…and the story comes Full circle.
The Swedish-Cherry Hill campus, in Seattle’s Central District. (Steve Ringman / The Seattle Times)
Quantity of Care ~ A special Investigation
In its ambitious rise to become one of the largest hospital systems in the country, Providence Health & Services struck a deal in 2011 to claim a Seattle-area rival, Swedish Health.
Providence added five hospital campuses in the process, including Swedish-Cherry Hill, an institution with a storied history and a budding reputation as a global center for neuroscience research, treatment and clinical trials.
Just a few years later, Providence and Swedish had overhauled the way Cherry Hill’s neuroscience program approaches the business of medicine, enriching the nonprofit institution and its star surgeons.
A steady churn of high-risk patients undergoing invasive brain and spine procedures allowed Cherry Hill to generate half a billion dollars in net operating revenue in 2015 — a 39 percent increase from just three years prior. It also had the highest Medicare reimbursements per inpatient visit of any U.S. hospital with at least 150 beds.
By those metrics, Providence’s acquisition of Cherry Hill has been a rousing success story, but the aggressive pursuit of more patients, more surgeries and more dollars has undermined Providence’s values — rooted in the nonprofit’s founding as a humble home where nuns served the poor — and placed patient care in jeopardy, a Seattle Times investigation has found. Continue reading →