This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

City Of North Kansas City Demands Independent Review Of North Kansas City Hospital Operations, Financials, Competitive Position

NORTH KANSAS CITY, Mo., March 5, 2013 /PRNewswire/ -- According to the American Hospital Association, the number of standalone hospitals in the United States has dropped by nearly 43% since 1990.  This is due in large part to lower reimbursement levels, fewer hospital visits, increased capital requirements, and other pressures brought on by the recession and health care reform. 

Consider the following:

  • One of the largest credit rating agencies has a negative outlook for the U.S. non-profit health care industry.
  • Hospitals across the country are realizing the benefits of strategic partnerships, mergers, etc. According to Modern Healthcare Magazine, there were 109 hospital mergers in 2012 alone, the highest in a decade.
  • Saint Luke's Health System of Kansas City (non-profit), BJC HealthCare of St. Louis (non-profit), CoxHealth (non-profit) of Springfield, Mo., and Memorial Health System (non-profit) of Springfield, Ill. recently entered into an alliance.  Individually, they each had revenues exceeding $1 billion, much greater than North Kansas City Hospital.  Yet, they felt they were better served by an alliance, which resulted in a $7 billion venture. 

Yet here in North Kansas City, the Board of Trustees that oversees the North Kansas City Hospital seemingly refuses to acknowledge this reality. What is the Hospital's plan to ensure the Hospital remains competitive in the face of increasing consolidation, intensifying cost pressures, lower reimbursements, and shrinking hospital visits? Does the Hospital have a plan to best compete long-term, especially when other standalone hospitals are taking action today?

While the North Kansas City City Council has repeatedly demanded answers to these questions from the Hospital – along with basic operating data and other information – the Hospital's Board of Trustees instead responded with expensive lawsuits, special interest legislation, misinformation and other tactics designed to waste taxpayer dollars, protect their own self-interests and scare our citizens and Hospital employees.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs