The Future of Memorial Hospital, Guest MINDSETTER™ Feroce
Saturday, October 21, 2017
Mental health treatment and care for our nation's veterans is a top priority of VA Secretary David Shulkin. Elimination of Veterans Suicides is an articulated goal.
The state should immediately check with the director of the Providence VA and suggest that the mental health facility could move and be expanded at Memorial Hospital in Pawtucket.
Our congressional delegation can weigh in and push for its passage led by our own esteemed veteran, U.S. Senator Jack Reed.
“Roughly 20 veterans a day commit suicide nationwide, according to new data from the Department of Veterans Affairs.
In 2014, the latest year available, more than 7,400 veterans took their own lives, accounting for 18 percent of all suicides in America. Veterans make up less than 9 percent of the U.S. population.
Researchers found that the risk of suicide for veterans is 21 percent higher when compared to civilian adults. From 2001 to 2014, as the civilian suicide rate rose about 23.3 percent, the rate of suicide among veterans jumped more than 32 percent.
The problem is particularly worrisome among female veterans, who saw their suicide rates rise more than 85 percent over that time, compared to about 40 percent for civilian women.”*
Don’t hesitate, keep moving, don’t wait until it is too late. This is a fast, logical, important handling of the closure that responds to the needs of the future. We have been in perpetual war for over 16 years, our veterans ranks in need of this critical care will only grow.
Leaders lead, get it done.
*statistical info from Military Times article July 7, 2016
Giovanni Feroce is the CEO of BENRUS
Related Slideshow: 7 Implications and Unintended Consequences of a Care New England and Partners Merger
Providence does not usually do well in mergers
Remember Providence Gas, Fleet Bank, and Narragansett Electric?
Big employers, deep community involvement, and significant charitable donors — all were consumed and in each case the number of employees left in Rhode Island by the succeeding company is a fraction of the once independent venture.
To the victor goes the spoils.
As if the Boston economy isn't good enough, and the Providence economy couldn't be more stagnant
The cityscape of Boston is littered with cranes. Boston Business Journal maps the construction projects utilizing cranes in Boston (see image) and the number of projects is staggering.
In Providence, there few construction projects and not a crane to be seen. The last thing Providence needs is for another one of its largest employers to be merged into a Boston mega-organization. The likelihood is that jobs will be lost or consolidated to Boston - basic functions like purchasing, accounting, etc. will be lost.
Harvard beats Brown in Ivy League match-up
Harvard Medical School is ranked as the #1 research-based institution in the America by U.S. News and World Report.
Partners Healthcare’s academic partner is Harvard.
In contrast, Care New England’s academic affiliation is with the Warren Alpert Medical School of Brown University. Brown’s best ranking is 21st for primary care - and is not ranked for research.
One of the biggest losers in the merger could be Brown's medical school.
Care New England is RI’s 2nd largest employer, so what will It be in 2 Years?
According to the RI Department of Labor and Training, Care New England is Rhode Island’s second largest employer.
Lifespan is the largest: 12,050
Care New England: 8,500
It is hard to imagine a scenario in which Care New England that has merged with Partners has nearly the employment level that is does now.
Cities like "Meds and Eds" (the medical and educational business segments), but Providence and all of Rhode Island is likely to lose high paid, highly educated jobs as a result of this deal.
Care New England is already healthier
It was announced on Wednesday that the Ontario, California-based Prime Healthcare Foundation has signed a letter of intent to acquire Pawtucket’s Memorial Hospital from Care New England.
Prime Healthcare owns 14 hospitals in the U.S.
Memorial has been a big, but not the only factor, in the demise of Care New England’s financial condition.
"It is certainly no secret that we have had significant financial challenges here (Memorial Hospital),” said Care New England President and CEO Dennis Keefe. "But at the same time it has been clear there is an important obligation to maintain the care and services offered to those in and around Pawtucket. The only way for this to continue is through the partnership we announce today with Prime Healthcare Foundation."
Can the unions battle?
Within hours of GoLocal breaking the news of the merger, the United Nurses and Allied Professionals (UNAP) President Linda McDonald, RN, released the following statement today:
"This proposed merger has the ability to impact thousands of jobs and the quality of care in Rhode Island and should be thoroughly scrutinized. Like most Rhode Islanders, we only recently learned of this proposal but expect Care New England and Partners HealthCare to be transparent in their process and begin a conversation with our union about the effect any deal would have on our members and our patients.
Memorial Hospital provides critical care to scores of Blackstone Valley residents every year and preserving its status as a fully-functioning community hospital will be among our top priorities as this process continues to unfold.
The onus is now on Care New England, Partners HealthCare and Prime Healthcare Services to make the details of this proposal public and to do it quickly so that workers, patients and state regulators may begin asking the appropriate questions."
The nurses represents nearly 1,400 registered nurses, CNAs, ER techs, surgical techs, orderlies, endo techs, environmental employees and ancillary staff at Kent and Memorial hospitals. But, will they have any impact on the decisions?
Speaking of Lifespan - will they be forced to merge with a Boston partner?
Lifespan is having its financial challenges too. While Care New England lost $53 million last year, Lifespan's losses were $40 million. The Lifespan losses were smaller proportionately to the healthcare group's overall budget and it does not have the cash crunch that Care New England was battling.
In February, Lifespan announced it had has entered into another Boston Hospital agreement. This agreement with Dana-Farber Cancer Institute is a long term agreement with the goal of advancing cancer treatment and research. Lifespan previously entered into an agreement with New England Medical Center and that deal led to years of protracted litigation to unwind. Lifespan also ran into a legal battle with Tufts Medical Center.
Will Partners' potential arrival in the market force Lifespan to affiliate?
- Feroce’s Newport Mansion Sold at Auction for $4.175 Million, SEE Interview on GoLocal LIVE
- Thursday - GoLocal LIVE Features Interviews with Feroce, Chafee, Read and Whitcomb
- Feroce’s BENRUS in Legal Brawl Over Millions
- EXCLUSIVE: Feroce Looks at GOP Run for Governor in 2018
- Feroce is Selling Newport Mansion and Land for $12 million and Investing in BENRUS
- Feroce Say Raimondo’s Economic Subsidies are “Nonsense”
- Moore: Feroce Destroys Raimondo’s Economic Strategy
- Guest MINDSETTER™ Feroce: How to Make Decisions & The Cost of Capital
- NEW: Dennis Rebelo and Giovanni Feroce Address Sold-Out TEDx Crowd
- Alex and Ani CEO Feroce Launches Seven Swords Media
- NEW: Alex and Ani CEO Giovanni Feroce Will Address URI Commencement
- Alex and Ani CEO Feroce to Address RI College Commencement
- BENRUS’ Feroce Joins World War II Foundation’s Board of Directors
- GoLocalTV: BENRUS CEO Feroce on GoLocal’s 50 Wealthiest and Most Influential 2015
- EXCLUSIVE: Feroce Cuts a Big Deal for BENRUS
- Providence Journal and Feroce Lawyers Battle Over Errors in Article and Corrections Promised
- Feroce Says BENRUS is an Insurgent, Now Ready to Disrupt Fashion
- Feroce From RGA Meeting Says, “You Need Leadership, Not Policy Papers”
- Feroce Launches BENRUS Watch Company - Will He Be the Comeback Kid?
- Giovanni Feroce Appointed Chairman of Rare Disease United Foundation
- Giovanni Feroce and BENRUS - What it Means for RI
- BENRUS CEO Feroce Delivers “How to Achieve Exponential Growth” Speech at Business Expo
- RI PowerPlayer: Giovanni Feroce
- NEW: Alex and Ani CEO Feroce to Receive Humanitarian Award
- Inc Taps 16 in RI for Fastest Growing: Feroce CEO’s Two on List