Both non profit hospitals in Richmond are still very much operating in the black, but large investment losses are dragging down their financial performance, and that could clog the pipeline for new buildings and potentially increase the cost of borrowing in the future. And both say more patients are postponing certain care and having more trouble paying.
A Utah-based health care staffing company will open a new office in Richmond this summer.
VCU Medical Center has gone almost completely paperless, putting the local hospital at the fore of a federal push to digitize records.
A British firm that has come up with a product to kill high-powered bacteria has become the 56th company in the Virginia BioTechnology Research Park in downtown Richmond. Biocontrol Ltd. of London opened an office in an existing building in the park and will operate as a U.S. based affiliate under the name Biocontrol International… Read more »
Last week local launderer HandCraft opened a 60,000 square foot facility dedicated to hospital linen. The company poured $9.6 million into the building, which is on Cofer Road in Richmond’s South Side. Construction started in March of 2007 after a lengthy closing process.
The Wall Street Journal has a fascinating story about a Ferrari-driving liver surgeon. According to the WSJ, Amadeo Marcos, who was pressured to leave the VCU School of Medicine in 2000 after a colleague filed a sexual assault complaint, was recruited to the University of Pittsburgh Medical Center to boost the number of lucrative liver… Read more »
A former medical director at Anthem has filed a lawsuit alleging the company forced him to leave in July of 2006 after he exposed a cozy relationship with a drug company. Dr. Randy Axelrod, 51, who was a vice president in charge of health care management for Anthem’s parent, WellPoint, claims that he was dismissed… Read more »
Dr. William Jiranek has for years tried unsuccessfully to set up a state-wide database that tracks patients who receive joint replacements. Jiranek, who works in the Department of Orthopedic Surgery at the VCU Medical Center, said that so far only six of an estimated 200 doctors doing joint replacement in Virginia are participating.
A Richmond startup thinks there’s a market for treating health care more like car repairs – encouraging employees to pay out-of-pocket for routine tune-ups and letting insurance cover the accidents and emergencies. Hoping to implement this style of health care on a broader scale, nHealth recently raised $12 million, with most of that money coming… Read more »
Health care is now the largest private employer in the Richmond area, according to the Times-Dispatch’s Top 50 Employer story. VCU Health Systems ranked as the No. 1 private employer for the first time. Bon Secours and Richmond Health Systems were both in the top 10.“Today health care firms in the top 10 account for… Read more »