Affordable Care Act Impacts Hospitals

Larry Antonucci, Chief Operating Officer for Lee Memorial Health Systems, recently commented on the new law. “Without a doubt it will affect us. We plan to cut 10 percent of our costs, $125 million,” he said. He also discussed the recent swing towards physician employment. “The young physicians are all going through the employed model; the older physicians all want their practices to be taken over by the hospital, to help them get computerized; and the mid-career physicians are very perplexed and very anxious about what’s going to happen.”

In the last few months, five hospital executives in the Tampa area chose to retire. Draw your own conclusions.

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