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Very much so how will the president's Health Care Reform bill.
-- -- Pediatric medicine we're joined now by the CEO of the nation's first establish.
Children's Hospital doctor Stephen -- killer of Children's Hospital of Philadelphia -- -- visiting with essar.
Thank you for having me I first want to ask you many a bit of the high costs of health care do you come from.
Is there a way for for a hospital like yourself to cut costs of the way they can contribute to coverage for all Americans but without.
-- care for your patience.
I think there there is a way that's very important issue I think is part of the Health Care Reform debate.
At the Children's Hospital Philadelphia.
We've created a network of care so we can provide the most appropriate.
At the most cost effective sites -- for instance.
The majority of patients -- we care for within our network are actually cared for in an outpatient basis.
Where the cost of that care is much less.
Also through innovation.
We can actually reduce hospitalizations.
-- one example is a -- comes in for complex congenital heart disease surgery.
A condition known as NASD.
Now because of the technology we employ the expertise.
Of the surgeons that patient can go home after two days in the hospital that never would have happened ten years ago.
Those are all types of innovations that improve the care for children it can improve the experience for the family.
And reduce the actual cost of health care.
Every doctor you've got to keep the doors open and orders do all of this and I have some experience with hospital change that.
Gave a lot of money to charity gave a lot of charity care.
Is that going to be cut in order to get the books balanced.
In order to try and cut your costs.
Well if you believe that Health Care Reform will insure all Americans so we have universal coverage.
You would save and that there should be less need for actual charity care charity care that we give -- its huge are possible loan.
It's well over fifty million dollars a year those are really to cover patients that don't have.
Coverage the other problem is that the -- the major government sponsored program for health care Medicaid.
Is severely underfunded.
So that as a hospital we have to find other sources of income to support.
Those patients that have Medicaid.
Or even -- chip insurance how do you do that what sources of funding.
So the major sources of funding our.
To help cut it to help make the whole system work.
Would be the income that we get from commercial insurance.
We have -- very large foundation.
That tries to raise money for that from the public.
To support our mission.
Will raise you know somewhere in the range of seventy -- ninety million dollars a year to help support that that's a very common.
Type -- initiative for most children's hospitals are highly -- Upon philanthropy to really make the entire operation work.
All right well we're gonna have to leave it there -- also look from -- hospital in Philadelphia Stephen thank you very much.
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