Finances: Page 90
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Providence Health & Services cuts 210 jobs
While the layoffs are a small number in comparison to the system's 111,000 employees, the company is prepping more cost containment measures.
By Jeff Byers • Aug. 24, 2017 -
MD Anderson Cancer Center in the black, up $11M so far in FY17
The provider lost $267.1 million in the fiscal year ending Aug. 31, 2016.
By Les Masterson • Aug. 23, 2017 -
Moody's: Nonprofit hospitals' expenses outpace revenue
Despite the current trend, Moody’s said the sector has a “stable outlook.”
By Les Masterson • Aug. 22, 2017 -
Camber Capital buys 5.7M shares of Tenet Healthcare
The move comes days after two Tenet board members resigned.
By Les Masterson • Aug. 21, 2017 -
UMass Memorial drops out of Medicaid ACO program
The central Massachusetts health system will not be joining 17 other organizations participating in the state's Medicaid overhaul.
By Les Masterson • Aug. 21, 2017 -
UPMC plans $900M capital budget next year
The organization is expanding further into central Pennsylvania.
By Les Masterson • Aug. 20, 2017 -
Hospital consolidation continues with deals in Kentucky, Georgia
A merger between Northside Hospital and Gwinnett Health System in Georgia will create a 1,479-bed system.
By Meg Bryant • Aug. 18, 2017 -
Medica to acquire Mayo Clinic's health benefits administration division
The division, which processes and handles benefits administration for self-insured companies, generated about $15 million in revenue last year.
By Meg Bryant • Aug. 18, 2017 -
Summa Health announces $33M loss in H1
The Akron, Ohio-based nonprofit health system blamed lower patient volume for the losses.
By Les Masterson • Aug. 17, 2017 -
Oscar posts losses this year, but results better than 2016
The payer has cut back in some areas this year, but expects to expand its footprint in 2018.
By Les Masterson • Aug. 16, 2017 -
UPMC moves ahead on purchase of PinnacleHealth
The two health systems hope to close the deal by Sept. 1.
By Meg Bryant • Aug. 15, 2017 -
Google acquires digital startup Senosis Health
The Seattle-based company makes tools for monitoring hemoglobin counts, lung function and other health conditions.
By Meg Bryant • Aug. 15, 2017 -
Deep Dive
Nursing strikes can cause harm well beyond labor relations
A hospital can pay millions just preparing for a one-day strike, but there are also concerns about patient safety and the organization's reputation.
By Les Masterson • Aug. 15, 2017 -
Mission Health leaving BCBS of NC network amid contract dispute
The health system said the payer’s proposal, based on quality and health outcomes, would not keep up with rising healthcare costs.
By Les Masterson • Aug. 14, 2017 -
Norton Healthcare reports 23% operating income drop
The Louisville-based company said the loss was because of a lower patient service margin.
By Les Masterson • Aug. 14, 2017 -
NantHealth cutting 300 jobs
NantHealth said a sale to AllScripts, staff cuts and consolidation will save the company $70 million annually.
By Les Masterson • Aug. 13, 2017 -
Investors sue Envision Healthcare after surprise billing reports
The investors said company “revenues were likely to be unsustainable” after a New York Times article reported hospitals that hired the company saw more out-of-network emergency room bills and high-paying medical codes.
By Les Masterson • Aug. 13, 2017 -
Quorum Health ends Q2 with flat sales, continued drop in net loss
The health system plans to divest more hospitals this year, CEO Thomas D. Miller said in a second quarter earnings call.
By Meg Bryant • Aug. 11, 2017 -
Major expansion of Cincinnati Children's Hospital Medical Center approved
The decision came after the medical center’s CEO rejected a request to give the city another $14 million that would have been reinvested back into the neighborhood.
By Les Masterson • Aug. 10, 2017 -
CVS expanding MinuteClinic chronic disease programs
The company is enlarging its diabetes care management program and wants to add programs to manage asthma, hypertension, high cholesterol and depression over the next two years.
By Les Masterson • Aug. 9, 2017 -
Kaiser posts $772M operating income for Q2
Membership in the system’s health plan reached 11.7 million, up 1.1 million since the start of the year.
By Meg Bryant • Aug. 8, 2017 -
JAMA: Ignoring 'social risk' can underpay doctors for at-risk populations
The study looked at the Massachusetts Medicaid program's social determinants of health payment model.
By Les Masterson • Aug. 8, 2017 -
Appeals court rules against former Medi-Cal payment cuts
The court ruled the federal government shouldn't have approved the 10% cut in 2008 without evidence it wouldn't affect access to care for members of the state Medicaid program.
By Les Masterson • Aug. 8, 2017 -
Healthcare leaders challenging Anthem's ED policy in Missouri
The payer recently announced it will no longer cover what it views to be unnecessary ED services in Missouri.
By Les Masterson • Aug. 8, 2017 -
Cigna latest major payer to post strong Q2
The insurer raised its 2017 earnings forecast from between $9.35 and $9.85 to between $9.75 and $10.05 per share.
By Les Masterson • Aug. 7, 2017
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