Mergers of Teaching Hospitals in Boston, New York, and Northern California
Publication Year: 2001
Published by: University of Michigan Press
In December 1993, those of us in academic medicine were amazed to learn that two of the country's premier teaching hospitals, the Massachusetts General Hospital and the Brigham and Women's Hospital in Boston, were merging. How did these hospitals, so proud of their histories and traditions and fierce competitors since the Brigham opened in 1913,...
Chapter 1. Introduction
This is a book about the merging of six of America's leading teaching hospitals, where the faculties of five of the country's most distinguished medical schools instruct their students and trainees in clinical medicine. The force driving the mergers was economic, and the name of the force was managed care....
Part 1. Partners
Chapter 2. Formation
On Tuesday, January 5, 1993, Dr. Daniel C. Tosteson, dean of the Harvard Medical School, convened the first meeting of the Harvard Medical Planning Group, a committee of 15 charged with uniting the five Boston hospitals where Harvard students receive their clinical instruction. Three doctors and executives - the chairman of the board of trustees,...
Chapter 3. Development
As 1994 began, the founders of the union of the Brigham and Women's and Massachusetts General Hospitals proceeded to structure the merger and find a name for their new creation. The boards of trustees had accepted the concept of the merger early in December 1993....
Part 2. NewYork-Presbyterian
Chapter 4. Formation
The view through the windows in the office of Dr. William T. Speck on the fourteenth floor of the Atchley Building* of the Columbia-Presbyterian Medical Center faces the broad expanse of the Hudson River and New Jersey to the west and the length of Manhattan Island to the south. The view to the north showed Speck his deeply troubled responsibility, the...
Chapter 5. Development
Having accepted the concept of merging their institutions in June 1996, the governors of the Society of the New York Hospital and the trustees* of the Presbyterian Hospital in the City of New York and their executives spent the next 18 months clearing up the many legal, financial, and regulatory requirements for the new hospital. The founders eschewed...
Part 3. UCSF Stanford
Chapter 6. Formation
In April of 1995, Gerhard Casper, president of Stanford University, and Dr. Joseph B. Martin, chancellor of the University of California-San Francisco, took their renowned "walk in the woods."* Casper and Martin, who were attending a meeting of the California Business Higher Education Forum in Palm Springs, discussed how they could share more...
Chapter 7. Development
Before the merged corporation was officially established on November 1, 1997, UCSF Stanford Health Care had acquired headquarters of its own but not at either UCSF or Stanford. "There had to be firewall between UCSF and the UCSF Stanford, which mustn't be viewed as a shadow of the University of California," says Bruce Wintroub, the recently...
Chapter 8. Conclusions
"The big picture" in the merger scene, suggests Dr. Kenneth I. Shine, president of the Institute of Medicine in the National Academy of Sciences, "is driven by the effort of the teaching hospitals to dominate the market" in their communities. Despite what the consultants say, "saving money by consolidation turns out to be a minor plus. The leaders of...
Page Count: 504
Illustrations: 3 tables
Publication Year: 2001
MUSE Marc Record: Download for Mergers of Teaching Hospitals in Boston, New York, and Northern California