Company Profile
HCA North Texas
Company Overview
HCA North Texas consists of 11 hospitals in the Dallas/Fort Worth area and is committed to the care and improvement of human life by providing high quality, cost-effective healthcare to the communities we serve.
Our hospitals include Green Oaks Psychiatric Hospital, Denton Regional Medical Center, Las Colinas Medical Center, Medical Center of Arlington, Medical Center of Lewisville, Medical Center of McKinney, Medical City Children’s Hospital, Medical City Dallas Hospital, North Hills Hospital, Plaza Medical Center of Fort Worth and The Medical Center of Plano. To learn more about the our hospitals go to http://hcanorthtexas.com/
We have achieved Magnet status at Denton Regional Medical Center, Medical City Dallas Hospital, The Medical Center of Plano, and Plaza Medical Center, which is 4 out of the 10 in the DFW metroplex and 4 of 30 in Texas.
Our facilities are part of an even larger system, HCA, the nation’s leading provider of healthcare. The HCA family of affiliated hospitals, Supply Services and Business Operations is made up of 162 hospitals and 113 freestanding surgery centers in 20 states, and England and employing approximately 199,000 people. Approximately four to five percent of all inpatient care delivered in the country today is provided by HCA facilities. Each facility is locally managed by highly qualified individuals who share the values and interests of the communities they serve.
We are committed to providing excellent care that is convenient and accessible. As part of HCA, we lead the industry in "putting patients first." HCA North Texas continuous quality improvements continually benchmark our rankings in ED Wait Times, Door to Balloon times, and key service line indicators as reported by CMS.
With so many locations, technological innovations and practice settings, you will find choices that we know will fulfill your professional goals and aspirations. Our focus on patient safety and quality is grounded in evidence-based medicine and is delivering better outcomes for our patients every day.
Company History
In the 1960s, Dr. Thomas Frist, Sr. led an effort by a group of physicians to build Park View Hospital in Nashville, Tenn. By the mid-1960s, Dr. Frist and other Park View physicians were seeking a group to manage the hospital and provide capital to expand and to maintain the latest medical technology. In 1968, Dr. Frist, Jack C. Massey and Dr. Thomas Frist, Jr. formed their own hospital management company – Hospital Corporation of America, today known simply as HCA.
Soon HCA decided to expand the scope of its venture by assembling a group of hospitals, in order to create economies of scale and enhance the quality of care in communities across the country. One of the nation’s first hospital companies, HCA worked closely with local physicians and used innovative business practices and private capital to improve quality and reduce costs.
The company grew rapidly, building new hospitals in under-served communities, acquiring facilities and contracting to manage hospitals for other owners. Using its financial resources, management expertise and medical background, HCA focused on a core group of market-leading hospitals, an operating strategy it employs today.
With 11 hospitals, HCA filed its initial public offering in 1969. By the end of the year, HCA had 26 hospitals and 3,000 beds. The company invested capital to ensure that hospitals met the needs of their local communities. And while HCA provided support and resources to its facilities, hospital management decisions were made locally.
The 1970s were characterized by rapid growth in the industry and also for HCA. In the early 1980s, the focus shifted to consolidation with HCA acquiring General Care Corporation, General Health Services, Hospital Affiliates International and Health Care Corporation. By the end of 1981, the company operated 349 hospitals with more than 49,000 beds. Operating revenues had grown to $2.4 billion.
In 1987, HCA, which had grown to operate 463 hospitals (255 owned and 208 managed), spun off HealthTrust, a privately owned, 104-hospital company. Believing its stock was undervalued, the company completed a $5.1 billion leveraged buyout in 1988. HCA re-emerged as a public company in 1992.
In February 1994, HCA merged with Columbia, which had acquired Galen Health Care (formerly Humana) in September 1993. The new company then acquired Medical Care America and several other healthcare businesses, quickly building a comprehensive healthcare network. At its peak, the $20 billion company had approximately 285,000 employees, more than 350 hospitals, 145 outpatient surgery centers, 550 home care agencies and several other ancillary businesses.
In 1997, Dr. Frist, Jr. returned as Chairman and CEO and immediately announced plans to restructure the company and focus on providing high quality healthcare through a core group of market leading hospitals. HCA sold its non-hospital businesses as well as several facilities that did not fit the company’s strategy.
In May 1999, HCA completed the spin-offs of LifePoint and Triad Hospital groups.
On November 17, 2006, HCA became a private company for the third time when it completed a merger in which the company was acquired by a private investor group including affiliates of Bain Capital, Kohlberg Kravis Roberts & Co. and Merrill Lynch Global Private Equity, and HCA founder Dr. Thomas F. Frist, Jr. The total transaction was valued at approximately $33 billion, making it the largest leveraged buyout in history at the time.
HCA became a publicly traded company once again when shares began trading on the New York Stock Exchange under the ticker symbol “HCA” on March 10, 2011.
Currently, Richard M. Bracken serves as Chairman and Chief Executive Officer of HCA, and R. Milton Johnson is the company’s President and Chief Financial Officer.
Based in Nashville, Tenn., today HCA remains the nation’s leading provider of healthcare services. HCA is composed of locally managed facilities that include approximately 163 hospitals and 109 freestanding surgery centers in 20 states and England.
Notable Accomplishments / Recognition
It's You, It's Me, It's All of Us®
At its founding in 1968, Nashville-based HCA was one of the nation's first hospital companies. Today, we are the nation's leading provider of healthcare services, a company comprised of locally managed facilities that includes about 162 hospitals and 113 freestanding surgery centers in 20 states and England and employing approximately 199,000 people. Approximately four to five percent of all inpatient care delivered in the country today is provided by HCA facilities.
HCA is committed to the care and improvement of human life and strives to deliver high quality, cost effective healthcare in the communities we serve. Building on the foundation provided by our Mission & Values, HCA puts patients first and works to constantly improve the care we give them by implementing measures that support our caregivers, help ensure patient safety and provide the highest possible quality. Investing in our communities is important to us. HCA typically invests about $1.5 billion annually to keep our facilities modern and up-to-date technologically and to expand and add services where needed. Focusing primarily on communities where the company is a leading healthcare provider, HCA selectively adds new facilities in order to better serve our communities.
And because two HCA founders were physicians, we value highly the strong relationships we've created with local physicians. We endeavor to provide them with a wide array of services and modern facilities in order to help them deliver the best possible care.
Benefits
The North Texas Division hospitals offer competitive salaries and a comprehensive benefit package. And being a part of the much larger HCA system, provides individuals with the ability to transfer within its 162 hospital network with loss of seniority. Whether you move across the city, or across the country, chances are there is an HCA facility near you.
Here are a few of the benefits offered:
• Medical, Dental, Vision and Life Insurance for families and domestic partners
• Long and Short-Term Disability
• Time Away from Work Programs
• Flexible Spending Accounts
• Long-Term Care Insurance
• 401(k) with Company Match
• Employee Assistance Programs
• Employee Recognition Programs
• Discounted tickets to many local attractions and major events, and more
Education and preparation are two key elements in providing the high quality care that is delivered in North Texas Division hospitals every day. Through the following programs, employees within our hospitals have the opportunity to obtain a higher level of education, and be well prepared for their roles in our hospitals.
Here are a few of the opportunities available at many of our facilities:
• Tuition Reimbursement
• Scholarships
• ”Grow Your Own” Nursing Program
• Nursing Internships
• RN to BSN Program
• RN to MSN Program
• Emerging Leaders Program