Hospitals: Page 2


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    Debt covenant violations tick up among nonprofit providers: report

    Since 2022, S&P Global Ratings has tracked an increase in violations of debt agreements as macroeconomic pressures and low operating margins challenge providers.

    By May 1, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Tenet raises full-year revenue guidance on $2.2B in Q1 profit

    CEO Saum Sutaria says the health system is a “new company” following nine hospital sales in the first quarter.

    By May 1, 2024
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    Trendline

    Social determinants of health

    The focus on social determinants of health has only increased because of the impacts of the pandemic, with payers and providers trying to new ways to address the issues.

    By Healthcare Dive staff
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    Hospitals’ COVID reporting burden to lighten as pandemic-era policies expire

    On Wednesday, hospitals will no longer be required to report COVID-19 admissions, capacity or occupancy data to the federal government.

    By April 30, 2024
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    Ascension taps new CFO

    Saurabh Tripathi, former CFO of Highmark Health, assumed the role on Monday.

    By April 30, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Rising inpatient volumes boosted HCA’s first quarter earnings

    The Nashville, Tennessee-based operator is the latest for-profit system to report stronger-than-expected inpatient volumes and tempered expenses.

    By April 29, 2024
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    Kaiser exposed up to 13.4M plan member records to third parties

    The largest data breach reported so far this year comes as regulators reconsider healthcare’s use of tracking technologies.

    By April 26, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    CHS kicks off 2024 with a net loss as expenses remain high

    The health system made progress on controlling expenses by cutting contract labor costs and insourcing physicians, but costs still dragged on earnings.

    By April 25, 2024
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    Intermountain Health exits Kansas

    The nonprofit is transferring ownership of two Caritas Clinics and shutting one down.

    By April 25, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    UHS posts strong profits as acute and behavioral care revenue rises

    The for-profit health system’s revenue rose by more than 10% in the first quarter.

    By April 25, 2024
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    UPMC to cut 1,000 roles

    About 1% of UPMC's total workforce will be impacted by the reductions, according to a spokesperson.

    By April 25, 2024
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    Senators press Steward lenders for solutions days ahead of payment deadline

    Sens. Elizabeth Warren and Edward Markey sent letters last week to Steward’s top lenders, asking for modified loan terms to help keep hospitals open.

    By April 23, 2024
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    CHS to sell Tennessee hospital for $160M

    CEO Tim Hingtgen told investors in February that divestitures could yield more than $1 billion for the hospital operator.

    By April 22, 2024
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    Novant, CHS fire back after FTC sues to block North Carolina hospital sale

    The health systems resisted regulators’ allegations that the deal would stifle competition in the Charlotte area.

    By April 19, 2024
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    Providers, drugmakers at odds over new 340B dispute resolution process

    PhRMA said the new rule “panders to 340B hospitals,” while the American Hospital Association and 340B Health said the rule would preserve the drug discount program’s integrity.

    By April 19, 2024
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    Over 20% of healthcare bankruptcies last year were linked to private equity: report

    Another wave of private equity-backed bankruptcies is expected this year, according to the Private Equity Stakeholder Project.

    By April 17, 2024
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    Deep Dive // Tracking Steward's decline

    Steward bankruptcy likely as massive debt remains, with few options left

    Steward Health Care’s forbearance period ends in less than 15 days. Analysts say this time, creditors are unlikely to extend the embattled company another lifeline.

    By April 16, 2024
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    Cybersecurity takes center stage at AHA annual meeting

    In the wake of the Change Healthcare attack, experts advised hospital leaders to increase their cyber defenses.

    By April 16, 2024
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    Medical Properties Trust selling spree continues, Utah deal closes

    The deal is expected to generate approximately $1.1 billion in in cash for the liquidity-strapped hospital landlord.

    By April 15, 2024
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    Opinion

    No appointments available: America’s escalating primary care shortage

    Chronic disinvestment and inadequate training have created a shortage of primary care workers, according to leaders at the Milbank Memorial Fund, National Association of Community Health Centers and others.

    By Christopher Koller, Kyu Rhee and R. Shawn Martin • April 15, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Tracking Steward's decline

    Steward buy could add 3,000 doctors to Optum’s physician network, regulator says

    There’s a long way to go before the highly anticipated deal can close, as parties have yet to file the paperwork required to kick off Massachusetts' antitrust review process, a regulator said yesterday.

    By April 11, 2024
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    CMS proposes 2.6% payment increase for inpatient hospitals next year

    Regulators said payments to hospitals would increase $3.2 billion in 2025 under the proposed rule. However, the American Hospital Association called the hike “woefully inadequate.”

    By April 11, 2024
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    Medical Properties Trust offloads 5 hospitals to Prime Healthcare

    One of the nation’s largest hospital landlords will pay down its debt load with the proceeds, executives said.

    By April 11, 2024
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    Banner Health names new CEO

    Amy Perry, the current president, will take the reins from longtime chief executive Peter Fine beginning June 30.

    By April 10, 2024
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    North Carolina county seeks damages in HCA Mission lawsuit

    Buncombe County is seeking to join a lawsuit from the state alleging HCA intentionally understaffed Mission’s emergency department, increased wait times and wasted taxpayer dollars.

    By April 9, 2024
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    Marshfield Clinic to lay off furloughed workers

    The Wisconsin-based health system furloughed about 3% of its employees earlier this year, and most are impacted by these job cuts.

    By April 5, 2024