Growing Fat from Being Lean
April 6, 2010 | Terry Sharrer
Virtua Health System, a not-for-profit hospital group headquartered in Marlton, NJ, has opened its $31m, 225,000 square foot “Health and Wellness Center” in Washington Township, featuring a spa and fitness facilities along with same day surgery and an express care center. The investment for this came, in part, from applying GE’s “Six Sigma” lean processes in several Virtua hospitals, which had a positive influence on the company’s bond rating. Standard & Poor’s, however, suggested that the financials also reflected the fact that Virtua’s has only 8% of its patients under charity care (Medicaid and uninsured). MORE