Any business offering a similar at a lower price will almost always succeed in the marketplace. Sure, mitigating factors like taxes, regulation and global competition can throw a company off-track; but for services inherently local – like health care – quality and efficiency are central to a winning formula.
The value of the parent company for Saint Vincent Hospital in Worcester and MetroWest Medical Center in Framingham dropped more than 25 percent in morning trading on Wednesday.
The merger between UMass Memorial Health Care two hospitals in North Central Massachusetts is emblematic of an ongoing trend of hospital consolidation.
Saint Vincent Hospital on Thursday said a previously reported patient identification error involving a surgery by its team at the hospital was not the fault of its staff, because the actual misidentification took place outside of the hospital and didn't involve its employees.
Dr. David Shepro came to the Saint Vincent Hospital Cancer and Wellness Center two years ago after the system owned by Texas-based Tenet Healthcare opened the $23-million facility in 2013. He works directly with cancer patients and oversees the medical care at the center.
MetroWest Medical Center is another hospital in the region that's seen a stark financial improvement, and leading the ongoing turnaround is Barbara Doyle, the president and CEO of the Tenet Healthcare-owned hospital, with a main campus in Framingham and another in Natick.