OSU Medical Center Expansion

[mrB]

Looks like Twenty First Properties/Paul Wilson have found a new source of income to help pay the upcoming new tax on all their properties they are sitting on in the 11th & Denver area.

The old Homeland property is now being used as employee parking for OSU Medical Center! What a novel use of a property at a major downtown entry point. There goes my BOK Center parking spot!

quote:
excerpt--
Mayor explains ballpark funding
By P.J. LASSEK World Staff Writer
6/28/2008

...
Paul Wilson of Twenty First Properties said after the meeting that he "cannot support the mayor's plan to tax downtown property owners at a rate six times greater than the current assessment." Wilson said the company owns property primarily located at 11th Street and Denver Avenue.

He said properties next to the ballpark would enjoy higher value and increased services and should pay at a higher rate, instead of having a flat rate for all properties.
...
http://www.tulsaworld.com/news/article.aspx?articleID=20080628_11_A1_hNobod147541

[TheArtist]

During big events I park at the parking lots near the Boston Ave Church. Pleeenty of parking around there. "except on Sundays of course"

[sgrizzle]

Wow.. yeah.. that would be a horrible place to park.

[brunoflipper]

osu wont need that parking for long...

[RecycleMichael]

quote:Originally posted by brunoflipper

osu wont need that parking for long...

They are all going to scooters?

[keeptulsalame]

I believe the reference is made to the new rumor that OSUMC's Ardent management deal, that the state was trying to fund, has fallen through. Apparently, the state's recent financial shortcomings have caused the offer to dry up.

Because Ardent owns the hospital, and they are not in the business of giving away care, OSUMC will no longer exist. Ardent wants to morph it into a long term care/ rehabilitation/psychiatric hospital.

The OSU residents will switch to doing all of their rotations at St. Francis. It will be interesting to see how this develops. The implications regarding access to care are and the overall landscape of Tulsa's healthcare environment are enormous. What will happen to Community Care if one its default hospitals become the "go to" hospital for indigent patients?

Say what you will, but I've now heard this from two independent sources.

[Townsend]

Confirmations anyone?  My secret decoder ring was eaten by my magic rabbit this morning.

[Ibanez]

quote:Originally posted by keeptulsalame

I believe the reference is made to the new rumor that OSUMC's Ardent management deal, that the state was trying to fund, has fallen through. Apparently, the state's recent financial shortcomings have caused the offer to dry up.

Because Ardent owns the hospital, and they are not in the business of giving away care, OSUMC will no longer exist. Ardent wants to morph it into a long term care/ rehabilitation/psychiatric hospital.

The OSU residents will switch to doing all of their rotations at St. Francis. It will be interesting to see how this develops. The implications regarding access to care are and the overall landscape of Tulsa's healthcare environment are enormous. What will happen to Community Care if one its default hospitals become the "go to" hospital for indigent patients?

Say what you will, but I've now heard this from two independent sources.

That has already happened. It is called St. John Medical Center

[brunoflipper]

quote:Originally posted by Townsend

Confirmations anyone?  My secret decoder ring was eaten by my magic rabbit this morning.

it is very close to what i might have heard... the main point is spot on.

[mrB]

quote:
OSU hospital, Ardent extend transfer date Move gives some stability to hospital's medical residency program.

Tulsa World, Jun 17, 2008
Kim Archer

Jun. 17, 2008 (McClatchy-Tribune Regional News delivered by Newstex) -- Ardent Health Services and the OSU Center for Health Sciences have agreed to a one-year extension of the deadline for transferring ownership of Oklahoma State University Medical Center to a public trust, officials said Monday.

The move should provide some measure of stability in the next year for OSU's College of Osteopathic Medicine residency program, which uses OSU Medical Center as its primary teaching hospital.

"It is definitely positive that we've extended the deadline. That gives us additional time to find a solution," said Ellen Averill, OSU Center for Health Sciences spokeswoman.

During the year, OSU Medical Center will remain under the ownership of Ardent Health Services, a for-profit company that also owns Hillcrest Medical Center and regional hospitals under the Hillcrest HealthCare System.

The revised Academic Affiliation Agreement allows OSU to employ 132 medical residents now training at OSU Medical Center. Ardent will reimburse OSU for those residency program costs, including salaries and medical malpractice insurance.

One advantage of the agreement is that the cost of medical liability insurance will be reduced due to statutory limitations on damages awarded against resident physicians.

In addition, OSU has agreed to return the remainder of federal Indirect Medical Education funds that were the subject of a federal court lawsuit filed by Ardent against the Oklahoma Health Care Authority last June. In response, Ardent will dismiss its lawsuit.

"Our willingness to enter into this new agreement is a clear reflection of a private company's commitment to one of our state's most valuable community health assets, the OSU-CHS graduate teaching program," said Earl Denning, president of Oklahoma division of Nashville, Tenn.-based Ardent Health Services.

"Furthermore, we are extremely appreciative of the leadership of (OSU) President Burns Hargis, and recognize that his involvement in these negotiations has brought a positive resolution to the situation," he said.

Few details were available about why the deadline was extended or what will happen over the next year toward transferring ownership of the hospital to a public trust.

OSU and Ardent Health Services began negotiations last December after Ardent offered to donate the hospital to the state, along with continuing to manage the facility.

On April 1, the parties announced they had agreed to transfer hospital ownership to a public trust by June 30. OSU was to establish the public trust, hire a partner firm to manage the hospital and create a new board of directors for the trust.

The yearlong deadline extension is another of many twists in the saga of OSU Medical Center, which has long been plagued with financial and ownership issues for years.

The aging hospital, 744 W. Ninth St., has long provided significant medical care to indigent patients. With its fate in limbo in recent years, officials have been concerned with keeping OSU medical students in Tulsa and its graduates in Oklahoma as practicing physicians.

Kim Archer 581-8315

kim.archer@tulsaworld.com

Oklahoma State University Medical Center, formerly Tulsa Regional Medical Center, has served as the teaching hospital for OSU's College of Osteopathic Medicine for more than 30 years. Here is a timeline of recent events involving the hospital:

May 11, 2004: Ardent Health Services of Nashville, Tenn., purchases Hillcrest Healthcare System, including TRMC.

July 2005: Nine members named to joint commission to study TRMC-OSU issue.

Commission issues report in December 2005 and eventually hires consultants to examine situation.

April 2006: Merrill Lynch (NYSE:MER) (OOTC:MERIZ) analysts release report recommending 50-year Academic ATliation Agreement between OSU College of Osteopathic Medicine and TRMC.

June 7, 2006: Gov. Brad Henry signs Oklahoma State University Medical Authority Act (Senate Bill 1771), creating OSU Medical Center Public Tru st and Authority, and appropriating $40 million to fund improvements at TRMC over five years.

Nov. 2, 2006: TRMC becomes Oklahoma State University Medical Center.

Jan. 25, 2007: OSU Medical Authority approves $10.6 million in Phase I capital improvement projects for OSU Medical Center.

June: Ardent sues Oklahoma Health Care Authority in federal court over allocation of federal funding for medical education.

July 12: Ardent tells OSU College of Osteopathic Medicine it wants $6.5 million the medical school has received from the state to go toward o'setting costs associated with the residency program.

Aug. 13: Ardent notifies College of Osteopathic Medicine of termination of Academic ATliation Agreement, but later withdraws termination letter, providing an additional 30 days to reach a solution.

Sept. 21: Ardent announces it is terminating Academic ATliation Agreement.

Dec. 14: Ardent, Oklahoma Health Care Authority and OSU medical school agree that Ardent will drop lawsuit against OHCA and donate OSU Medical Center to OSU Medical Authority and that OHCA will give Ardent $10 million in "indirect medical education" money.

April 1, 2008: Deal announced under which OSU Medical Center will become the property of a public trust by June 30 under a deal reached between OSU College of Osteopathic Medicine and Ardent.

June 16: One-year extension of hospital ownership transfer announced through new Academic ATliation Agreement. OSU agrees to employ current 132 medical residents and Ardent to reimburse salaries and malpractice insurance. OSU to return "indirect medical education" money and Ardent to drop lawsuit against Oklahoma Health Care Authority over funds.

Copyright © 2008, World Publishing Co. All rights reserved
http://www.tulsaworld.com/news/article.aspx?articleID=20080617_17_A1_hMoveg31693

[brunoflipper]

quote:Originally posted by mrB

quote:
OSU hospital, Ardent extend transfer date Move gives some stability to hospital's medical residency program.

Tulsa World, Jun 17, 2008
Kim Archer

Jun. 17, 2008 (McClatchy-Tribune Regional News delivered by Newstex) -- Ardent Health Services and the OSU Center for Health Sciences have agreed to a one-year extension of the deadline for transferring ownership of Oklahoma State University Medical Center to a public trust, officials said Monday.

The move should provide some measure of stability in the next year for OSU's College of Osteopathic Medicine residency program, which uses OSU Medical Center as its primary teaching hospital.

"It is definitely positive that we've extended the deadline. That gives us additional time to find a solution," said Ellen Averill, OSU Center for Health Sciences spokeswoman.

During the year, OSU Medical Center will remain under the ownership of Ardent Health Services, a for-profit company that also owns Hillcrest Medical Center and regional hospitals under the Hillcrest HealthCare System.

The revised Academic Affiliation Agreement allows OSU to employ 132 medical residents now training at OSU Medical Center. Ardent will reimburse OSU for those residency program costs, including salaries and medical malpractice insurance.

One advantage of the agreement is that the cost of medical liability insurance will be reduced due to statutory limitations on damages awarded against resident physicians.

In addition, OSU has agreed to return the remainder of federal Indirect Medical Education funds that were the subject of a federal court lawsuit filed by Ardent against the Oklahoma Health Care Authority last June. In response, Ardent will dismiss its lawsuit.

"Our willingness to enter into this new agreement is a clear reflection of a private company's commitment to one of our state's most valuable community health assets, the OSU-CHS graduate teaching program," said Earl Denning, president of Oklahoma division of Nashville, Tenn.-based Ardent Health Services.

"Furthermore, we are extremely appreciative of the leadership of (OSU) President Burns Hargis, and recognize that his involvement in these negotiations has brought a positive resolution to the situation," he said.

Few details were available about why the deadline was extended or what will happen over the next year toward transferring ownership of the hospital to a public trust.

OSU and Ardent Health Services began negotiations last December after Ardent offered to donate the hospital to the state, along with continuing to manage the facility.

On April 1, the parties announced they had agreed to transfer hospital ownership to a public trust by June 30. OSU was to establish the public trust, hire a partner firm to manage the hospital and create a new board of directors for the trust.

The yearlong deadline extension is another of many twists in the saga of OSU Medical Center, which has long been plagued with financial and ownership issues for years.

The aging hospital, 744 W. Ninth St., has long provided significant medical care to indigent patients. With its fate in limbo in recent years, officials have been concerned with keeping OSU medical students in Tulsa and its graduates in Oklahoma as practicing physicians.

Kim Archer 581-8315

kim.archer@tulsaworld.com

Oklahoma State University Medical Center, formerly Tulsa Regional Medical Center, has served as the teaching hospital for OSU's College of Osteopathic Medicine for more than 30 years. Here is a timeline of recent events involving the hospital:

May 11, 2004: Ardent Health Services of Nashville, Tenn., purchases Hillcrest Healthcare System, including TRMC.

July 2005: Nine members named to joint commission to study TRMC-OSU issue.

Commission issues report in December 2005 and eventually hires consultants to examine situation.

April 2006: Merrill Lynch (NYSE:MER) (OOTC:MERIZ) analysts release report recommending 50-year Academic ATliation Agreement between OSU College of Osteopathic Medicine and TRMC.

June 7, 2006: Gov. Brad Henry signs Oklahoma State University Medical Authority Act (Senate Bill 1771), creating OSU Medical Center Public Tru st and Authority, and appropriating $40 million to fund improvements at TRMC over five years.

Nov. 2, 2006: TRMC becomes Oklahoma State University Medical Center.

Jan. 25, 2007: OSU Medical Authority approves $10.6 million in Phase I capital improvement projects for OSU Medical Center.

June: Ardent sues Oklahoma Health Care Authority in federal court over allocation of federal funding for medical education.

July 12: Ardent tells OSU College of Osteopathic Medicine it wants $6.5 million the medical school has received from the state to go toward o'setting costs associated with the residency program.

Aug. 13: Ardent notifies College of Osteopathic Medicine of termination of Academic ATliation Agreement, but later withdraws termination letter, providing an additional 30 days to reach a solution.

Sept. 21: Ardent announces it is terminating Academic ATliation Agreement.

Dec. 14: Ardent, Oklahoma Health Care Authority and OSU medical school agree that Ardent will drop lawsuit against OHCA and donate OSU Medical Center to OSU Medical Authority and that OHCA will give Ardent $10 million in "indirect medical education" money.

April 1, 2008: Deal announced under which OSU Medical Center will become the property of a public trust by June 30 under a deal reached between OSU College of Osteopathic Medicine and Ardent.

June 16: One-year extension of hospital ownership transfer announced through new Academic ATliation Agreement. OSU agrees to employ current 132 medical residents and Ardent to reimburse salaries and malpractice insurance. OSU to return "indirect medical education" money and Ardent to drop lawsuit against Oklahoma Health Care Authority over funds.

Copyright © 2008, World Publishing Co. All rights reserved
http://www.tulsaworld.com/news/article.aspx?articleID=20080617_17_A1_hMoveg31693

that is the point, there will be no public trust and in june 2009 osu will be out of trmc...

[sgrizzle]

I've heard there will be an announcement in about 3 weeks.

[Conan71]

I know two students there, they don't know anything at this point.

[Ibanez]

quote:Originally posted by Conan71

I know two students there, they don't know anything at this point.

How'd they pass their classes?

[sgrizzle]

Possible good news. Ardent may sell to the Cherokees instead.