Landmark services still in jeopardy as sale nears

By Richard Asinof
Contributing Writer
After more than five years in receivership and more than $4.1 million spent to support the efforts of Special Master Jonathan N. Savage to keep Landmark Medical Center financially afloat, state regulators are scheduled to reach a decision on Oct. 28 on the bid by Prime Healthcare Services of Ontario, Calif., to buy the struggling hospital. More

To continue reading this article, please do one of the following.



Health Matters

Landmark services still in jeopardy as sale nears

PBN PHOTO/BRIAN MCDONALD
FULL ROOM: The emergency room at Landmark Medical Center in Woonsocket. The emergency room saw more than 40,000 visits in 2012, the fourth highest in Rhode Island.
By Richard Asinof
Contributing Writer
Posted 8/12/13

After more than five years in receivership and more than $4.1 million spent to support the efforts of Special Master Jonathan N. Savage to keep Landmark Medical Center financially afloat, state regulators are scheduled to reach a decision on Oct. 28 on the bid by Prime Healthcare Services of Ontario, Calif., to buy the struggling hospital.

Whatever state regulators decide, following the 120-day review process mandated by the state’s Hospital Conversion Act, the future of the Woonsocket community hospital will still be uncertain, despite the confident tone taken by Dr. Prem Reddy, chairman, president and CEO of Prime Healthcare Services, at a July 9 public hearing.

Reddy offered the first detailed public overview of his for-profit hospital network’s plans for Landmark at a public hearing by the Health Services Council of the R.I. Department of Health.

Prime Healthcare’s motto is “saving hospitals, saving jobs, saving lives,” and the job of rescuing financially troubled, acute-care community hospitals is his passion, Reddy told the council. “I don’t travel. I don’t go on vacation. I don’t play golf,” he said.

Nonetheless, maternity services at the acute-care hospital may be forced to close due to lack of patient volume. The high use of Landmark’s emergency room, with more than 40,000 visits in 2012, the fourth highest in Rhode Island, promises to come under increasing scrutiny as part of health care reform, with questions about whether payments spent on ER visits would be better invested in more cost-effective delivery of primary-care and behavioral-health services.

The critical challenge, according to Lt. Gov. Elizabeth H. Roberts, isn’t whether Prime Healthcare is the successful bidder for Landmark. Rather, she said, it’s whether the new owners will promote a system in which the care delivered is based on value over volume, with improved health outcomes for Woonsocket residents – where three-quarters of the payer mix receives Medicaid or Medicare health benefits.

Next Page
Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement