Becoming KentuckyOne Means Change for All of Us
It’s been just two years since KentuckyOne was formed and 11 months since the partnership with University of Louisville Hospital. Since then, the recession has come to health care.
In coming together, KentuckyOne knew there would be challenges ahead because the health care industry is changing so much. For example, health care providers used to be paid for the services provided. More often now, the payment system rewards efficiency, providing high quality care and keeping people healthy and out of the hospital.
Inpatient volumes and revenue have fallen, especially in Kentucky and at KentuckyOne.
At KentuckyOne today, costs are greater than revenue. To date, the many efforts to reduce expenses, grow services and reverse financial losses have not been enough. KentuckyOne must improve its performance by $218 million by the end of fiscal 2015.
Senior leaders are developing a plan to quickly reduce this budget gap. The plan will balance access, quality and cost, addressing essential questions:
- First, how can we best organize KentuckyOne programs and services?
- Second, what configuration of facilities will allow KentuckyOne to provide access to care?
- Third, what level of staffing will be needed?
- Fourth, how will we maintain and improve the safety and quality of our services?
Click here to watch a video Q & A with Ruth Brinkley addressing the changes ahead for KentuckyOne and what to expect. Follow the most up-to-date news from Brinkley by reading KentuckyOne This Week and regularly checking KentuckyOneEmployees.org/BecomingKentuckyOne
“We have yet to become the system we need to be to achieve our Purpose,” Brinkley said. “We must shift our focus to managing wellness and the people of Kentucky will enjoy wellness, healing and hope.”