All this is an extreme example of a growing phenomenon. After the 20th-century factory town, such as Flint, Michigan, comes the 21st-century hospital town. Rural hospitals are often the main employers in their communities. Even Flint is trying to re-position itself as a medical hub. But a select few cities have entered the era of the mega-hospital. The most dramatic are Rochester, a medium-sized city where Mayo has long been a star business, and Cleveland, Ohio, a rustbelt city that has seen its hospitals boom and one, the Cleveland Clinic, become a new economic force. Each hospital is a behemoth: Mayo's revenues in 2006 totalled $6.3 billion, Cleveland's $4.4 billion.
Saturday, February 23, 2008
In Search of a Cure
Flint may turn to casinos to cure its economic ills, but the The Economist points out that hospitals might be just what the doctor ordered. (Sorry for that tortured healthcare metaphor.)