>> IT'S TIME NOW FOR "THE BUSINESS OF HEALTH," BROUGHT TO YOU BY HENDRICKS REGIONAL HEALTH.
ST. VINCENT RECENTLY OPENED A CASTLETON MICRO-HOSPITAL HERE IN INDIANAPOLIS, ONE OF SEVERAL NEIGHBORHOOD HOSPITALS IT IS
LAUNCHING AROUND THE STATE. BUT THAT IS JUST ONE OF THE MANY THINGS HAPPENING AT THE STATE'S SECOND LARGEST HEALTHCARE
SYSTEM. BARBARA LEWIS SITS DOWN WITH THE ST. VINCENT-INDIANA CEO IN THE BUSINESS OF HEALTH.
>> WE ONLY HAVE A FEW MINUTES, WE NEED ABOUT AN HOUR. THE NEW FACILITY IS PART OF THE NEW WAY HEALTH CARE IS BEING
DELIVERED. JOINING ME TO TALK ABOUT PROGRAMS AND FUTURE PLANS IS THE CEO OF ST. VINCENT INDIANA,
JONATHAN NALLI. GOOD TO HAVE YOU ON THE PROGRAM. >> THANKS SO MUCH FOR HAVING US. >> MICRONEIGHBORHOOD HOSPITALS
REALLY HAVE THEIR DETRACTORS. WHY ARE THEY SUCH AN IMPORTANT PART OF YOUR STRATEGY? >> YOU'VE SEEN HEALTHCARE
CONTINUES TO EVOLVE, IT'S TRANSFORMING AT A RAPID RATE THAN NEVER BEFORE SEEN, CREATING PHARMACEUTICAL COSTS, HOW
HEALTHCARE IS BEING DELIVERED. THE EDUCATION OF CONSUMERS AND PATIENTS ABOUT WANTING TO DRIVE MORE OF THAT.
WE FEEL THAT IF WE DON'T DRIVE TRANSFORMATION IN HEALTHCARE, WE WILL BE DISRUPTED, SO WE BELIEVE DISRUPTING OURSELVES IS THE MOST
IMPORTANT WAY TO EVOLVE HEALTHCARE AS AN INDUSTRY. >> QUICK QUESTION. EVERYONE IS TALKING ABOUT 96TH
AND SPRINGMILL, THE LAND THAT'S SITTING THERE. WHAT'S THE LATEST ON THAT? >> ABSOLUTELY.
GREAT QUESTION. THE LAND ACQUISITION AT 96TH PLAYS INTO AN OVERALL STRATEGY OF HOW DO WE POSITION OURSELVES
IN THE FUTURE. ST. VINCENT JUST MOVED OUR CORPORATE OFFICES TO THE PARKWOOD WEST BUILDING AT 96TH
AND SPRING MILL. SAW THE VACANT ACREAGE NEXT TO US AND FELT IT WAS IN OUR BEST INTEREST TO SECURE IT IN THE
EVENT WE WANTED TO DO SOMETHING IN THE FUTURE. WE STILL HAVE NO PLANS FOR THAT PROPERTY, BUT WE FEEL IN THE
BEST INTERESTS OF THE ORGANIZATION, AND HOW HEALTHCARE EVOLVES, WE WOULD WANT TO HAVE THAT CONTIGUOUS TO OUR NEW
CORPORATE OFFICE. >> SO HOW DOES THAT -- AND BRIEFLY TALK ABOUT THIS OVERALL STRATEGY THAT YOU HAVE WITH THE
ENTIRE STATE AND HOW YOU'RE KIND OF STAYING ONE STEP AHEAD OF WHAT YOU NEED TO TO SUCCEED IN THE HEALTHCARE INDUSTRY.
>> WE REFER IT TO IT AS REHAD -- HOW DO INDIVIDUALS, PATIENTS, CONSUMERS WANT THEIR HEALTHCARE DELIVERED AND WHAT IS
THE EXPECTATION THEY PLACE ON ANYBODY THAT'S DELIVERING HEALTHCARE? FOR ST. VINCENT, WE'VE TAKEN THE
APPROACH OF ONE HOSPITAL, MULTIPLE LOCATIONS, WHICH REALLY REFERS TO EVERY ONE OF OUR INPATIENT, OUTPATIENT, ON
DEMAND, VIRTUAL CARE CENTERS, THROUGHOUT THE STATE OF INDIANA, TO ENSURE THAT WE ARE CONNECTED WITH OUR PATIENTS, HOLDING THEIR
HAND, PRENATAL TO END OF LIFE AND EVERY STEP ALONG THE WAY. HOW DO WE NEED TO EVOLVE THAT? SO WE'RE MORE PATIENT-CENTERED
IN THE FUTURE. >> SO WHEN DO WE GO TO THE NEIGHBORHOOD MICROHOSPITAL AND WHEN DO WE HEAD TO THE BIGGER
FACILITY? >> ABSOLUTELY. THE VAST MAJORITY OF PATIENTS THAT ARE SEEN IN ONE OF OUR
EXISTING FACILITIES WITH AN E.R. AS WELL AS ANY OTHER HOSPITAL CAN BE SEEN AT A NEIGHBORHOOD HOSPITAL.
WE SEE THEM QUICKER, WE SEE THEM WITH THE SAME E.R. PHYSICIANS, THE SAME INPATIENT MEDICINE PHYSICIAN, PROTOCOLS, MEDICAL
RECORDS, CONNECTION, YOU NAME IT, IT'S JUST IN A FACILITY THAT IS CLOSER TO THEIR HOME. IT IS QUICKER SERVICE, PROVIDES
THE SAME OUTCOMES, AND WE BELIEVE OVER TIME WILL SHOW IT IS A LOWER COST TO PATIENTS, EMPLOYERS AND INSURANCE
COMPANIES. >> WELL, JONATHAN NALLI, WE HAVE A LOT MORE TO TALK ABOUT BUT NO