Posts Tagged ‘Kent Thiry’

St. Louis Post-Dispatch Editorial: Cleansing dialysis center of government waste

Tuesday, September 10, 2013 | By Scott | No Comments

Please read this entire article, you’ll be shocked!

St. Louis Post-Dispatch
September 09, 2013 6:00 am • By the Editorial Board

Within 20 miles of downtown St. Louis, there are 25 centers operated by the two dominant companies in the industry, DaVita Healthcare Partners of Denver and Fresenius, based in Germany.  Those companies are complaining that they are under attack by Congress, which has ordered the Obama administration to eliminate more than $500 million a year in excessive drug payments to clinics across the country.

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DaVita warns of closing clinics due to federal cuts

Monday, August 12, 2013 | By Scott | No Comments

Ed Sealover
Reporter-
Denver Business Journal
Kent Thiry, chairman and CEO of DaVita HealthCare Partners Inc., warned the kidney-care provider could have to close a number of clinics if the federal government cuts reimbursements next year.

Kent Thiry, chairman and CEO of DaVita HealthCare Partners Inc., warned the kidney-care provider could have to close a number of clinics if the federal government cuts reimbursements next year.

Following a “weak quarter” in part of its business, Kent Thiry, chairman and CEO of DaVita HealthCare Partners Inc. (NYSE: DVA), said Tuesday that the kidney-care provider would have to start closing inner-city and rural clinics if the federal government goes through with its proposed 9.4 percent reimbursement cut to dialysis providers of Medicare patients in 2014.

Thiry didn’t say how many clinics the Denver-based company would have to close. But company officials confirmed they would be those that don’t have enough private payers to subsidize the large number of Medicare and Medicaid patients the company treats, as both programs reimburse at such a low level that they’re money losers for DaVita.

“If they can’t reimburse, there will be changes to patient access to care. There’s no two ways about it,” Thiry said during DaVita’s second-quarter earnings call. “Inevitably, some centers will close, and they will tend to be those centers that serve the most vulnerable populations.”

DaVita reported net income of $254.4 million

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Is DaVita Serious? Scare Tactics and Outrageous Bonuses!

Monday, August 12, 2013 | By Scott | 1 Comment

Have you seen this?  Does DaVita think we are all idiots?  They’re threatening decreasing availability of services because of Medicare Cuts.  They’ve made it really simple for you to register your outrage and give you a checklist to contact Medicare.

Medicare_CutsWe’re glad to see that DaVita is so concerned about your dialysis care, but it seems interesting that they’re thinking of reducing operational expenses.  Why not start by reducing executive bonuses?

According to ModernHealthcare.com:

Kent Thiry, the chairman and CEO for dialysis provider DaVita HealthCare Partners, took home $26.8 million last year even as Medicare moved to a bundled-payment system designed to cut costs. Thiry saw a roughly 50% increase in compensation, largely driven by about $8 million in restricted stock awards and another $1.25 million incentive payout. DaVita, which operates the nation’s largest chain of dialysis clinics, last November acquired HealthCare Partners, a medical group and physician network company. Skip Thurman, a spokesman for DaVita, said in an e-mail that patient outcomes factor into compensation for the company’s chief executive.

http://www.modernhealthcare.com/article/20130511/MAGAZINE/305119990/ceo-jackpot&template=mobile

There are many highly paid execs in the medical industry, but do any of the others in the ModernHealthcare report use threatening scare tactics so they can continue doling out this kind of cash?

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Davita Executives Spend The Day Giving Life in Dialysis Centers

Sunday, January 27, 2013 | By arlene | No Comments

Davita Executives take one day to learn more about what is involved with care issues in their dialysis clinics.

It is nice to learn they are finally learning that the patient counts not dollars. 

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The Strangest Show On Earth

Monday, September 24, 2012 | By Scott | 2 Comments

Denver-based health-care mogul Kent Thiry runs DaVita, his multibillion-dollar kidney dialysis company, unlike anything the buttoned-down corporate world has ever seen. Are his carnival-like theatrics a stroke of genius, or are they designed to distract people from the hard truths about his business?

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Categories: DaVita  |  Tags: ,

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