Over the past two fiscal quarters, Nashville, Tenn.-based Vanguard Health Systems reported net losses of $9.9 million and $19.2 million, but Mike Duggan, CEO of Vanguard-owned Detroit Medical Center, said the hospital is moving in the right direction, according to a Crain's Detroit Business report.
Mr. Duggan said volumes and hires have grown at DMC, although he did not provide specific figures, according to the report. Additionally, DMC is embarking on its five-year, $500-million capital improvement plan that includes projects such as emergency department expansion and the DMC Cardiovascular Institute.
DMC has also looked into lean manufacturing principles to cut costs and has switched some staff positions into patient care, according to the report.
Mr. Duggan said volumes and hires have grown at DMC, although he did not provide specific figures, according to the report. Additionally, DMC is embarking on its five-year, $500-million capital improvement plan that includes projects such as emergency department expansion and the DMC Cardiovascular Institute.
DMC has also looked into lean manufacturing principles to cut costs and has switched some staff positions into patient care, according to the report.
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