Word: nonprofits
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Dates: during 1980-1989
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...sight of William Schroeder joking with his family last week was the best possible advertisement not just for the miracles of science but for Humana, the investor-owned medical conglomerate. In the fast-growing U.S. health care industry, investor-owned companies are challenging nonprofit organizations and community hospitals for a greater share of the nearly $1 billion-a-day business. Profitmaking companies now own or manage more than 20% of all U.S. hospitals, double the percentage of five years ago. Moreover, they are moving rapidly into affiliated areas such as health maintenance organizations, satellite clinics and surgical-equipment firms...
...difference between nonprofit hospitals and companies like Humana is that the large chains usually make better use of cost-cutting measures, including centralized billing and inventory controls. They can get the benefits of economies of scale by buying bandages and other supplies in huge volumes at discount prices. Profitmaking hospitals have no monopoly on cost-effective management, but they have more incentives. Says Humana Chairman Jones: "Making a profit is never an end. It's a requirement. Any hospital has the same opportunity...
...some of the best-paid professionals in America, can hardly contend that they have not profited from medicine. Princeton Economist Uwe Reinhardt, who is participating in a study of for-profit health care, says that so far he has not seen much difference between the behavior of commercial and nonprofit hospitals. Says he: "Hiring big names is good business and good academics. It's one way to achieve a certain luster. DeVries and the artificial heart give Humana legitimacy in the medical world and put its name before prospective patients. Nonprofit institutions have always done this...
...Professor Wilson is a nationally renowned authority in this field and we feel that there are a lot of critical issues that need to be disseminated," said a spokesman for the National Institute of Justice, which provided $587,000 for the project. The Police Foundation, a Washington-based nonprofit organization, is producing the show...
...alleviate my agony. Three weeks as an inpatient at St. Louis University's Pain Management Program taught me how to live with my pain through such methods as biofeedback, physical therapy, exercise and relaxation. I now attend biweekly meetings of the local chapter of Chronic Pain Outreach, a nonprofit support group that provides speakers who help us cope with our problems. Robert C. Lucas Brentwood...