March 15th, 2013
New London Hospital is pleased to announce that it has increased the number of hospital beds available for inpatient care from 15 to 20. An internal analysis was completed and approved by the Board of Trustees Finance Committee confirming the need to increase the number of patient beds based on a several factors.
The three primary reasons for undertaking this effort include better serving our community by increasing local skilled nursing beds and acute care beds, acting as a responsible partner in the new Medicare Accountable Care Organization, and acting as a responsible partner in an anticipated affiliation with Dartmouth-Hitchcock Health (D-HH).
"The Board of Trustees and the management team feel that increasing our bed utilization is a sound financial decision for New London Hospital," stated President and CEO Bruce King. "This initiative will allow us to better serve the healthcare and wellness needs of our patients by ensuring bed availability for our community members."
The analysis took into consideration the costs and benefits associated with increasing inpatient bed utilization. It examined the patient referral and transfer rates for D-HH, increases in the number of patient days by month over the past five fiscal years, the revenue and expenses that would be realized with changes in bed utilization, and staffing increases that would be needed.