'80S Medical Industry Expanded with Heavy Capital Investments

By Watkins, Robert | THE JOURNAL RECORD, January 2, 1990 | Go to article overview

'80S Medical Industry Expanded with Heavy Capital Investments


Watkins, Robert, THE JOURNAL RECORD


assured a 10-year expansion binge for Oklahoma City's medical establishment during the 1980s. But there were signs that the cost of steady growth was showing up in renewed strains against a smaller manpower pool and, quite possibly, a more vigorous pursuit of fewer dollars in the years ahead.

The most obvious change, in the view of Baptist Medical Center's chief operating officer, Stan Tatum, was a revised hospital and medical care reimbursement system decreeing flat rate payments. Gone is the ability of hospitals to bill for all the services demanded by their patients.

Putting it bluntly, it means stricter limits on the amounts hospitals can actually collect from patients or third parties. And, for many, it has meant fewer admissions, which translates into lost revenues.

"We are moving into an area of limited resources, requiring a more serious look at the operating dollars we have," said Tatum. "It brings manpower into play." What he and other administrators are facing, he suggests, is an urgent need to pare down the number of available jobs.

Along those lines, Tatum and Baptist are reviewing the role of the professional nurse and the nurse's specific duties. They will try to define the jobs requiring less expertise and, at the same time, extend the study to other professional categories.

During the next decade, hospitals will tend to concentrate on areas of strength, or centers of excellence, as some describe them. Baptist, says Tatum, has identified several. At the top of the list: cancer and heart.

Two others apparently rank high on the priority list:

The ospital's burn center and the cochlear implant program launched by Dr. Jack Hough.

During the 1980s, the center has invested at least $55 million in new facilities and expansion.

According to Tatum, Baptist put $11 million into an expansion of its east tower, adding four floors and more private rooms. It is still licensed, however, for 577 beds.

One of the new floors is to be opened in December, the others at three-month intervals.

Baptist Medical Plaza North, along with a connecting tunnel and a parking garage, was constucted during the 1980s at a cost of $17.5 million. About $9 million went into a new outpatient facility and laboratory. A conference center was added in 1986 at a cost of $2.5 million. Emergency room renovations and two new trauma rooms cost about $800,000.

By early summer, a Women's Center may be completed at an estimated cost of $8 million. And, by June 1990 a new heart catherterization facility is scheduled for completion at a cost of roughly $4 million.

Tatum said a significant expansion of obstetrics and neonatal care is about a year and a half away.

At Mercy Health Center, capital expenditures during the last 10 years were said to have exceeded $50 million. The figure includes equipment and construction of new or expanded facilties.

The hospital's Family Birthplace, the "one-stop" labor, delivery, and neonatal services center, was opened last year at a cost of $2.5 million.

One of the decade's major projects, the McAuley Medical Plaza, a four-story outpatient facility with two floors reserved for physicians' offices, was completed in 1983.

The acquisition of updated equipment required large outlays for Mercy. Example: a new CAT scanner at $1.1 million.

New radiographic equipment, including a radiology computer system was added at a cost approaching $1 million.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

'80S Medical Industry Expanded with Heavy Capital Investments
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.