"I'm still waiting for them to make the case why we should continue throwing good money after bad." "I don't think they made the case for continuing the merger," said Lieutenant Governor Cruz Bustamante, who also serves as a UC regent.
Politicians on the board are talking tough. UC regents, who have been urged to end the merger before, will again hear calls to dissolve the deal when they meet today in San Francisco. "The problem is, we did not follow the business plan." "The business plan that was laid out was a very good business plan," said UC President Richard Atkinson. The turnabout has brought some blunt assessments from university administrators. To head off losses that could grow to $170 million over the next two years, the system plans to cut 2,000 positions. UCSF wages rose to meet the levels paid by Stanford.Īs a result of these and other factors, the combined hospital system expects to lose $60 million this year. Rather than reducing staff after the merger, UCSF Stanford added 968 full-time positions. UCSF Stanford has become a dumping ground for complex, difficult-to-treat cases that competing hospitals find too expensive to keep Efforts to consolidate medical departments to cut costs have run into strong resistance from rival faculty chiefs unwilling to relinquish power Hospital managers negotiated money-losing contracts with private health insurers A Chronicle analysis of the merger reveals the following: While a financial reckoning may have been inevitable for UCSF Stanford Health Care, the timing and magnitude of the current crisis was shaped by a combination of bad luck and management blunders. The cutbacks have rekindled fears voiced by critics at the time of the merger in November 1997 that the University of California's public health mission would be sacrificed in the name of marketplace medicine. More than a year after the historic merger of the UCSF and Stanford hospitals, the $1.5 billion medical enterprise is facing an unexpected financial crisis - and forcing managers to make hard choices about which programs to cut. "But these are very scary times for my clients." I'm very sure I'm going to be OK," said Adams.
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