King’s Daughters Medical Center – Brookhaven, Mississippi
For some time, hospitals have acquired physician practices with the goal of coordinating care and reducing costs—both required to successfully shift to alternative payment models. However, the losses from these physician practices have been overwhelming for some hospitals. In this case, Kings Daughter’s Medical Center (KDMC), a 99-bed nonprofit community hospital located in Brookhaven, MS, lost over two million in just one year after adding pediatric and internal medicine practices to its three clinic network, employing 18 physician providers and mid levels in its hospital-owned clinics.
KDMC engaged Quorum Physician Practice Services to implement financial, operational, managerial, quality and patient experience improvement for a three-year engagement. Quorum worked closely and mentored the clinics and KDMC to help achieve financial sustainability.