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Healthcare Financial News - Triad Reportedly Planning to Increase Physician Ownership of Hospitals

Healthcare Financial News


Wednesday, May 24, 2006
Triad Reportedly Planning to Increase Physician Ownership of Hospitals

The publicly traded Triad Hospitals Inc. will give physicians an opportunity to own a share of most of its hospitals, reports Reuters. The chain currently has physician owners in five of its hospitals and will make ownership an option in five to 10 hospitals each year, according to the report. The chain’s CEO is quoted by Reuters as saying that when physicians become owners, the hospital typically has higher efficiency, better outcomes, and greater patient satisfaction. "We see it expanding to every community we work in," said Denny Shelton, Triad's chief executive. "We are finding ways to align ourselves with physicians who are actively seeking ways to supplement their income."

posted on 5/24/2006 7:37:49 AM (CST)  Permalink