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St. Vincent’s Aligns with New York Hospital Network
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Business New Haven
8/10/98
By: BNH
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BRIDGEPORT - St. Vincent's Health Services Inc. has announced that it will become a member of the New York Presbyterian Healthcare Network in New York City. This will result in an affiliation with physicians from the Columbia Presbyterian campus with which St. Vincent's will associate its postgraduate medical residency program. St. Vincent's will now also have a direct link to New York Presbyterian and Columbia's tertiary programs, including organ transplants, high-risk newborn care and burn care. This arrangement is not a merger, and St. Vincent's Health Services Inc. will continue to be owned and sponsored by the Daughters of Charity National Health System, the largest non-profit health-care system in the country.
Rhode Island Hospital Affiliates with YNHH
NEW HAVEN - The Westerly Hospital in Westerly, R.I. has recently signed a participant agreement to become the first network member of the Yale-New Haven Health Managed Care Network. This program offers a full range of services, including contract management, claims processing and medical and disease management, to both payers and employers. This relationship is a contractual alliance, but Westerly will remain independent and separate in terms of its corporate governance. There will be no transfer of assets.
New MRI In Milford
MILFORD - Milford Hospital has recently installed the Gyroscan NT, one of the most advanced magnetic resonance imaging (MRI) systems available. This apparatus allows the patient to keep his/her head outside the machine while the diagnostic testing is taking place, eliminating the problems of claustrophobia. MRI testing allows doctors to view a patient's body without the risks of radiation. The Gyroscan NT is part of the state-of-the-art diagnostic center at Milford Hospital. Along with the Gyroscan NT, there is a new ultrasound system and the latest spiral CAT scan machine. Milford Hospital serves 75,000 patients a year in Milford, West Haven, Orange, Woodbridge and Stratford. The facility has recently completed a $25 million renovation project, which includes a walk-in center, intensive care unit, emergency center and a family childbirth center.
US News Gives High Ranking To YNHH
NEW HAVEN - According to the newsmagazine U.S. News & World Report, Yale-New Haven Hospital has been listed as one of the nation's top hospitals in its 1998 ranking of “America's Best Hospitals.” Among 16 specialties, YNHH was listed in seven as having one of the highest quality clinical programs in the country. The reankings were based on evaluation of medical data and reputation. YNHH was cited for gastroenterology, geriatrics, gynecology, neurology and neurosurgery, psychiatry, pulmonary disease and urology. It was the only hospital in Connecticut that was listed in the ranking.
Health Care Profits Rise
HILTON HEAD, S.C. - According to the first-quarter 1998 analysis released recently by WDI Healthcare Markets Group/KPMG Peat Marwick LLP's Health Care Transaction Services, the health care and life sciences industry's adjusted earnings growth was 15.2 percent, while its revenue growth was 15.3 percent. The report analyzed the performance of public health care in the following industry sectors: providers and services, biotechnology and pharmaceutical companies, and medical devices and supply firms. The provider and services sectors, comprising 265 public companies, reported an adjusted earnings growth of 20.7 percent and a revenue gain of 16 percent. The bio-pharmaceutical sector, consisting of 350 public companies, reported an adjusted earnings growth of 23.2 percent and a revenue gain of 12.8 percent. The medical devices and supplies sectors, comprising more than 275 public companies, reported an adjusted earnings growth of 13.5 percent and revenue gains of 8.8 percent.
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