, New Hanover County is selling the hospital to one of the state s biggest healthcare systems. The sale has stoked concerns locally that the change in ownership will raise fees, which would not only leave patients with bigger bills but also eventually filter down into higher health insurance premiums for Wilmington workers.
If this self-sufficient hospital cannot stand alone, can any public hospital survive?
If Wilmington’s self-sufficient medical center cannot stand alone, can any public hospital avoid being subsumed into the large systems that economists say are helping propel the cost of American health care ever upward?
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In America’s health care system, dominated by hospital chain leviathans, New Hanover Regional Medical Center in Wilmington, North Carolina, is an anomaly. It is a publicly owned hospital that boasts good care at lower prices than most and still flourishes financially.
Nonetheless, New Hanover County is selling the hospital to one of the state’s biggest health care systems. The sale has stoked concerns locally that the change in ownership will raise fees, which would not only leave patients with bigger bills but also eventually filter down into higher health insurance premiums for Wilmington workers.
Can Any Public Hospital Survive? medscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medscape.com Daily Mail and Mail on Sunday newspapers.