Finances: Page 120
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Cerner reveals record sales of $4.25B in 2014
The IT giant reported new business with state, speciality, regional and community hospitals and record sales in physician markets.
By Nina Flanagan • May 27, 2015 -
UPMC cuts costs, offers buyout to 3,500 employees
The nonprofit is battling sluggish demand for hospital-based services by offering a voluntary severance package to 5.6% of its workforce.
By Katie Bo Williams • May 27, 2015 -
Was the April spike in healthcare prices a fluke or the beginning of a trend?
Prices for medical services rose a whopping 0.9% in April—the highest jump since the summer of 1990.
By Julie Henry • May 26, 2015 -
Boston Children's Hospital buys first medical practice
This is Boston Children's first out-of-state acquisition—and its first acquisition of a medical practice.
By Julie Henry • May 26, 2015 -
WellSpan Health, Philhaven seek approval for mental health affiliation
The partnership aims to integrate medical and mental healthcare in south central Pennsylvania.
By Heather Caspi • May 22, 2015 -
Ascension to raise minimum wage to $11 per hour
The decision will impact 10,000 workers—about 7% of Ascension's 150,000 employees.
By Katie Bo Williams • May 22, 2015 -
Deep Dive
What Tenet's exit from GA and NC says about for-profits in non-expansion states
Are for-profit operators going to pull out of states that have refused to expand Medicaid?
By Julie Henry • May 22, 2015 -
Welltok acquires Predilytics to boost consumer health analytics
The platform will be available to consumers through health managers, employers, health plans and providers.
By Nina Flanagan • May 21, 2015 -
Montgomery County Planning Commission
CVS to buy nursing home pharmacy Omnicare for $12.7B
The consequent spike in pharmaceutical services for older Americans will only bolster CVS' position as the largest retail Rx dispenser in the U.S.
By Sy Mukherjee • May 21, 2015 -
MI Medicaid expansion boosts Beaumont, Henry Ford financial results
Henry Ford bounced back from a $12-million net income loss in 2013 to $27.8 million in net income in 2014.
By Julie Henry • May 20, 2015 -
FL hospitals refuse Gov. Scott's revenue-sharing proposal
Scott wants to "tax" operating surpluses to sustain the state's LIP program.
By Julie Henry • May 20, 2015 -
RAC reform bill would eliminate financial rewards for denials
The legislation would curb practices hospitals say are costly, overly burdensome and abusive.
By Julie Henry • May 20, 2015 -
Partners blames bad winter for lower revenues
MA's larget health system suffered a $17.5 million operating loss during the period ending March 31.
By Julie Henry • May 19, 2015 -
California nonprofits face possible legislation endangering tax breaks
The operations of nonprofit healthcare organizations continue to come under fire.
By Julie Henry • May 19, 2015 -
UPMC reports minimal change in revenue despite losing Highmark contract
It appears that UPMC planned ahead for its breakup with Highmark, and revenue from insurance enrollment is up 9% since the split.
By Julie Henry • May 19, 2015 -
Deep Dive
What you need to know from the new PwC, Kaufman M&A analyses
What were the big take-aways from the two new reports on hospital deals—and what do analysts have to say?
By Julie Henry • May 18, 2015 -
Community Health Systems snubs own county to build office in Nashville
A state rep claims the switch was made as retribution for county lawmakers' opposition to state Medicaid expansion—untrue or a sign of things to come?
By Julie Henry • May 18, 2015 -
Hackensack Medical, Meridian Health merger would create NJ's largest hospital network
The two organizations have signed a definitive agreement to merge and are awaiting regulatory approval.
By Nina Flanagan • May 14, 2015 -
Mayo Clinic's costs outpace revenue
Increases in salaries and benefits and supply costs were enough to offset the health system's 5.7% revenue gain.
By Julie Henry • May 13, 2015 -
Waterbury staff may keep jobs following controversial CT merger
The for-profit company acquiring the hospital says staff can stay in their current positions.
By Julie Henry • May 12, 2015 -
Report: KY hospitals face net loss of $1B by 2020
The state hospital association said that under the ACA, hospitals will lose more in cuts than they will gain in revenue from expanded coverage.
By Julie Henry • May 12, 2015 -
Hospitals lead healthcare jobs growth
More than 25% of healthcare jobs added in April were in hospitals.
By Julie Henry • May 11, 2015 -
Kindred sets aside $95M for possible Medicare settlement
The company also reported a 32% jump in revenue from Q1 of last year.
By Katie Bo Williams • May 8, 2015 -
Consumers dissatisfied with healthcare billing, PwC study says
Healthcare payment processes need to catch up with the times, data suggests—especially if providers want to meet millennial expectations.
By Heather Caspi • May 8, 2015 -
Mayo Clinic proposes new specialty campus to employ 3,800
The provider already has a clinic in Onalaska, WI, but it would be dwarfed by the new development.
By Heather Caspi • May 8, 2015
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