33 | METHODIST HEALTH SYS­TEM

Modern Healthcare - - HEALTHCARE’S HOTTEST -

WHAT IT DOES: Pro­vides in­te­grated care to in­di­vid­u­als and fam­i­lies throughout north Texas. HOW IT GREW:

In the past five years, Methodist Health Sys­tem has dou­bled in size, ex­pand­ing three of its Dal­las-area med­i­cal cen­ters and adding fam­ily health cen­ters throughout the re­gion. The sys­tem’s phys­i­cal ex­pan­sion has helped Methodist in­crease its mar­ket share in the surg­ing Dal­las mar­ket.

Ac­cord­ing to 2010 cen­sus data, four of the 10 fastest-grow­ing coun­ties in Amer­ica in the past decade sur­rounded Dal­las, and much of Methodist’s growth has come from fur­ther ex­pan­sion into the sub­urbs.

“While many other health sys­tems across the coun­try have been se­verely im­pacted by the over­all fi­nan­cial down­turn, high debt and ex­po­sure to the eq­uity mar­ket, Methodist’s long­stand­ing con­ser­va­tive fi­nan­cial strat­egy has en­abled us to ex­e­cute our growth strat­egy with­out im­pair­ing our bal­ance sheet,” Chief Fi­nan­cial Of­fi­cer Michael Schae­fer said in an Au­gust news re­lease.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.