Securing the Future for a Major Academic Cardiovascular Program: Hardwiring a Referral Network and Preparing for a Transition to Value-Based Reimbursement. Issue 4 (14th August 2020)

• Record Type: Journal Article
• Authors: Smyth, Susan S.; Moliterno, David; McClure, Rick; Campbell, Justin; Buckler, Lacey; McMullen, Colleen A.; Whayne, Thomas F.; Endean, Eric; Sekela, Michael; Karpf, Michael
• Is Part Of: Hospital topics. Volume 98:Issue 4(2020)
• Page Start: 163
• Page End: 171
• Publication Date: 2020-08-14
• Subjects: Strategic plan -- market share -- Academic Medical Center; Hospitals -- Administration -- Periodicals; Hospitals -- Periodicals; 362.11068
• DOI: 10.1080/00185868.2020.1803777
• Languages: English
• ISSNs: 0018-5868

Abstract

Abstract: The University of Kentucky College of Medicine and Albert B. Chandler Hospital opened over 50 years ago to serve Kentucky. After initial growth and expansion, both were struggling clinically, academically, and financially in the early 2000s. Difficulties were apparent in cardiovascular (CV) services, which captured only 11% of the regional patients hospitalized for cardiac disease. Over the next 15 years, CV services dynamically transformed to become the leading provider with a large network of regional partners, garnering 42% of market share. This article describes strategic plans and initiatives leading to clinical and academic growth. Future value-based initiatives are also described.