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Article: Blessed with a healthy bottom line; Bon Secours has avoided losses despite BBA, other operational challenges.(Brief Article)
- Article from:
- Modern Healthcare
- Article date:
- January 22, 2001
- Author:
CopyrightCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Red isn't a color Bon Secours Health System knows.
The 23-hospital Roman Catholic system has managed to maintain profitable operations at a time when other not-for-profit systems have lost money and blamed it on changing reimbursements, rising costs and bad managed-care contracts. In fact, Bon Secours has never lost money on operations since consolidating as a system in 1983.
``What I always say is, our claim to fame is not that we don't make our fair share of mistakes, but we're fairly quick to realize them and react to them,'' says Michael Cottrell, senior vice president of finance and chief financial officer at Marriottsville, Md.-based Bon Secours.
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