Search Results for: baumgarten

06/25/2019 Bookmark and Share Share Post
Hospitals

Is Certificate of Need the Answer to North Texas Healthcare Prices?

What if Texas began to limit the number of hospitals? Would it improve healthcare spending, or just reduce competition and hurt patients? This spring, Children’s Health and Cook Children’s Hospital both announced the construction of new hospitals in Prosper. After decades of serving the growth in Dallas and Fort Worth respectively, the two pediatric health systems both felt the need to build hospitals just a few miles from each other. It felt like a change in the era of children’s healthcare in North Texas, and crossing the line of demarcation. The northern suburbs are no stranger to new hospitals, with… Full Story

03/6/2019 Bookmark and Share Share Post
Finance

The Trouble with Calculating Hospital Revenue

Last week, we ran a story about hospital profits in Dallas based on Allan Baumgarten’s Texas Health Market Review, and it caused a bit of a stir. Baylor Scott and White Health said that the data, which was created from surveys from the American Hospital Association and Texas Health and Human Services information, was incorrect and that we had made an error. The DFW Hospital Council had questions about the figures as well. Updates were posted, and discrepancies between what Baylor said was its profit margin and what was in the review were somewhat explained, but it highlighted just how… Full Story

02/26/2019 Bookmark and Share Share Post
Hospitals

Most North Texas Hospital Systems Are Clearing More Than 10 Percent in Yearly Profits

This piece has been updated with a response from Baylor and as well as Baumgarten in regards to financial discrepancies.  If you sit and listen to health provider executives, they will tell you about how they want to improve the quality of care while cutting costs. They have noble goals, but the numbers show that the North Texas healthcare market is raking in the cash with middling quality results. Almost all of North Texas’ health systems have yearly 10 percent profit margins, and the most lucrative health systems have margins nearing 20 percent with yearly net incomes over $1 billion.… Full Story

02/25/2019 Bookmark and Share Share Post
Hospitals

Five Possible Reasons the Baylor Scott and White Merger Didn’t Happen

Execs from Baylor Scott and White and Memorial Hermann haven’t released any information about why they called off the merger—other than their belief that they can achieve their goals separately—leading many in the industry to speculate as to how they came to that conclusion. Allan Baumgarten, who prepares the Texas Health Market Review every two years and has extensive knowledge of the healthcare business in Texas and nationwide, indulged my speculative questioning and shared five reasons that may have been the reason the merger was eighty-sixed. The prospect of a lengthy and expensive anti-trust challenge Baumgarten says that even though… Full Story

02/12/2019 Bookmark and Share Share Post
Insurance/Benefits

How Much Money Are North Texas Health Plans Making?

The latest version of Allan Baumgarten’s Texas Health Market Review came out this year, revealing enrollment, profit, and marketshare for Texas’ Health Plans for 2017. Some plans appear to be raking in the cash, while others are losing millions of dollars. First, let’s look at what the review says about insured rates in Texas, which has the greatest percentage of uninsured people in the nation. According to the report, Texas’ uninsured rate decreased from 21.9 percent in 2013 to 17.3 percent in 2017, though it ticked up from 16.9 percent since 2015. Texas is one of 14 states that hasn’t adopted… Full Story

12/19/2018 Bookmark and Share Share Post
Hospitals

Report: Texas Hospitals are Becoming Less Profitable

Hospital profits have been on the rise for years, but 2017 saw dividends down for healthcare providers in Texas, according the the Texas Health Market Review. Fewer insured individuals and HMOs that lost money were partly to blame for the losses. Allan Baumgarten has been publishing the reviews since 1998, analyzing hospital systems and insurers across Texas and other states. He looks at the impact of the Affordable Care Act and other factors that contribute to the direction of the market. He noted that young people are less likely to care about a relationship with a physician than in past… Full Story

12/22/2015 Bookmark and Share Share Post
Hospitals

The Most Read Healthcare Stories From 2015, All In One Place

Looking at analytics, 2015 may be the year that the true impact of the Affordable Care Act became visible. Locally, there were more large-scale alliances and partnerships and fewer outright acquisitions. Readers remain curious about the future of the physician shortage in Texas and the potential for technology to improve access to care. And while there were no global stories of interest to come out of North Texas, one dominated the website’s readers: The collapse of Forest Park Medical Center. The luxury physician-owned hospital chain is now beset by multiple bankruptcy filings, closures, and the indictment of one of its… Full Story