Quality healthcare—for all
Healthcare, however, is always evolving. The federal government now pays for quality of care rather than volume in an effort to reduce costs. Surveys on clinical measures and patient experience are used to calculate reimbursement fees for hospitalized Medicare patients. Wayne Memorial stands to lose—or gain—hundreds of thousands of dollars each year.
There is a lot of financial “risk” at stake in this new world. There are also potential benefits. While we expect to remain independent, we may seek to partner with other entities to provide needed services such as stroke support or specialized cardiology programs. It may also mean expanding into new areas or locations.
In the last 12 months, Wayne Memorial Health System and WMCHC have opened or acquired primary care and outpatient ancillary service centers (x-rays, blood draw, EKG) in Wayne, Lackawanna and Susquehanna Counties in Pennsylvania. Future projects include behavioral health and dental services in Pike County.
Our expanding healthcare services impact the local economy by providing jobs and customers for housing, retail, food and other commodities. According to the Hospital and Healthsystem Association of Pennsylvania (HAP), Wayne Memorial Hospital alone spends approximately $68.5 million dollars annually and provides a ripple benefit of $66.3 million dollars to the region’s economy. We see continued growth of these numbers.
Growing and expanding access to quality healthcare in our region continues to be Wayne Memorial’s vision for the future. We believe we’re on target to achieve our goals. Visit one of our facilities and let us know how we’re doing.
[David L. Hoff is the Chief Executive Officer at Wayne Memorial Health System.]