{"id":5008,"date":"2015-11-18T00:00:00","date_gmt":"2015-11-18T07:00:00","guid":{"rendered":"https:\/\/www.uchealth.org\/today\/2015\/11\/18\/memorial-hospital-celebrates-improvements-provides-city-with-revenue-sharing-payment\/"},"modified":"2020-09-30T15:15:14","modified_gmt":"2020-09-30T21:15:14","slug":"memorial-hospital-celebrates-improvements-provides-city-with-revenue-sharing-payment","status":"publish","type":"post","link":"https:\/\/www.uchealth.org\/today\/memorial-hospital-celebrates-improvements-provides-city-with-revenue-sharing-payment\/","title":{"rendered":"Memorial Hospital celebrates improvements, provides city with revenue-sharing payment"},"content":{"rendered":"
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Colorado Springs<\/strong> (November 18, 2015) \u2014 After a successful year with significant patient care and financial improvements at Memorial Hospital, UCHealth will pay the City of Colorado Springs more than $1.3 million. Revenue-sharing payments like this will be made each year the hospital experiences earnings in excess of a baseline percentage outlined in UCHealth\u2019s lease of Memorial Hospital from the city.<\/p>\n

UCHealth has also invested more than $90 million in infrastructure and service improvements during the past three years. These investments include remodeled, private patient rooms, a new radiation oncology center under construction at Memorial Hospital North, six new primary care locations and the addition of new, advanced imaging equipment. Memorial Hospital North has also opened a new cardiac catheterization lab while adding services including trauma surgery and oncology chemotherapy infusion.<\/p>\n

\u201cMemorial has changed significantly since our lease began in 2012,\u201d said George Hayes, president and CEO of Memorial Hospital. \u201cWe are proud of the advancements that we\u2019ve made in patient care. We\u2019ve seen significant improvements in the quality of our care, and our patient satisfaction scores reflect these enhancements. Memorial is also seeing an increase in patient volumes and additional revenue, making this payment possible.\u201d<\/p>\n

Memorial Hospital\u2019s partnership with Children\u2019s Hospital Colorado provides the highest-level neonatal intensive care unit in southern Colorado, the only pediatric intensive care unit, and many expert specialists who provide the very best care for pediatric patients. The hospital also added a pediatric neurosurgeon to its team in September, the only such specialist in the region. Children\u2019s Colorado will break ground soon on their new children\u2019s hospital on the Memorial North campus.<\/p>\n

In addition, physicians, nurses and staff members at Memorial have taken on initiatives to increase patient safety. Since 2012, this focus has led to:<\/p>\n