A. No they are not. At both Lafayette General and Lourdes, which owns Women’s & Children’s, you are still allowed to have one person with you during childbirth.
Reader Q: Are local hospitals doing what other places are doing and making women birth alone, which is just horrible?
In response to the coronavirus pandemic, both systems have instituted “zero visitor” policies, with limited exceptions, one of which is laboring mothers. Click here for the latest on Lourdes’ visitor restrictions and here for Lafayette General’s.
(See Editor’s Note above for the policy change that went into effect days after this story was published.)
What if I have a doula or midwife? If you have a labor coach, Lafayette General will also allow that person, along with your spouse, partner or significant other.
“If the mom has a doula arranged already to assist during labor, the doula can stay for labor and the delivery and will be asked to leave after the delivery,” a Lafayette General spokeswoman tells me. “We will ask the doula to present a certificate to show that is their role. The one significant other can stay with the mom in L & D and M/B [where moms go after delivery.]
That’s not the case at Lourdes’ Women’s & Children’s, however, where it’s going to be either your doula or partner. “They are allowed to have one spouse or significant other [screened at entry] to be with them during their stay,” a Lourdes spokeswoman tells me.
Both hospital systems say they have made no other significant changes to labor and delivery other than the overall response to new guidelines for dealing with coronavirus.
We did find at least one hospital in New York that is not allowing anyone to accompany the mother during childbirth, but that policy, as clearly stated above, is not in place here.
The gist: Wednesday morning Lafayette General Health and Ochsner Health System ended years of speculation in local health care circles, sparked largely by a 2015 strategic partnership, that the two would eventually become one.
The gist: Lafayette General Health announced the launch of a new $10 million innovation fund with investments from Acadian Companies, LHC Group, Ochsner and the Schumacher Family Foundation. The goal of this fund is to make investments in health care startups that can deliver good return and improve services for the system and its partners.
This is Healthcare Innovation Fund II. Was there a Healthcare Innovation Fund I? Yes, it deployed $3 million of LGH’s investment capital along with a match from the state into seven companies. All of those companies are still operating, and one of them, HealthLoop, was purchased by GetWell last year.
The investments have been successful. LGH is actively using products from five of the companies and working on the other two. The funds provide LGH an opportunity to earn income as an investor, supporting the organization as a whole, but also gives the system access to new concepts and innovations in health care.
Now LGH is taking its investing to a whole new level. For the new fund, LGH is increasing the size of its investment pool to $10 million and is bringing along some heavy hitter investment partners in Acadian, LHC, Ochsner and Schumacher.
“You’ve got a billion dollar not-for-profit health system in Lafayette General, a publicly traded home health company worth almost four billion dollars, one of the largest employee-owned company and ambulance service providers in the country, the guy who started one of the largest emergency room management companies in the country, and another $3 billion statewide not-for-profit health system in Ochsner,” says Cian Robinson, LGH’s executive director of innovation, research, and real estate investments. “So you’ve got some really smart people, subject matter experts, sitting around the table that are very quickly able to vet if this is good for their company,” he adds. “For me what that does is lessen risk, in particular execution risk.”
This fund will make investments ranging from $250,000 to $1 million per startup. LGH is looking for startups that offer solutions that drastically improve patient care/experience, accelerate the move toward value-based payments, innovate backend automation/productivity, or use data or deep learning to affect health care delivery.
But LGH and its investment partners aren’t just providing cash. “All of the folks mentioned as investors have agreed to open up their ecosystems,” says Robinson. “So the startups we invest in get to work with our CIOs and senior VPs to help them with product-market fit. And we help them with going into the market. It’s truly a sandbox for health care startups to thrive in.”
LGH is also looking for additional investors. Robinson says they’ve raised $6 million of the fund’s $10 million target, so there’s still $4 million available. Minimum buy in is $250,000 with the maximum investment being $2 million. LGH charges no management fees, as it’s covering the cost of operating the fund. Interested investors can reach Robinson at email@example.com, as can startups seeking investment.
The system is also running a real estate fund that’s actively investing and in the coming months is planning to launch a $50 million Opportunity Zone Fund, which will primarily focus on developing real estate on LGH’s campuses located in Opportunity Zones, like the Oil Center.
Why this matters: LGH is Acadiana’s largest not-for-profit health system, so these funds are important just from the perspective of strengthening its bottom line while providing access to innovations that improve operations. But it’s also important because it’s an opportunity for Lafayette to leverage its economic strengths by combining the efforts of some of its most significant employers. And all this energy is focused on health care, one of Lafayette’s industries with the greatest potential to make up for the billions in GDP lost in the oil and gas industry.
The gist: Lafayette General Health will use a new federal tax advantage program, created by the 2017 tax overhaul, to develop near the Oil Center and invest in healthcare startups. The hospital announced the move at an information session about federal Opportunity Funds, held Wednesday.
Opportunity Funds are a new form of investment vehicle that provides tax advantages meant to spur investment in Opportunity Zones.
Opportunity Zones are low-income census tracts that were nominated by local governments, selected by governors, and approved by the federal government last summer.
Lafayette’s Opportunity Zones include the Oil Center, UL’s main campus, downtown, and the University Avenue corridor from downtown up past I-10 almost to Carencro.
LGH has already been investing in real estate. Over the last few years, through the Lafayette General Foundation LGH has established a Real Estate Investment Fund (REIF), which acquires, finances, or develops real estate that LGH leases.
Now it has plans for developing Hospital Drive. Big plans, in fact, including a 3 to 5 story medical office building that will be a new home for the Cancer Center of Acadiana and LGH’s neuroscience work. This development will also include housing for LGH’s medical residents and retail space.
The project could breath new life into the Oil Center. The Oil Center could have been River Ranch, LGH CEO David Callecod told conference-goers, because it’s a safe walkable community with retail and restaurants; it just never had much housing. The Hospital Drive development project will create a live/work/play experience for LGH’s medical residents, with the longview of encouraging them to start their practices in Lafayette once they graduate medical school.
Opportunity Funds are ideal for enabling LGH’s aspirations. While LGH was already investing in real estate, because the Oil Center was selected as an Opportunity Zone LGH can create an Opportunity Fund to provide additional tax advantages to recruit investors to help fund the development project.
And real estate may only be the beginning. Opportunity Funds can also be used to invest in companies. For some time, LGH has been investing in health care startups through its Healthcare Innovation Fund. And it’s currently looking at making an investment in a company that may be relocating its headquarters to the Oil Center. If that company is successful, then in the future LGH’s Opportunity Fund could provide additional investment capital to fuel further growth of this as-of-yet-unnamed startup.
LGH is already reaping rewards for investing in startups. At the event, Cian Robinson, executive director of innovation, research, and real estate investments at LGH, announced that the fund had its first successful exit. Start-up HealthLoop was purchased last fall for $200 million. LGH invested around $1.5 million into the company, clearing $4 million in just a few years with the sale. LGH is currently raising funds for its second Health Innovation Fund.
Lafayette General Health warns that it will stop running UHC unless the Legislature fully restores funding to the hospital
LGH President David Callecod issued a stern warning to Gov. John Bel Edwards(https://lapolitics.com/wp-content/uploads/2018/04/UHC-040318-.pdf) that if the Legislature can’t find money to fund Lafayette’s University Hospital & Clinics, which LGH runs on the state’s behalf, then LGH would be forced to stop operating the training hospital and its urgent care clinic. Callecod put a June 30, 2018, deadline, the end of an “anticipated” special session, before LGH would vacate UHC and fire its 800 employees. LGH would also demand a refund of the “unused portion” of its near $16 million in prepaid rent for this year.
LGH took over operations of UHC in 2013. Previously, LSU’s medical school had run the hospital as a teaching facility. Under LGH’s management, the hospital still serves as a training ground for the state’s medical residents and as an essential source of care for Lafayette’s disadvantaged. The urgent care clinic at UHC, which LGH opened after assuming control, takes Medicaid payments. It’s one of the only clinics in town that does that. Callecod’s letter notes that the facility served 54,000 patients last year, many of them poor and uninsured.
Callecod signaled this move last month(http://www.katc.com/story/37718147/lafayette-general-health-warns-uhc-will-close-if-lawmakers-cant-find-solution-to-budget-crisis). Gov. Edwards’ proposed budget, announced at the beginning of this year, cut $650 million in state health funding, precipitating this confrontation. While it may not be surprising, it nevertheless shows just how bad things have gotten around the state’s budget deadlock. Jeremy Alford of LaPolitics reports that Callecod’s threat is not empty rhetoric. Should LGH follow through, the economic and social impact would be tremendous.