Health Management Associates Launches Management Services Division
Company to offer managerial and operational support functions to hospitals in existing markets
NAPLES, Fla.--(BUSINESS WIRE)-- Health Management Associates, Inc. (NYSE:HMA) today announced the addition of managerial and operational support offerings to hospitals located in existing markets but currently unaffiliated with Health Management.
Todays healthcare environment provides us with increasing opportunities to support hospitals and communities especially in those where we currently have relationships, said Pete Lawson, Executive Vice President of Development for Health Management Associates (HMA). We have found that many community hospitals may not be at the point where they are looking for a partner to buy, lease or JV their hospital, but are instead looking for an expert to provide operational and managerial support.
Health Management started in the 1970s as a company to manage hospitals and slowly shifted focus to owning and operating hospitals.
Given the evolving hospital industry, where networks and partnerships are driving improved quality and efficiencies, we believe now is the time to begin offering management services again, added Lawson. We are currently building out our team for this service and are actively seeking a Vice President of Management Services to lead this effort.
Qualified candidates for the Vice President of Managed Services position should visit the companys career page at www.hma.com/careers.
Like the companys owned, leased and joint ventured hospitals, those affiliated with the management division will receive corporate consulting services complemented by Health Managements local, market and group executive leadership. Managed facilities will continue to own their assets and remain governed by a local board of trustees, while benefiting from shared best practices amongst a larger network. Other services offered to the managed hospitals include: executive leadership, financial services, IT integration, HR, payor relations and marketing.
Health Management enables Americas best local health care by providing the people, processes, capital and expertise necessary for its hospital and physician partners to fulfill their local missions of delivering superior health care services. Health Management, through its subsidiaries, operates 71 hospitals with approximately 11,100 licensed beds in non-urban communities located throughout the United States.
All references to Health Management, HMA or the Company used in this release refer to Health Management Associates, Inc. and its affiliates.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as expects, estimates, projects, anticipates, believes, intends, plans, may, pending, continues, should, could and other similar words. All statements addressing operating performance, events or developments that Health Management Associates, Inc. expects or anticipates will occur in the future, including but not limited to projections of revenue, provisions for doubtful accounts, income or loss, capital expenditures, debt structure, principal payments on debt, capital structure, the amount and timing of funds under the meaningful use measurement standard of various Healthcare Information Technology incentive programs, other financial items and operating statistics, statements regarding our plans and objectives for future operations, the impact of changes in observation stays, our ability to achieve process efficiencies, factors we believe may have an impact on our deductibles and co-pays, acquisitions, acquisition financing, divestitures, joint ventures, market service development and other transactions, statements of future economic performance, statements regarding our legal proceedings and other loss contingencies (including, but not limited to, the timing and estimated costs of such matters), statements regarding market risk exposures, statements regarding the effects and/or interpretations of recently enacted or future health care laws and regulations, statements regarding the potential impact of health care exchanges, statements of the beliefs or assumptions underlying or relating to any of the foregoing statements, and statements that are other than statements of historical fact, are considered to be forward-looking statements.
Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Health Management Associates, Inc.s most recent Annual Report on Form 10-K, including under the heading entitled Risk Factors. Should one or more of these risks or uncertainties materialize, or should any of Health Management Associates, Inc.s underlying beliefs or assumptions prove incorrect, actual results could vary materially from those currently anticipated. In addition, undue reliance should not be placed on Health Management Associates, Inc.s forward-looking statements. Except as required by law, Health Management Associates, Inc. disclaims any obligation to update its risk factors or to publicly announce updates to the forward-looking statements contained in this press release to reflect new information, future events or other developments.
Health Management Associates, Inc.
MaryAnn M. Hodge, 239-598-3131
Vice President, Marketing & Communication
Source: Health Management Associates, Inc.Copyright Business Wire 2013