Growth of Physician-Owned Specialty Hospitals in Oklahoma City Continues
Posted on: Wednesday, 30 November 2005, 21:00 CST
By Journal Record Staff
Oklahoma City has become an attractive market for physicians partnering with investors in developing specialty hospitals, according to a report from HealthLeaders-InterStudy.
According to the latest issue of the Oklahoma City Market Overview, nine physician-owned limited-service hospitals opened between 1994 and 2005.
HealthLeaders-InterStudy, a provider of managed care industry information, said that the increase is because of Oklahoma's relatively loose certificate-of-need laws.
The recent opening of McBride Clinic Orthopedic Hospital, yet another Oklahoma City-area physician-owned specialty hospital, reinforces the strength of local competition between physician groups and hospitals for inpatient market share and health care dollars, said Patrick Powers, HealthLeaders-InterStudy senior analyst. The debate about whether these hospitals are detrimental to the community's local health care dynamics continues.
In March, the OU Medical Center provided testimony before the U.S. Senate Committee on Finance showing that the medical center had suffered a major financial loss after nearby Oklahoma Heart Hospital opened in June 2002, according to HealthLeaders-InterStudy.
OU Medical Center's cardiovascular admissions declined from over 150 patients per month before the heart hospital opened, to zero by August 2002. Cardiovascular physicians from OU Medical Center also left the hospital to become owners in the nearby specialty hospital, according to the report.
Market Overview provides an analysis of local health care markets. HealthLeaders-InterStudy, based in Nashville, Tenn., is part of Decision Resources Inc.
Source: Journal Record - Oklahoma City
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