LifePoint Hospitals, Inc., through its subsidiaries, operates general acute care hospitals primarily in non-urban communities in the United States. As of December 31, 2013, the company operated 60 hospital campuses in 20 states, having a total of 6,896 licensed beds. The company’s hospitals provide the range of medical and surgical services commonly available in hospitals in non-urban markets. These services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services, pediatric services, and in some of its hospitals, specialized services, such as open-heart surgery, skilled nursing, psychiatric care, and neuro-surgery. In various markets, the company also provides outpatient services, such as same-day surgery, laboratory, X-ray, respiratory therapy, imaging, sports medicine, and lithotripsy. Two of the company’s hospitals have an affiliation with medical schools, including the clinical rotation of medical students, and one of its hospitals owns and operates a school of health professions with a nursing program and a radiologic technology program. Joint Venture In 2012, the company entered into a joint venture agreement with Norton Healthcare, Inc. to form the Regional Healthcare Network of Kentucky and Southern Indiana (RHN), the purpose of which is to own and operate hospitals in non-urban communities in the Kentucky and Southern Indiana region. Acquisitions In 2013, through RHN, the company acquired Scott Memorial Hospital (Scott Memorial), a 25 bed critical access hospital located in Scottsburg, Indiana. Business Strategy The company’s business strategy includes opportunities in existing markets and opportunities in new markets. Its operating strategy is to expand the breadth of services offered at its hospitals in an effort to attract community patients that might otherwise leave their community for healthcare; recruit, attract, and retain physicians interested in practicing in the non-urban communities where its hospitals are primarily located; recruit, retain, and develop hospital executives and staff interested in working and living in the non-urban communities where its hospitals are primarily located; negotiate favorable, facility-specific contracts with managed care and other private third-party payors; and utilize resources across all of its hospitals. Government Regulation As of December 31, 2013, with the exception of Bluegrass Community Hospital and Bell, both critical access hospitals, all of the company’s hospitals were accredited by the Joint Commission. In addition, majority of the states in which it operates have false claims statutes that impose civil and/or criminal liability for the types of acts prohibited by the federal False Claims Act or that otherwise prohibit the submission of false or fraudulent claims to the state government or Medicaid program. The company is subject to the administrative simplification provisions of the Health Insurance Portability and Accountability Act of 1996, which require the use of uniform electronic data transmission standards for healthcare claims and payment transactions submitted or received electronically. Additionally, the company is subject to the privacy and security requirements of the Health Insurance Portability and Accountability Act of 1996 and the Health Information Technology for Economic and Clinical Health Act, which is enacted as part of the American Recovery and Reinvestment Act of 2009. The company is also subject to the Health Insurance Portability and Accountability Act of 1996 security regulations that are designed to protect the confidentiality, availability, and integrity of health information. History LifePoint Hospitals, Inc., a Delaware corporation, was founded in 1997.
lifepoint hospitals inc (LPO:Frankfurt)
330 Seven Springs Way
Brentwood, TN 37027
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