Multicorporate Structure & Healthcare Organizations
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Healthcare organizations often employ multicorporate structures because of their many financial benefits.
Use the Cybrary or other resources to find an example of an HCO that uses a multicorporate structure and explain how it benefits that organization.
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Solution Summary
By example, this solution uses the multicorporate structure and explains how it benefits that organization.
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Healthcare organizations often employ multicorporate structures because of their many financial benefits.
1. Use the Cybrary or other resources to find an example of an HCO that uses a multicorporate structure and explain how it benefits that organization.
Example 1: St. Joseph Hospital
System Profile
Established: 1899
Beds: 435 Licensed
Associates: Nearly 3,000
Physicians: 600
Volunteers: 1,000+
FY 2002 Admissions: 16,680
FY 2002 ER/Urgent Care visits: 74,994
FY 2000 Operating Revenue: $192,240,000
FY 2000 Operating Income: $4,458,000
Position In County: St. Joseph's Healthcare County's largest, longest-established and most comprehensive health system. Services are provided to roughly 490,000 residents in the central and northern portions of the county and surrounding communities.
Corporate Structure: St. Joseph's Healthcare is a sponsored work of Catholic Health Ministries, created by the Sisters of Mercy Regional Community of Detroit and the Sisters of the Holy Cross. Mercy Mount Clemens is the multi-corporate entity for St. Joseph's Healthcare. St. Joseph's Healthcare is part of a joint venture between Trinity Health, the nation's fourth largest Catholic system, and Henry Ford Health System (HFHS). Through the financing and equity model in place, both systems share equal interest in the assets as well as in the mission and commitment to the ...
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