Tuesday, August 10, 2010

Chicago Cardiology Market Shifting

"Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone.
If your time to you
Is worth savin'
Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'."
Even the largest private cardiology groups here in the Chicago area are bailing out of their practices and swimming to join a large health system:
Midwest Heart Specialists, the state's biggest cardiology practice, with 50 physicians blanketing the west and northwest suburbs, is in sale talks with Advocate Health Care and possibly others, sources say. And last week another cardiology group, Illinois Heart & Vascular, was acquired by Adventist Midwest Health, which will add 15 heart doctors to two of Adventist's four west suburban hospitals.
* * *

"The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'.
And the first one now
Will later be last
For the times they are a-changin'."

-- Lyrics from "The Times They Are a Changing" by Bob Dylan



DrV said...

In a way, I find this post haunting. But the lyrics, they're delicious. Loved it.

stop smoking help said...

Living in Dallas, we don't hear much about large cardiology groups joining healthcare organizations. Rather we hear cardiologists wanting to leave hospitals (sort of) to open their own hospitals and outpt. facilities. I believe they want to keep the well-paying patients for their MD-owned facilities and send the less well funded folks to the old acute care hospital down the street.