Thursday, August 7, 2014

Steward Expanding Shrinks

Just puttering around, readers.

"Steward Health Care expanding psychiatric facilities" by Liz Kowalczyk | Globe Staff   August 07, 2014

Steward Health Care System is spending millions to open new psychiatric units in its Massachusetts hospitals, filling a gap in mental health care and marking a reversal from the recent years in which hospitals had little interest in expanding these services.

Psychiatric care has long been considered a drain on hospital finances, but Steward executives said sweeping changes in the way health care is paid for are shifting that calculation. The for-profit company, which owns 10 hospitals in Massachusetts, has added 40 beds for adults with mental illness or substance abuse disorders in the past nine months, and plans to expand by another 30 beds this year — a total increase of 21 percent.

Suddenly, enhancing mental health services is not only good for patients but makes financial sense, too. Under new payment models, if large providers such as Steward can better coordinate care and keep patients healthier, reducing their long-term use of medical services, the hospitals may also see their bottom lines improve.... 

At lea$t $omeone is getting healthy in my corporate paper because reading the Globe is only making me sick these days. 

At least they called us patients and not consumers.

--more--" 

Also see: The New Steward of Massachusetts 

No need to worry then, huh?