Click here to view the 2013 Annual Report. House Bill 1016, enacted by the 76th Legislature, and Texas Government Code, Sec. The emphasis of discussion about these financial statements will focus on the current year data. Though these factors should inspire hospital leaders to exercise caution when investing, many are spending millions in capital to expand their buildings and infrastructure with hopes of attracting more business from competitors. In a statement, executives attributed a 77% drop in adjusted income last August to “a decrease in patient revenues as a result of the implementation of the new Epic Electronic Health Record system.”. The Permanent University Fund (PUF) is one of our state’s most unique, important, and enduring competitive advantages. On the contrary, 1,412 hospitals have merged since 1998, primarily to increase their clout with insurers and raise prices. I authored the Washington Post bestseller, "Mistreated: Why We Think We're Getting Good Healthcare--And Why We're Usually Wrong," and am a board-certified plastic and reconstructive surgeon, a clinical professor of surgery at Stanford University, and on the faculty of the Stanford Graduate School of Business. The challenges confronting these hospital giants mirror the difficulties nearly all community hospitals face. Given the opportunity to start over, our nation would build fewer hospitals, eliminate the redundancy of high-priced machines, and consolidate operating volume to achieve superior quality and lower costs. Although nearly every hospital talks about becoming leaner and more efficient, few are fulfilling that vision. Its storied history dates back more than a century. As MD Andersons t’ hird president, serving in that capacity from 1996 to 2011, he inspired significant achievements in research and The University of Texas M. D. Anderson Cancer Center Exhibit B Statement of Revenues, Expenses, and Changes in Net Position For the Year Ended August 31, 2017 Operating Revenues: Student Tuition and Fees Discounts and Allowances Federal Sponsored Programs Federal Sponsored Programs Pass-Through from State Agencies Erik Holmlin, PhD, CEO of Bionano Genomics, commented: “The MD Anderson Cancer Center is one of the world’s most important cancer research and treatment centers. Real Momentum, Measurable Results; 2020 Update: An Economic Assessment of the Cost of Cancer in Texas and the Benefits of the Cancer Prevention and Research Institute of Texas (CPRIT) and its Programs If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. The views I express here are my own and do not necessarily represent those of Kaiser Permanente. CMS said these moves will “provide a more level playing field for competition between hospitals and physician practices by promoting greater payment alignment.”. • But after a difficult FY 2016, BWH offered retirement buyouts to 1,600 employees, nearly 10% of its workforce. MD Anderson Cancer Center at Cooper Quality Reports Click here to view the January 2013 - September 2016 Oncology Quality Results MD Anderson Cancer Center at Cooper Annual Reports Click here to view the 2016 Annual Report. The U.S. Court of Appeals on Jan. 14 vacated University of Texas MD Anderson Cancer Center's $4.3 million HIPAA fine for losing more than 35,000 patients' protected health information. By the time Medicare rolled out in 1965, healthcare consumed just 5% of the Gross Domestic Product (GDP). 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