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As hospitals go, Saint Vincent Hospital is in an enviable position. Operating safely in the black, it was tracking to post a $50.3-million surplus in the summer of 2013. Steven MacLauchlan, the hospital's new CEO, said Saint Vincent's leg up on the transition to managed care gives it a comfortable advantage. The Florida native, who most recently worked as president of Norton Audubon Hospital in Louisville, Ky., discussed that advantage, and his vision for Saint Vincent.
I think when you talk about the basics of what we do — taking care of people, the ins and outs of diagnosing and treating people — it's really all the same. I think where maybe some of the differences are … Massachusetts is fairly well regarded as innovative, forward-thinking in terms of managed care, in terms of having physician groups work with hospitals. Florida may be a market where there was quite a bit of managed care, but not necessarily in large groups like I see here in Massachusetts. (In) Kentucky, I saw much more old-style types of things (like) commercial plans and not so much capitation, and those types of insurance products that I see here in Massachusetts.
Very definitely. Again, when you look at Massachusetts, which has been a leader in health reform, Saint Vincent has a tremendous opportunity. I think the other thing that helps us is we've been the type of organization that has recognized that to be successful in the future, we've got to be very focused on quality, service and cost, and we do that very well.
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Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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