Largest US for-profit, HCA, purchases largest CO hospital consortium (non-profit) Largest US for-profit, HCA, purchases largest CO hospital consortium (non-profit) | allnurses

Largest US for-profit, HCA, purchases largest CO hospital consortium (non-profit)

  1. 3 So, as I understood it, HealthONE, the largest hospital consortium in CO, was controlled by a non-profit, CHF, but HCA, the largest for-profit hospital corp in the USA, bought them out of their share.

    HCA is based in TN, has over 160 hospitals and 100 other facilities nationwide. HCA is publicly traded, listed on NYSE (HCA), IPO was Q1 this year and market cap is over $17B!!!

    HealthONE has the most hospitals in CO: Swedish, Rose, Med Center of Aurora, North Suburban, PSL, Skyridge, Spalding Rehab, RRMC, and a bunch of other smaller facilities.

    What are the implications of this for patients and RNs?
  2. 19 Comments

  3. Visit  TheCommuter profile page
    13
    I live in the Dallas/Fort Worth metro area of Texas, and HCA owns many of the major hospitals around here: Medical City of Dallas, Medical Center of Arlington, Medical City Children's Hospital, Denton Regional, Plaza Medical Center of Fort Worth, North Hills Hospital, Medical Center of Lewisville, Medical Center of Plano, Medical Center of McKinney, Las Colinas Medical Center, and more...

    To keep a long story short, the HCA hospitals DO NOT have a good reputation in the local service area.
    lyceeboo, againmlg, MtBpsy9609, and 10 others like this.
  4. Visit  whichone'spink profile page
    1
    Oh crap. How soon before they make a beeline towards Colorado Springs' Memorial Health Systems.
    lindarn likes this.
  5. Visit  lockheart678 profile page
    12
    Run while you can. If the employees had any job satisfaction before, it's all about to go down the drain. Their attitude is that they'll do anything to save a buck, even if it ends up costing them more money in the long run because it was a stupid idea. From my experience, HCA does not care one bit about their employees. We're also the lowest paid around the area.
    koi310, lyceeboo, againmlg, and 9 others like this.
  6. Visit  tewdles profile page
    12
    HCA cares little about it's employees and it is difficult to determine that they care about patient outcomes as much as they care about market share...
    lyceeboo, MtBpsy9609, annmariern, and 9 others like this.
  7. Visit  PeachPie profile page
    12
    I wouldn't spit on an HCA facility if it was on fire, and almost everyone I've talked to agrees. I'm already blacklisted from HCA hospitals due to getting caught up in a management regime change, and this merging has made my job options even slimmer.
    lyceeboo, againmlg, MtBpsy9609, and 9 others like this.
  8. Visit  lrobinson5 profile page
    5
    I still don't know how people allow this to continue. Yes healthcare will always be a business, giving money to doctors for medical care, but allowing CEO's and businessmen into the game is wrong. You think they give a damn about patients? Unless they are going to sue, they don't.
    annmariern, wooh, tewdles, and 2 others like this.
  9. Visit  kcmylorn profile page
    11
    1. this ia all i have to say^ forbes. http://www.forbes.com/2000/12/15/1215disaster.html.
    well maybe just this one thing- with all this going on- how much time does a ceo have to care about staffing and competent patient care- my rule of common sense!
    Fixit, lyceeboo, againmlg, and 8 others like this.
  10. Visit  lindarn profile page
    6
    Sounds like a good time to call the National Nurses United, unionize, and take control of your workplace before it is too late.

    JMHO and my NY $0.02.
    Lindarn, RN, BSN, CCRN
    Somewhere in the PACNW
    BelleMorteRN, mdfog10, wooh, and 3 others like this.
  11. Visit  TheCommuter profile page
    5
    Hospital Corporation of America (HCA) is the largest private operator of health care facilities in the world. It is based in Nashville, Tennessee, United States and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise. The founders of HCA include Jack C. Massey and Dr. Thomas Frist, Sr, grandfather of former U.S. Senate majority leader Bill Frist.
    Bill Frist's brother Thomas Frist Jr. became chairman and chief executive of Hospital Corporation of America in 1997.
    http://en.wikipedia.org/wiki/Hospita...ion_of_America

    http://en.wikipedia.org/wiki/Bill_Frist
    Fixit, lyceeboo, NRSKarenRN, and 2 others like this.
  12. Visit  tewdles profile page
    10
    Making senator Frist (a physician himself) a very wealthy man...of course, that is nearly a requirement now to become a member of either house of Congress. Additionally, those type of connections would clarify why so many are vehemently opposed to any health care reform which would nudge the system away from the profit driven model.
    koi310, NRSKarenRN, annmariern, and 7 others like this.
  13. Visit  Flo. profile page
    0
    I thought HCA already owned HealthONE.
  14. Visit  That Guy profile page
    5
    Well, that just crushed all hopes and dreams of me ever wanting to move back to CO.

    **** YOU HCA
    caroladybelle, wooh, lindarn, and 2 others like this.

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