New Cook County sys­tem CEO told to find sav­ings

Modern Healthcare - - REGIONAL NEWS - —Kris­ten Schorsch, Crain’s Chicago Busi­ness

Dr. John Jay Shannon was pro­moted to CEO at Cook County (Ill.) Health and Hos­pi­tals Sys­tem in late June, and he al­ready has been told to find $67 mil­lion in sav­ings in four months.

The Chicago-based health sys­tem, one of the largest pub­lic hospi­tal net­works in the coun­try, is re­spon­si­ble for much of a pro­jected $86 mil­lion short­fall in the county board pres­i­dent’s year-end budget fig­ures. The county’s fis­cal year ends Nov. 30.

Shannon says the deficit likely will be less than cur­rent projections. But he also says it is un­likely to be erased com­pletely in just a few months.

Most of the short­fall is due to the grow­ing pains as­so­ci­ated with County-Care, the county’s in­no­va­tive man- aged-care pro­gram for Med­i­caid re­cip­i­ents. Many of the roughly 95,000 people en­rolled now have in­sur­ance for the first time, which means Cook County Health could get re­im­bursed rather than hav­ing to sub­si­dize their treat­ment as char­ity care. But costs have climbed quickly as newly in­sured pa­tients have sought ev­ery­thing from check­ups to pricey treat­ments for chronic ail­ments.

With a $1 bil­lion budget, Cook County Health pro­vided more than $300 mil­lion in free care in 2013.

Loma Linda’s Vi­sion 2020 plan in­cludes a new 276-bed acute-care hospi­tal.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.