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Healthcare Network Hospitals, Inc. history
Healthcare Network Hospitals, Inc. company history timeline
Allentown Hospital School of Nursing class of 1982
Rosemary Stevens, “ ‘A Poor Sort of Memory’: Voluntary Hospitals and Government before the Depression,” The Milbank Memorial Fund Quarterly, Health and Society 60 (1982): 558.
Medicare incorporated a prospective payment system in 1983, with federal programs paying a preset amount for a specific diagnosis in the form of Diagnostic Related Groups, or DRGs.
In 1984 a state-of-the-art cardiac surgery facility and expanded cardiology suites were completed.
The Visiting Nurse Association (VNA) of Central Illinois became a part of Memorial Health System in 1984, offering a complete range of nursing services, therapies and social services in the home.
In 1985, Doctor Streck brought focus to this mission with the formal establishment of the Bassett Research Institute.
In 1986, Memorial Health System formed Memorial HomeCare to offer a resource for a variety of durable medical equipment and professional services for patients at home.
Starr, The Social Transformation of American Medicine; Charles E. Rosenberg, The Care of Strangers: The Rise of America’s Hospital System(Baltimore: Johns Hopkins University Press, 1987).
By 1990, the company had 200 hospitals in its network and was the second-largest hospital company in the United States
In Cooperstown, the Bassett Clinic opened its doors in 1992, providing a spacious and inviting primary and specialty care center.
To meet the community's growing need for outpatient services, Memorial and a group of private developers completed an ambulatory services development in January of 1993.
In 1994, Abraham Lincoln Memorial Hospital in Lincoln, Illinois joined Memorial Health System.
In 1994, NME bought American Medical Holdings for $3.35 billion, which strengthened its presence in Southern California and South Florida, and extended its reach into New Orleans, LA and Texas.
The company was founded in March 1995 and is headquartered in Dallas, TX.“
Some of the larger not-for-profit corporations have bailed out public facilities through lease arrangements, such as the one between the Daughters of Charity’s Seton Medical Center and the public Brackenridge Hospital in Austin, Texas, that occurred in 1995.
Then in 1997, the Balanced Budget Act decreased Medicare payments to hospitals by $115 billion over five years, including a projected $17 billion reduction in Medicare payments to hospitals.
1, 1999, nonprofits Samaritan Health System and Lutheran Health System announce merger, creating Banner Health.
Advanced cardiac care arrived in the region with the opening of the Bassett Heart Care Institute (BHCI) in 2003.
In 2008, Tenet launched Conifer Health Solutions, a healthcare services company.
In January 2009, our primary care network was renamed Memorial Physician Services (MPS). MPS includes over 40 physicians, 10 nurse practitioners and a physician assistant serving patients in 11 locations.
By the end of 2009, the company rebounded to become theS&P 500’s number 2 performer, with an operating revenue and net profit of $9 billion and $181 million, respectively.
In May 2011, Tenet’s board rejected a $7.3 billion takeover bid from Community Health Systems, Inc.
In August 2012, Tenet sold its Creighton University Medical Center in Nebraska.
Through the end of 2013, Tenet’s stock price increased 816 percent, from $4.60 to $42.12, over the previous five years.
In April 2014, Passavant Area Hospital in Jacksonville joined the health system as a full affiliate.
He announced his retirement in July of 2014.
Tenet acquired Emanuel Medical Center in Turlock, California on August 1, 2014, bringing the number of Tenet’s hospitals to 80 nationwide.”
Please send one page abstracts to Jonathan Reinarz (j.reinarz@bham.ac.uk) by 30 April 2017.
Doctor Ibrahim succeeds Doctor Streck – who returned to lead the organization on an interim basis in 2018 while the network board of directors conducted a search to find a new CEO to help advance the health system’s missions.
Read the April 2019 INHH Conference Program (PDF format 900kB)
Surviving Plague in an Early Modern City (Yale UP, 2019).
Banner Health celebrated its 20-year anniversary in 2019.
On July 13, 2020, Bassett Healthcare Network welcomed its newest president and CEO, Tommy Ibrahim, MD, MHA. Doctor Ibrahim is the fifth physician to assume leadership of the health system since its founding nearly 100 years ago.
Proposals should be sent to space.inhh@gmail.com by 30 September 2020.
© 2021 Memorial Health System.
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