Tenet Healthcare offered plans to deal with the financial pressures imposed by the incoming wave of baby boomers this week, which consist largely of spreading the best practices of its most efficient hospitals.
Tenet's Medicare Profitability Initiative will focus on five DRGs chosen for each hospital, and work to improve outcomes and cut costs on those chosen services.
Such strategies are already important for Tenet, which is seeing a growing number of Medicare patients. Tenet's Medicare admissions increased 0.8 percent between the first quarter of 2008 and first quarter of 2009, despite a 1.3 percent decline in total admissions.
To learn more about Tenet's baby boomer strategy:
- read this Modern Healthcare piece (reg. req.)
Related Articles:
Tenet reports first-quarter profit
Tenet Healthcare loses $33M for Q4 '08
Tenet losses lead to stock plunge, criticism
Tenet turning around: Admissions grow, losses fall