23 Aug WILL THERE BE AN ENFORCEABLE PART OF WHATEVER COMES OUT OF THIS PROCESS THAT WILL ENSURE THAT HCA HEALTHCARE DOES NOT CHARGE THE FOUNDATION FOR CARE DELIVERED IN THE AREA?
Yes, there is an enforcement role that is part of the new Foundation that will be created to oversee and manage the proceeds from the contemplated transaction with HCA Healthcare. HCA Healthcare will be making significant contractual commitments to operate in certain ways and with certain obligations. Dogwood Health Trust, in addition to its transformational role in improving the health of the people of western North Carolina and the surrounding region, will also be the entity charged with enforcing those contractual obligations, should there ever be a need to do so.
More generally, joining HCA Healthcare would not change how Mission approaches patient care. All hospitals are required to meet many of the same federal and state requirements and are held to the same quality and patient safety standards. Both for-profit and non-profit hospitals provide charity care. Click Here for a quick comparison of for-profit and not-for-profit hospitals.
Also of interest, is a study by the Harvard School of Public Health that determined that switching from non-profit to for-profit status appears to boost hospitals’ financial health but does not appear to lower the quality of care they provide or reduce the proportion of poor or minority patients receiving care. Click here for the link.