Washington, D.C.'s struggling United Medical Center, formerly known as Greater Southeast Community Hospital, has seen a lot of intervention from the district since it took control of the hospital three years ago, but very little has occurred in the way of lasting changes to its management or operational structure, according to a report by the Washington Post.
The 350-bed hospital has received roughly $100 million from the district since 2007, and its patient volume has grown 13 percent in the last year. But with 90 percent of those patients having government insurance or no insurance, and with changes in the disproportionate shares funding formula, the hospital's CFO Michael Davis told the Washington Post UMC has only four days of cash on hand.
After an earlier search for a private buyer failed, officials hired Chicago-based Huron Consulting Group for $12.7 million on a two-year contract to prepare it for a potential buyer. Huron's David Small will replace UMC's current CEO, Frank DeLisi, beginning March 28. An earlier recommendation from Chicago-based consulting firm McGladrey suggested the hospital downsize to just 60 beds, close a skilled nursing facility and focus more heavily on outpatient services, according to the report.
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The 350-bed hospital has received roughly $100 million from the district since 2007, and its patient volume has grown 13 percent in the last year. But with 90 percent of those patients having government insurance or no insurance, and with changes in the disproportionate shares funding formula, the hospital's CFO Michael Davis told the Washington Post UMC has only four days of cash on hand.
After an earlier search for a private buyer failed, officials hired Chicago-based Huron Consulting Group for $12.7 million on a two-year contract to prepare it for a potential buyer. Huron's David Small will replace UMC's current CEO, Frank DeLisi, beginning March 28. An earlier recommendation from Chicago-based consulting firm McGladrey suggested the hospital downsize to just 60 beds, close a skilled nursing facility and focus more heavily on outpatient services, according to the report.
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