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Holistic Approach With Chiropractic

Adjust to a pain free and healthy lifestyle

Female, Age 59, Texas | Quoted: Individual And Family Insurance.

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The loss amounts to 9 percent of the $679 million in revenues the group took in during the period. For the same nine-month period a year earlier, the group had an operating loss of $72 million, or 11 percent. Besides Jewish Hospital, KentuckyOne plans to sell the Frazier Rehabilitation Institute, Sts. Mary & Elizabeth Hospital in south Louisville and Jewish Hospital Shelbyville. The group also includes KentuckyOne’s Louisville outpatient centers -- Jewish Medical Centers East, South, Southwest and Northeast – as well as the KentuckyOne Health Medical Group provider practice in Louisville. Finally, Kentucky plans to sell Saint Joseph Martin, a 25-bed critical access facility in eastern Kentucky, and its provider practice in Martin, Ky. CHI values the total group of assets it wants to sell at $535 million for accounting purposes, according to the report, though that’s not necessarily an indication of what they would fetch in a sale. KentuckyOne, a statewide system with $2 billion in annual revenue, continues to be one of CHI’s worst-performing regions, according to the report. CHI doesn’t go into much detail about KentuckyOne’s problems, but the report says “nursing and other staff shortages” have meant more spending on “contract labor,” overtime and “premium pay.” On Friday, KentuckyOne said Ruth Brinkley, its CEO since inception in 2012, would step down in July . One of KentuckyOne’s bright spots is its University of Louisville operations – University Hospital and the James Graham Brown Cancer Center. But KentuckyOne has agreed to return the hospital and cancer center to the university on July 1 after a three-year-old joint operating agreement fell apart last year.

For the original version including any supplementary images or video, visit http://www.wdrb.com/story/35476416/kentuckyone-health-plans-to-sell-money-losing-group-of-louisville-healthcare-facilities-by-end-of-the-year

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