More changes are coming for Lake Erie Regional Health System of New York.
The parent corporation responsible for governing Brooks Memorial Hospital and the TLC Health Network, was formed in 2008 in response to New York State's Commission on Health Care Facilities, also known as the Berger Commission issued a news release today regarding the changing landscape of the region's health care.
Since 2008, the hospitals have continued to operate independently and have not experienced the efficiencies and cost savings that were expected. At the same time, hospital reimbursements have declined and the cost of providing care to our patients have increased. As a result, the financial positions of both institutions have suffered.
Today LERHSNY just like every health care organization is facing additional challenges as health care reform takes effect and will have to face the reality of:
Increasingly lower government reimbursement
Insurance companies ratcheting down utilization, forcing efficient care with better outcomes
Consumer-driven insurance market requiring providers to lower costs
Declining inpatient admissions; increasing observation cases
Because of these obstacles, more consolidations are expected between the two operations. Complete story in Thursday's edition.