Finances: Page 94
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Banner Health offers severance packages to employees amid restructuring
The company says it will offer a severance package to some employees in an attempt to save $65 million, following announcements about layoffs and restructuring.
By Luke Gale • March 26, 2017 -
Hospitals delaying projects amid ACA repeal uncertainty
Hospitals can’t predict how many patients will be insured in a post-ACA world or what type of health insurance coverage they will have.
By Meg Bryant • March 24, 2017 -
Baptist Healthcare shuttering outpatient behavioral health office amid wider restructuring
The news comes days after the nonprofit health system’s CEO abruptly stepped down.
By Meg Bryant • March 24, 2017 -
Surgery centers seeing lots of consolidation
Financial reports from the biggest surgery center chains show robust operating margins on strong revenues, according to an analysis by Axios.
By Meg Bryant • March 24, 2017 -
ACA repeal bill dies in House, GOP says it will move on
It’s a stunning turnabout for Republicans who have campaigned for seven years on repealing and replacing the ACA and a major blow for President Donald Trump and House Speaker Paul Ryan.
By Shannon Muchmore • March 24, 2017 -
Moody's hits Catholic Health Initiatives with yet another ratings downgrade
The nonprofit operator of 104 hospitals continues to post losses due to poor operating performance.
By Luke Gale • March 23, 2017 -
Medtronic prices $2 billion in senior notes
Net proceeds from three offerings will be used for general corporate purposes.
By Meg Bryant • March 23, 2017 -
Cleveland Clinic suffers 71% operating income drop
Hospitals around the country have pointed to rising expenses and falling patient revenues as the main culprits behind decreasing operating incomes and, in some cases, significant losses.
By Luke Gale • March 23, 2017 -
Survey: Most patients aren't budgeting for out-of-pocket healthcare costs
High-deductible health plans are on the rise, but most patients would be pressed to cover associated out-of-pocket costs if required, according to a survey from Amino and Ipsos.
By Luke Gale • March 21, 2017 -
NYC Health + Hospitals loses $776M in first half of FY 2017
The municipal health system has banked on a $764 million EHR to help turn its financial situation around.
By Meg Bryant • March 17, 2017 -
AliveCor's AI-powered platform draws $30M from Omron, Mayo Clinic
The Mountain View, CA, startup plans to use the venture funding to speed innovations and expand the business.
By Meg Bryant • March 17, 2017 -
WSJ: Clover Health eyes $120M to join the unicorns
Investors have delivered serious amounts of cash to health insurance startups in recent years.
By Luke Gale • March 16, 2017 -
Quorum Health to sell 60-bed Alabama hospital
The CHS spin off is still engaging in "active discussions on further divestiture opportunities," according to Quorum President and CEO Thomas D. Miller.
By Ana Mulero • March 13, 2017 -
Doctors top Glassdoor's list of 25 highest paying jobs in America
Nurse practitioners made the highest paying jobs list for the first time this year.
By Meg Bryant • March 10, 2017 -
CHS to sell Alabama hospital in continued restructuring
The Anniston, AL hospital is one of 25 CHS plans to divest from this year.
By Meg Bryant • March 7, 2017 -
Study: Telehealth use could drive up costs
Average annual spending on acute respiratory illness rose $45 per telehealth user largely due to new utilization, RAND researchers concluded in a new study published in Health Affairs.
By Meg Bryant • March 7, 2017 -
Mayo Clinic's Medicaid costs and workforce growth undercut 2016 profits
Donations to the Minnesota-based system totaled $296 million in 2016, up from $277 million a year earlier.
By Meg Bryant • Feb. 28, 2017 -
Mayo Clinic plans $70M upgrades
The plans indicate that healthcare organizations are willing to forge ahead with capital projects despite uncertainty around healthcare reform.
By Luke Gale • Feb. 27, 2017 -
GE Healthcare to bring hundreds of jobs to Chicago
Moving the company's Barrington facility to Chicago aims for stronger cross-company collaboration and innovation.
By Meg Bryant • Feb. 24, 2017 -
Aetna and Humana adjust their capital after failed merger
One payer has sold $73.8 million in shares, while the other has repurchased shares amounting to $3.3 billion.
By Ana Mulero • Feb. 23, 2017 -
Louisiana health system to close 14 clinics
Clinician reimbursement cuts and shrinking inpatient volumes have taken a toll on the financial stability of rural hospitals in the U.S.
By Meg Bryant • Feb. 21, 2017 -
CMS doles out $20M to aid small practice MACRA preparation
Altarum, Georgia Medical Care Foundation, HealthCentric and Health Services Advisory Group are among the organizations receiving funds in 2017.
By Luke Gale • Feb. 20, 2017 -
CHS to sell 25 more hospitals after $1.7B loss in 2016
The financially troubled hospital operator lost $22 million during the fourth quarter alone, according to its latest earnings report.
By Luke Gale • Feb. 20, 2017 -
Judge temporarily bars Cigna from dumping Anthem merger deal
A temporary injunction would preserve the deal’s current legal status, said Judge Travis Laster of the Delaware Court of Chancery.
By Meg Bryant • Feb. 17, 2017 -
CMS: Medical prices, aging population to speed up health spending growth
National health expenditures are projected to grow at a rate of 5.6% on average per year over the coming decade, according to new estimates from the Office of the Actuary at the CMS.
By Ana Mulero • Feb. 15, 2017
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