Jewish Hospital Careers
This is your private business intelligence briefing, with Insider Louisville staff and contributors vetting tips collected during the past few days, hours and minutes before we post at 7:30 a.m.
There’s so much to cover, we looked back over the last six months and realized the health care world has slipped off our radar a bit.
Wonder what ever happened with that hugely controversial merger that involved Denver-based Catholic Health Initiatives, Jewish Hospital & St. Mary HealthCare and University of Louisville Hospital/University Medical Center?
• The big story this week is that KentuckyOne Health, as have so many health care companies before it, appears to be in the process of being brought low by business in Kentucky. KentuckyOne Health lost $135 million during the fiscal year just ended June 30. Executives at KentuckyOne’s parent CHI fired the KentuckyOne CFO last week after only seven months on the job. Makes sense doesn’t it? Lose $135 million, mostly based on decisions coming from the corporate office in Denver, then fire the guy who’s counting the beans. The rumor going around is that losses are accelerating, not declining. July losses might be more than million alone, according to insiders.
We went through CHI’s 45-plus page quarterly disclosure, which you can see here, but found no mention of KentuckyOne losses broken out. (Warning: It’s a .pdf file.) What we did find: 2012/2013 is a time of shrinking margins for the non-profit, the third-largest faith-based health care system in the United States. But the earnings report notes that CHI is making a number of huge commitments, including the acquisition of St. Luke’s Health System in Texas effective June 1.
As part of the deal, CHI will contribute billion in cash and debt over seven years to a foundation focused on improving health care in the area. CHI did not assume responsibility for St. Luke’s debt as it did in Louisville with Jewish Hospital.
In Kentucky, CHI agreed to a joint operating agreement with Jewish Hospital & St. Mary’s HealthCare and University Medical Center in which CHI is committed to injecting $173 million over five years, as well as loaning UMC $40 million to pay down debt.
Net revenue rose 10 percent to $8.3 billion for the nine months ended March 31 from $7.6 billion for the same period last year.
Most data and ratios are similar between 2012 and 2013 including days of cash on hand and ratio of debt to capitalization. (See the chart above.) But the operating margin decreased to .5 percent for the year ended March 31 compared to 3.6 percent from the same period last year.
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Where is the largest Jewish General Hospital?
The largest Jewish General Hospital in the United States depends on if it is referring to the size of the hospital of the patient intake, the two largest are in in Chicago and Denver.
Where is Barnes Jewish hospital?
Barnes Jewish Hospital is located @ One Barnes-Jewish Hospital Plaza, St. Louis, MO 63110 Phone: 314-747-3000 .