David Cole

  • sam patrick posted an article
    MUSC, Siemens Healthineers craft extraordinary agreement to advance healthcare see more

    The Medical University of South Carolina and Siemens Healthineers have formed a first-of-its-kind strategic partnership with the mutual goal of advancing the quality of health care in South Carolina. The partnership will capitalize on the coupling of MUSC’s clinical care, research and education expertise with Siemens Healthineers’ engineering innovations and workflow-improvement capabilities.

    “We are leveraging a longstanding relationship to reshape what we can both deliver in health care,” said David J. Cole, M.D., MUSC president. “Our nation is demanding that we address our fractured, costly and inefficient health care delivery systems. As the leading academic health sciences center in this state, MUSC’s purpose must be to drive the highest quality care for our patients at the lowest cost through commitment and partnerships. In discussions with the Siemens Healthineers team, we discovered a high degree of alignment with these concepts, and we are very excited to have them move forward with us. Our mutual goal is to not merely provide the best care possible for just our patients; we will define the new gold standard for others to follow.”

    Specifically, this new agreement will focus on driving performance excellence at MUSC and generating significant clinical and value-driven innovations in focused target areas including pediatrics, cardiovascular care, radiology, and neurosciences.

    “Ultimately, our goal is to enable health care providers to get better outcomes at lower cost. We will achieve that by empowering MUSC clinicians on this journey through four specific areas of focus – expanding precision medicine, transforming care delivery, improving the patient experience, and digitalizing health care,” said Dave Pacitti, president of North America for Siemens Healthineers. “These four core values of Siemens Healthineers are representative of the goals of our strategic relationship with MUSC, and we hope that the spirit of this flagship partnership will initiate a trend in value based care within the industry.”

     

    Read the entire article by clicking here.

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    MUSC named to the Forbes 2019 list of America’s Best Large Employers see more

    The Medical University of South Carolina (MUSC) has been ranked No. 267 out of 500 organizations on the Forbes 2019 list of America’s Best Large Employers. MUSC is one of only 22 organizations included in the Healthcare & Social category. This is the second time MUSC has appeared on this annual Forbes list, which pinpoints the companies liked best by employees.

    “Employee engagement and satisfaction are critical elements in achieving any organization’s success in both the short term and long term,” said MUSC President David J. Cole, M.D., FACS. “This recognition is a valuable acknowledgment of our ongoing efforts to provide every employee with a work environment where they are supported, appreciated and part of positive, life-changing teams.”

    Collaborating with market research firm Statista, Forbes surveyed more than 50,000 employees working at U.S. companies and organizations with at least 1,000 people. The survey was conducted with global digital data collection partners who use innovative technology and proven sampling methodologies to facilitate a deep understanding of consumer opinions and behavior. Participation in the survey was voluntary, and respondents were recruited from thousands of sources to maximize reach and representation.

    The survey included more than 30 detailed questions about working conditions. In addition, the American employees were asked to determine, on a scale of zero to 10, how likely they were to recommend their employers to someone else. The survey also stratified workers’ responses on topics like innovation, remuneration, benefits and atmosphere. Further, they were asked how they feel about the other employers in their respective industries. The mix of respondents (gender, age, region and ethnicity) in the sample represents American employees.

    The list is now live on the Forbes website.  MUSC is a Mission Partner of SCBIO, the statewide life sciences organization.

     

    About The Medical University of South Carolina

    Founded in 1824 in Charleston, MUSC is the oldest medical school in the South, as well as the state’s only integrated, academic health sciences center with a unique charge to serve the state through education, research and patient care. Each year, MUSC educates and trains more than 3,000 students and 700 residents in six colleges: Dental Medicine, Graduate Studies, Health Professions, Medicine, Nursing and Pharmacy. The state’s leader in obtaining biomedical research funds, MUSC brought in more than $276.5 million in fiscal year 2018.

    As the clinical health system of the Medical University of South Carolina, MUSC Health is dedicated to delivering the highest quality patient care available, while training generations of competent, compassionate health care providers to serve the people of South Carolina and beyond. Comprising some 1,600 beds, more than 100 outreach sites, the MUSC College of Medicine, the physicians’ practice plan, and nearly 275 telehealth locations, MUSC Health owns and operates eight hospitals situated in Charleston, Chester, Florence, Lancaster and Marion counties. In 2018, for the fourth consecutive year, U.S. News & World Report named MUSC Health the number one hospital in South Carolina. To learn more about clinical patient services, visit http://muschealth.org.

    MUSC and its affiliates have collective annual budgets of $3 billion. The more than 17,000 MUSC team members include world-class faculty, physicians, specialty providers and scientists who deliver groundbreaking education, research, technology and patient care. For information on academic programs, visit musc.edu.

  • sam patrick posted an article
    MUSC Health to build, operate new rural hospital in South Carolina see more

    MUSC Health, the clinical enterprise of the Medical University of South Carolina, has signed a letter of intent with Lake City Community Hospital and Williamsburg Regional Hospital that authorizes MUSC to construct, own and operate a new $50 million replacement hospital. The new hospital will be a 25-bed critical access facility, providing care through traditional on-site delivery as well as through virtual visits via the extensive MUSC Telehealth Network.

    Critical access hospitals serve small, rural populations and receive cost-based adjusted reimbursements for Medicare services. These cost adjustments help to stabilize rural hospitals, making them less vulnerable to financial issues. The cost-based reimbursements also improve access to much-needed health care, ensuring that essential services are available and sustainable in rural communities.

    The new MUSC Health facility will serve the health care needs of the Lower Florence County Hospital District, other areas of Florence, residents of Williamsburg County, as well as neighbors from other adjacent counties. When the new MUSC facility opens, both Lake City Community Hospital and Williamsburg Regional Hospital will transfer all operations for inpatient and outpatient services to the new MUSC hospital.

    "Maintaining and expanding access to health care in rural areas across our state is a challenge that my administration is committed to addressing head on," said Gov. Henry McMaster. "With tremendous partners like MUSC, the innovation and creativity that is required to succeed in this endeavor is on full display. We can all be encouraged by what today's news means for the future of health care in Williamsburg and Florence counties, and grateful for what MUSC's commitment to seeing a healthier South Carolina means for our future."

    “MUSC is charged with preserving and optimizing the health of the people of our state through education, research and patient care,” said MUSC President David J. Cole, M.D., FACS. “To fulfill our mission, we must be ready to serve patients across the expanse of the Palmetto State, not just in urban areas.”

    “Through our many affiliations with community and regional hospitals, and through our extended telehealth network, MUSC Health has established meaningful, life-saving collaborations and outreach across the state,” said MUSC Health CEO Patrick J. Cawley. M.D. “The restoration of a critical access hospital in this rural community and the added connectivity to MUSC specialists and resources will benefit the lives of everyone in the area.”

    “We are excited by the Medical University of South Carolina’s continued commitment to rural health care and I am hopeful that this partnership will preserve and improve access to vital primary and critical care services in the region,” said Joshua Baker, director of the South Carolina Department of Health and Human Services. “We are proud to support this rural transformation endeavor and continue our commitment to improving the health of all South Carolinians.”

    A replacement hospital is desperately needed in Williamsburg County due to the October 2015 thousand-year floods in Kingstree, S.C., the county seat of Williamsburg and location of Williamsburg Regional Hospital. More than three years ago, some 31 inches of rainfall caused massive flooding throughout the area. Torrents of water inside the hospital building, multiplied by standing water and black mold, damaged the Williamsburg Regional Hospital building beyond repair, rendering the structure unsafe and unusable.

    Determined not to abandon the citizens of Williamsburg County and the surrounding area, the leadership and providers of Williamsburg Regional Hospital have been operating a temporary hospital to serve patients since April 2016. Modular housing units serve as emergency, exam and other patient care rooms; however, a long-term solution had to be found.

    “This collaboration with MUSC opens the door to a new model for rural health care, one that leverages telehealth and advanced practice providers,” said Julie Floyd, chair of the board for Williamsburg Regional Hospital. “This partnership is the right step to take for the state and for our friends and neighbors in the city and region.”

    Like many other rural health care facilities, Lake City Community Hospital has also experienced financial challenges. Its leaders are working diligently to balance the uncertainties of the future with the need to expand access to health care for its citizens. For small community hospitals, the threats to long-term viability are all too real due to significant declines in both rural populations and hospital admissions.

    “Our hospital has always maintained a focus on delivering the best care available to our patients and families,” said Scotty Campbell, chair of the board for Lake City Community Hospital. “To extend that focus, we must recognize the added value that MUSC Health brings to the equation. Collaborating on a new hospital to serve our friends and neighbors is the most logical, productive and fiscally responsible solution possible.”  

    The people served by Lake City Community Hospital and Williamsburg Regional Hospital have a history of social, economic and, to some degree, political connections dating from pre-revolutionary war times to present day. The concept of establishing a new hospital facility to serve the patient base of both community hospitals has been discussed periodically since the 1950s when the two community hospitals were being created. Bringing these discussions to fruition appears to be the most appropriate method to meet the needs of both hospitals and their patient base most effectively.      

    Funding options for the new MUSC Health facility in the Williamsburg and Florence communities are currently being explored. The location for the new hospital has not been finalized; however, several options are under review. Construction of the new hospital is expected to take between 24 and 36 months, thus the opening date is projected as fall 2022.

    At this juncture, no decisions have been made about the disposition of either of the old hospital buildings in Kingstree and Lake City. In the coming months, leaders from MUSC, Lake City Community Hospital and Williamsburg Regional Hospital will be involved in the decision-making.

    MUSC works diligently to fulfill its mission through prudent financial management, dedicated philanthropic support and strategic business growth. Roughly 60 percent of all MUSC Health patient care revenues are generated from statewide communities outside of the Tri-county area, while the remaining 40 percent of patient care revenues are driven by services delivered within the tri-county market (Charleston, Berkeley and Dorchester counties).

  • sam patrick posted an article
    Medtronic partnering with MUSC to improve patient outcomes in healthcare see more

    CHARLESTON, S.C., AND DUBLIN – Medtronic plc (NYSE:MDT) and the Medical University of South Carolina (MUSC) today announced a five-year value-based health care partnership intended to transform and improve care for patients in South Carolina. The collaboration will focus on developing solutions that improve the health outcomes and care experiences for patients while also reducing costs.

    More than three million South Carolinians have at least one chronic disease such as cardiovascular disease, and the projected total cost of chronic disease between 2016-2030 in South Carolina is $687 billion[1]. The initial focus of the partnership will be on addressing chronic diseases and acute conditions prevalent in South Carolina.

    “Together with MUSC, we are committed to fundamentally improving the way patient care is delivered,” said Omar Ishrak, Medtronic chairman and chief executive officer. “Medtronic has a long history of collaboration with health care providers to invent and develop new markets to solve a variety of clinical problems. The partnership with MUSC is an extension of that collaboration, as we look to systematically work together to develop scalable programs aimed at improving patient outcomes while reducing the cost of care.”

    Medtronic and MUSC are committed to jointly creating and deploying new programs that will drive better outcomes for patients while reducing costs. For example, the two organizations plan to standardize a comprehensive vascular disease care pathway across the entire continuum of patient care, ultimately implementing a model for the identification, diagnosis, treatment and follow-up care of patients with vascular disease who can benefit most from therapy. This evidence-based model is designed to help clinicians identify and treat patients earlier in their disease progression.

    The two organizations also plan to implement a standardized care pathway program for joint replacement patients that addresses the bundled payment methodology implemented by the Centers for Medicare and Medicaid Services (CMS). The episodic care pathway intends to establish best practices and streamline processes to improve the quality of care for patients while reducing costs. Similarly, Medtronic and MUSC also plan to standardize care pathways designed to reduce adverse events and optimize care for patients who are at risk for respiratory compromise, or who need a tracheostomy procedure for breathing assistance.

    The partnership also creates a unique opportunity for MUSC to build upon existing curriculum to educate future health care professionals about value-based health care.

    “This strategic partnership with Medtronic is based on our shared vision and drive to lead the transformation of health care delivery,” said MUSC President David J. Cole, M.D., FACS. “It’s about providing what’s best for our patients. The mutual goal of our organizations is to deliver the best patient outcomes at the lowest cost possible. That’s the true meaning of value-based health care. Through our collaborative partnership, we plan to combat chronic disease and address community health needs in South Carolina and beyond. We look forward to an innovative and productive relationship with Medtronic and will share tangible results of our efforts as our strategic partnership evolves.”

    Both MUSC and Medtronic have networks of like-minded partners focused on advancing value-based health care in the United States. This month, Medtronic is celebrating its one-year anniversary of a partnership with Lehigh Valley Health Network in Allentown, Pennsylvania, designed to find ways to improve patient care across more than 70 major medical conditions, focusing on value. The partnership progress at Lehigh Valley Health Network is generating blueprints to help implement and scale value-based programs at MUSC.

    In August 2018, MUSC announced a strategic partnership with Siemens Healthineers designed to create a blueprint of a transformed health care system that provides safe, equitable, timely, effective, efficient and patient-centered care.

    MUSC and Medtronic will explore opportunities to cross-share learnings with their respective partners and collaborate to improve patient outcomes while reducing costs.

     

    About Medical University of South Carolina (MUSC)

    Founded in 1824 in Charleston, The Medical University of South Carolina is the oldest medical school in the South. Today, MUSC continues the tradition of excellence in education, research, and patient care. MUSC educates and trains more than 3,000 students and 750 residents in six colleges (Dental Medicine, Graduate Studies, Health Professions, Medicine, Nursing, and Pharmacy), and has more than 14,000 employees, including approximately 1,500 faculty members. As the largest non-federal employer in Charleston, the university and its affiliates have collective annual budgets in excess of $2.6 billion, with an annual economic impact of more than $3.8 billion and annual research funding in excess of $275 million. MUSC operates an 800-bed medical center, which includes a nationally recognized children’s hospital, the Ashley River Tower (cardiovascular, digestive disease, and surgical oncology), Hollings Cancer Center (a National Cancer Institute-designated center), Level I trauma center, Institute of Psychiatry, and the state’s only transplant center. In 2018, for the fourth consecutive year, U.S. News & World Report named MUSC Health the number one hospital in South Carolina. For more information on academic programs or clinical services, visit musc.edu. For more information on hospital patient services, visit muschealth.org.

     

    About Medtronic

    Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world’s largest medical technology, services and solutions companies – alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 86,000 people worldwide, serving physicians, hospitals and patients in more than 150 countries. The company is focused on collaborating with stakeholders around the world to take health care Further, Together.

  • sam patrick posted an article
    MUSC topped its record for annual biomedical research funding with more than $276 million in FY2018 see more

    The Medical University of South Carolina has broken its own record as the state’s leader in garnering extramural funding for biomedical research. MUSC set a new high-water mark in FY2018, bringing in more than $276.5 million. The previous MUSC record for annual biomedical research funding was more than $259 million, set in FY2016. 

    “Being the state’s leader in biomedical research funding year after year is a significant accomplishment, and we applaud the passion and expertise of our dedicated scientists and their teams,” said David J. Cole, M.D., FACS, MUSC president. “Even so, reaching another record-breaking number is not an end in itself. The true impact of MUSC research is reflected in how we translate discoveries into new modalities of care and life-changing therapeutics. Research is a dynamic force that fuels how we fulfill our mission to lead health innovation for the lives we touch,” he added.

    Kathleen Brady, M.D., Ph.D., vice president for Research, called the accomplishment outstanding, especially during a period when being awarded research grant funding has become more intensely competitive than ever before. No other publicly assisted academic institution in South Carolina consistently garners near $250 million in research funding year after year.

  • sam patrick posted an article
    NEW LIFE SCIENCES DISTRICT KICKS OFF CONSTRUCTION IN CHARLESTON, SC AT WESTEDGE see more

    Charleston, SC - July 17, 2018 marked the construction kickoff for 22 WestEdge, a striking new workplace anchor for the city’s growing knowledge economy and the highly anticipated centerpiece of the WestEdge District. The iconic 125-foot, eight-story structure will be the tallest multi-tenant office building on the peninsula and in Charleston’s metropolitan area when it opens in November 2019.

    “22 WestEdge affirms the vision for a Live, Learn and Earn district, adding vital office, research and lab components to the world class WestEdge community. It builds on the remarkable momentum of a development that already has over $300 million under construction,” said Michael Maher, CEO of The WestEdge Foundation, Inc., the non-profit sponsor of the overall development.

    Even prior to the 22 WestEdge groundbreaking, area economic development proponents including The Medical University of South Carolina, the South Carolina Research Authority, the City of Charleston, Heritage Trust and the WestEdge Foundation committed to 22 WestEdge, forming the nucleus of entities working to incubate, attract and retain entrepreneurial talent to energize the Charleston economy.  While 48% of the space is currently leased, 72,000 square feet of office space and 10,000 square feet of retail space remain available for existing local businesses, or for new companies being created or relocating to the Charleston region. This is a remarkable concentration of ingenuity¾over 35,000 people live, work, study and seek healthcare expertise in the adjacent medical district.

    Partnership and innovation opportunities abound for 22 WestEdge tenants—with unprecedented access to like-minded neighbors and colleagues in Charleston’s life sciences sector. Dr. David Cole, President of MUSC shared, “With MUSC’s $275 million of research and proprietary discoveries, 22 WestEdge will allow the University to collaborate with private industry to create new healthcare solutions, new companies and recruit existing global medical-related companies to Charleston.” Bob Quinn, Executive Director of the SCRA agreed, “SCRA’s leasing of the entire top floor of 22 WestEdge will allow us to create a world-class facility, including laboratories, which will serve as a catalyst for the attraction of leading life sciences companies and the creation of a Discovery District adjacent to MUSC.”  

    Charleston Mayor John Tecklenburg echoed, “It’s no secret that biomedical advances will be a key driver of our economy and society in the years ahead. With 156,000 square feet of office space dedicated to precisely the kind of research and enterprise that will help make those breakthroughs possible, 22 WestEdge is a welcome and important addition to our city’s medical district.”

    22 WestEdge office tenants will also benefit from the energy and vitality of the district. Recently completed, The Caroline has 237 apartments and 20,000 square feet of retail and restaurant space, and the topped-out 10 WestEdge will have 350 residential units, a Publix Super Market, Woodhouse Spa and additional retail and restaurant space, providing an abundance of shopping, eating and living options for all. 22 WestEdge’s own amenities include 15,000 square feet of cafes and fitness facilities, common conference and event facilities and a terrace wrapping the 7th floor with sweeping views of the Ashley River. Mack Reese, 22 WestEdge developer and partner, explains his reason for developing the project, “With its access to parking, numerous retail amenities and an urban density of residential opportunities for employees, the building will be a new and exciting option for existing Charleston businesses and those looking to relocate to the region.”

    Upon completion, WestEdge’s master-planned mixed-use district will encompass more than 3,000,000 square feet of space on 60 acres along the Ashley River adjacent to MUSC and the Medical District, and fronting on Brittlebank Park and the Joseph Riley Baseball Stadium. WestEdge is a public-private partnership created to advance economic development and expand the research capabilities of the Medical University of South Carolina and foster new companies and collaborative opportunities with private industry. It is an innovative redevelopment that is transforming the quality of life for Charleston’s west side.

    Key 22 WestEdge partners include Gateway Development (Developer) ELV Associates (Investor), BB&T (Lender), Trident Construction (General Contractor), Perkins & Will (Architect), Thomas and Hutton (Civil Engineer), and Lee & Associates (Marketing & Leasing).  

    For leasing inquiries and further detail on WestEdge development, please contact Mack Reese of Gateway Development (770-310-3414 ).