publication date: May. 15, 2015
Fisher Discusses Turnaround at Fox Chase
A year ago, Fox Chase Cancer Center lost money: $17 million.
In 2015, the losses have stopped, and an $8 million operating profit is projected.
Fox Chase is part of the Temple University Health System, which is rebuilding its cancer services around the venerable center.
“We’re in an interesting time at Fox Chase—because as I look ahead to the future of health care and accountable care coming, I think it’s unlikely if many, if any, of the freestanding cancer centers will be able to stand by themselves in that kind of arrangement,” Richard Fisher said to The Cancer Letter. “So right now, we’re a fascinating model that’s going to be looked at by our colleagues to see how it works.”
Here are the changes that occurred over the nearly two years since Richard Fisher was named director, president and CEO at Fox Chase:
• New patient appointments went up by 14 percent and online registrations by 41 percent after Fox Chase started to offer new patients next-business-day appointments.
• The number of surgical patients went up by 15 percent over last fiscal year, and is on pace to exceed 5,000 cases in the operating room in FY15.
• The number of grants awarded by NIH to Fox Chase went up by 50 percent over last year.
• An internal competitive grant process was launched, using the NIH … Continue reading 41-19 Fisher Discusses Turnaround at Fox Chase
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