[DOWNLOAD] "Humana Hospital-Lexington: Chaos in I.S (CASES)" by Journal of the International Academy for Case Studies " eBook PDF Kindle ePub Free
eBook details
- Title: Humana Hospital-Lexington: Chaos in I.S (CASES)
- Author : Journal of the International Academy for Case Studies
- Release Date : January 01, 2000
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 244 KB
Description
BACKGROUND Built in 1983, HHL was one of the seventy-eighty acute-care hospitals owned by Humana, Inc. Humana experienced thirty years of uninterrupted growth and profitability after starting out as a nursing home operator in the 1960s. In the 1970s, Humana remade itself in response to marketplace changes by becoming the largest vertically integrated hospital management and health insurance provider in the world. The corporate culture, historically, encouraged innovation, quick response and risk taking. In 1991, while the health plan business was profitable and growing, hospital profits were declining rapidly due to reductions in Medicare and Medicaid reimbursements, rising operating costs, and declining occupancy rates due to fierce competition from outpatient centers and home health care operators. In late 1992, the Wall Street Journal ran articles describing Humana's problems and predicting that the hospitals had to be cut loose to avoid bankruptcy. In January 1993, Humana spun off all but one of its hospitals into an independent corporation called Galen Health Care, Inc. Humana quickly recovered after the spin off and was soon in the "black" again. In 1994, Humana, Inc. was the fourth largest health maintenance organization (HMO) in the U.S. with 2.1 million people enrolled in its HMO insurance plans in fourteen states.