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Drexel Lost Mcp
- Thread starter whipple
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Drexel was the one that bailed out MCP (Medical College of Penn) several years ago...thus in control of all previously owned MCP hospitals and programs.
What you mention seems strange...perhaps the person who said that was misled or mistaken. Of course, anything can happen, but why would Drexel lose MCP?
Anyone interview there recently or go to school at Drexel or MCP who can clarify this?
What you mention seems strange...perhaps the person who said that was misled or mistaken. Of course, anything can happen, but why would Drexel lose MCP?
Anyone interview there recently or go to school at Drexel or MCP who can clarify this?
MCP Hospital is gone...it was closed and sold by Tenet and re-opened under a new non-profit as Women's Medical Hospital. Not sure if the Drexel residents or medical students still rotate there.
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To the best of my knowledge, MCP announced last year that they were closing their hospital completely. Thus, Drexel did "lose" MCP, since MCP no longer exists. A new non-profit hospital has taken it's place (residents don't train there anymore) Regardless, I chose not to interview there, as I heard that the program (Drexel General Surgery) is having problems, as that was one of the major hospitals that residents rotated at... Hence, a large part of residents clinical education evaporated overnight. Not the type of place that I'd like to train for the next 5 years...
Here is a cut/paste I found on the subject from a while back...
As early as today, Tenet Healthcare Corp. plans to announce the closure of the 153-year-old MCP Hospital by March 1, slashing more than 1,000 jobs.
Tenet executives began calling union officials late yesterday, informing them that the hospital would be closed in a little more than two months.
One call went to Henry Nicholas, president of Local 1199C of the hospital workers' union, which represents more than 600 MCP workers.
"The whole MCP [hospital] campus will close March 1," Nicholas said. He said Tenet planned to make an announcement today.
MCP, where nurses are voting today on whether to end a five-week strike, is the eighth-biggest general hospital in the city, with 365 staffed beds. But fewer than half are used, and the number of patients has fallen to about 70 because of the strike. The East Falls hospital provides general and psychiatric services. It also is used by Drexel University to teach medical students.
Councilman Michael Nutter, who is chairman of Tenet's community board of advisers, said he learned of the hospital's closure late yesterday in a visit from Phillip S. Schaengold, the Tenet vice president who heads the California firm's local network.
"I am very angry, very disappointed," Nutter said. "This is a significant breach in the nature of my relationship with Tenet." Nutter, whose council district includes MCP, said he would resign from the advisory board, and seek to mount a full investigation of Tenet's decision to close the hospital, and look into the tax breaks that the corporation received when it took over MCP and seven other hospitals in 1998.
Maria Iaquinto, a Tenet spokeswoman, would not confirm the closure or comment further.
Today is the day that 268 striking nurses are scheduled to vote on whether to end a bitter walkout against Tenet and MCP. Whether that vote will have more than symbolic value is in doubt.
There are differing views on why Tenet is acting now to shutter MCP. Nicholas, who leads the hospital's blue-collar workers, said he believed the company antagonized the nurses intentionally and provoked a strike to justify this action. "Obviously, it's clear to me they used the strike as a vehicle," Nicholas said. "They wanted to exit."
Nutter said he believed that the hospital's financial peril predated the strike, which began Nov. 11. MCP lost more than $6 million last year, according to records filed with the state. Nutter said that Schaengold had told him yesterday that the hospital projected to lose more than $20 million both this year and next.
Nutter said the company had hired a consultant, who predicted that the hospital would break even in two years, but only if major investments were made.
Signs of potential upheaval have been evident for several weeks. The Inquirer reported last week that a major group of psychiatrists at MCP's Eastern Pennsylvania Psychiatric Institute was negotiating to move to Friends Hospital early next year.
The move would represent a potentially fatal blow for the institute, which had been a vibrant research center in the 1980s but had suffered a long decline, first under the Allegheny health system and then under Tenet.
MCP is a fabled, if somewhat tattered, institution. It was formed in 1850 as the Female Medical College of Pennsylvania, the nation's first medical school for women. It was the longest-surviving of the women's medical schools that arose in the United States, and started admitting men only in 1970, according to A New and Untried Course, a history of the school by MCP faculty member Steven J. Peitzman.
But the school and hospital, visible from Route 1, have been on shaky fiscal ground during the last two decades. Snapped up by the Pittsburgh-based Allegheny health system in 1988, the medical school and hospital entered bankruptcy with most of the Allegheny system in mid-1998. The medical school was later merged with Hahnemann University, creating the Drexel University College of Medicine, which will continue to operate.
For-profit Tenet rescued thousands of health-care jobs by buying MCP and seven other former Allegheny hospitals in November 1998.
But its portfolio has shifted dramatically over the last five years. Tenet has added one hospital, Roxborough Memorial, but closed two others, Parkview and City Avenue, and sold a third, Elkins Park Hospital.
Closing MCP would leave Tenet with five hospitals: Hahnemann University Hospital, Graduate Hospital, St. Christopher's Hospital for Children, and Roxborough Memorial in the city, and Warminster Hospital in Bucks County.
Tenet has been under pressure lately from federal investigators over whether it inflated Medicare billings and allowed surgeons to perform unnecessary operations in California.
The company promised to stop billing aggressively for hundreds of millions of dollars in Medicare funds known as outlier payments, and it replaced senior management, including chief executive officer Jeffrey C. Barbakow. It has announced plans to continue closing or selling poorly performing hospitals.
Here is a cut/paste I found on the subject from a while back...
As early as today, Tenet Healthcare Corp. plans to announce the closure of the 153-year-old MCP Hospital by March 1, slashing more than 1,000 jobs.
Tenet executives began calling union officials late yesterday, informing them that the hospital would be closed in a little more than two months.
One call went to Henry Nicholas, president of Local 1199C of the hospital workers' union, which represents more than 600 MCP workers.
"The whole MCP [hospital] campus will close March 1," Nicholas said. He said Tenet planned to make an announcement today.
MCP, where nurses are voting today on whether to end a five-week strike, is the eighth-biggest general hospital in the city, with 365 staffed beds. But fewer than half are used, and the number of patients has fallen to about 70 because of the strike. The East Falls hospital provides general and psychiatric services. It also is used by Drexel University to teach medical students.
Councilman Michael Nutter, who is chairman of Tenet's community board of advisers, said he learned of the hospital's closure late yesterday in a visit from Phillip S. Schaengold, the Tenet vice president who heads the California firm's local network.
"I am very angry, very disappointed," Nutter said. "This is a significant breach in the nature of my relationship with Tenet." Nutter, whose council district includes MCP, said he would resign from the advisory board, and seek to mount a full investigation of Tenet's decision to close the hospital, and look into the tax breaks that the corporation received when it took over MCP and seven other hospitals in 1998.
Maria Iaquinto, a Tenet spokeswoman, would not confirm the closure or comment further.
Today is the day that 268 striking nurses are scheduled to vote on whether to end a bitter walkout against Tenet and MCP. Whether that vote will have more than symbolic value is in doubt.
There are differing views on why Tenet is acting now to shutter MCP. Nicholas, who leads the hospital's blue-collar workers, said he believed the company antagonized the nurses intentionally and provoked a strike to justify this action. "Obviously, it's clear to me they used the strike as a vehicle," Nicholas said. "They wanted to exit."
Nutter said he believed that the hospital's financial peril predated the strike, which began Nov. 11. MCP lost more than $6 million last year, according to records filed with the state. Nutter said that Schaengold had told him yesterday that the hospital projected to lose more than $20 million both this year and next.
Nutter said the company had hired a consultant, who predicted that the hospital would break even in two years, but only if major investments were made.
Signs of potential upheaval have been evident for several weeks. The Inquirer reported last week that a major group of psychiatrists at MCP's Eastern Pennsylvania Psychiatric Institute was negotiating to move to Friends Hospital early next year.
The move would represent a potentially fatal blow for the institute, which had been a vibrant research center in the 1980s but had suffered a long decline, first under the Allegheny health system and then under Tenet.
MCP is a fabled, if somewhat tattered, institution. It was formed in 1850 as the Female Medical College of Pennsylvania, the nation's first medical school for women. It was the longest-surviving of the women's medical schools that arose in the United States, and started admitting men only in 1970, according to A New and Untried Course, a history of the school by MCP faculty member Steven J. Peitzman.
But the school and hospital, visible from Route 1, have been on shaky fiscal ground during the last two decades. Snapped up by the Pittsburgh-based Allegheny health system in 1988, the medical school and hospital entered bankruptcy with most of the Allegheny system in mid-1998. The medical school was later merged with Hahnemann University, creating the Drexel University College of Medicine, which will continue to operate.
For-profit Tenet rescued thousands of health-care jobs by buying MCP and seven other former Allegheny hospitals in November 1998.
But its portfolio has shifted dramatically over the last five years. Tenet has added one hospital, Roxborough Memorial, but closed two others, Parkview and City Avenue, and sold a third, Elkins Park Hospital.
Closing MCP would leave Tenet with five hospitals: Hahnemann University Hospital, Graduate Hospital, St. Christopher's Hospital for Children, and Roxborough Memorial in the city, and Warminster Hospital in Bucks County.
Tenet has been under pressure lately from federal investigators over whether it inflated Medicare billings and allowed surgeons to perform unnecessary operations in California.
The company promised to stop billing aggressively for hundreds of millions of dollars in Medicare funds known as outlier payments, and it replaced senior management, including chief executive officer Jeffrey C. Barbakow. It has announced plans to continue closing or selling poorly performing hospitals.
surg4me said:
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