Hospitals: Page 25
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Illustration: Xavier Lalanne-Tauzia for Industry Dive
Mayo Clinic boosted operating income by 82% in 2023
Investment returns and outpatient services revenue drove results.
By Susanna Vogel • Feb. 29, 2024 -
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Adventist, Tenet close California hospital sale
The deal will net Tenet Healthcare about $450 million in after-tax proceeds.
By Emily Olsen • Updated April 1, 2024 -
Explore the Trendline➔
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TrendlineProvider burnout
Hospitals are still struggling with provider burnout, after the COVID-19 pandemic exacerbated underlying staffing issues and prompted workers to quit their jobs.
By Healthcare Dive staff -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Northwell Health, Nuvance Health to merge
The proposed deal would create a 28-hospital system in New York and Connecticut.
By Susanna Vogel • Feb. 29, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
UHS eyes 2024 growth but ‘cautious’ amid persistent cost pressures
The Pennsylvania-based hospital operator grew revenue 7% in 2023 despite operational challenges, including high labor costs and strained payer relations.
By Susanna Vogel • Feb. 28, 2024 -
Jirapong Manustrong
Nurse leaders say the job is a ‘no-win’ role
Burnout and turnover remain high among overwhelmed and under-resourced nurse leaders, according to a study from AMN Healthcare.
By Susanna Vogel • Feb. 28, 2024 -
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Catholic health system taps CommonSpirit executive as next CEO
E.J. Kuiper will replace Richard Vath as chief executive of Franciscan Missionaries of Our Lady Health System effective May 1.
By Susanna Vogel • Feb. 27, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Trinity Health cuts operating losses by 85% in first half of 2024
Revenue from acquisitions and outpatient services helped the Catholic health system trim losses.
By Susanna Vogel • Feb. 26, 2024 -
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CHS hit with Justice Department investigation
Federal regulators are seeking information about the for-profit hospital operator's inpatient admissions and dialysis processes and procedures.
By Susanna Vogel • Updated Feb. 23, 2024 -
Jirapong Manustrong
Women in healthcare report higher levels of burnout than male colleagues, study finds
A lack of autonomy and gender inequity at work are correlated with women’s burnout, according to the new research.
By Susanna Vogel • Feb. 22, 2024 -
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Tracking Steward's declineSteward Health Care gets ultimatum from Massachusetts governor
Gov. Maura Healey sent a letter to Steward executives this week saying the operator must produce financial documents and consider a sale of its properties in the state.
By Susanna Vogel • Feb. 21, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS’ income falls in the fourth quarter as costs continue to climb
The Franklin, Tennessee-based hospital operator’s net income dropped nearly 90% year over year in the quarter.
By Susanna Vogel • Feb. 21, 2024 -
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CMS finalizes rule to cut Medicaid DSH payments for some hospitals
Under the new definition, hospitals can only receive disproportionate share hospital Medicaid reimbursements for beneficiaries who are primarily insured by the safety-net program.
By Susanna Vogel • Updated Feb. 22, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Ascension posts $231M in quarterly operating income as labor costs come down
The Catholic health system attributed its results to increased patient volumes and successful cost-cutting initiatives.
By Susanna Vogel • Feb. 20, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Mass General Brigham’s investment income boosted Q1 earnings
But operating expenses — including increases in supply and wage costs — continued to pressure the nonprofit.
By Susanna Vogel • Feb. 20, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CommonSpirit trims operating losses in second quarter
The nonprofit improved net income but was still dogged by rising expenses in the quarter.
By Susanna Vogel • Feb. 16, 2024 -
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Tracking Steward's declineWhat’s going on at Steward Health Care?
The physician-led healthcare network formed to save hospitals from financial distress. Now, hospitals in its own portfolio need bailing out after years of alleged mismanagement.
By Susanna Vogel • Feb. 15, 2024 -
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HCA updates C-suite reporting structure
The Nashville-based for-profit adjusted its strategy for senior executives as it attempts to gain a 29% market share in healthcare services by 2030.
By Susanna Vogel • Feb. 14, 2024 -
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Humana sued over alleged 340B underpayments in Medicare Advantage
Alabama-based Baptist Health argued the insurer had received a “windfall” due to illegal payment cuts in the 340B drug discount program.
By Emily Olsen • Feb. 13, 2024 -
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Washington state bill seeks to regulate hospital mergers, care access
The Washington state Senate advanced legislation Thursday that grants the state attorney authority to deny mergers that may limit healthcare access.
By Susanna Vogel • Feb. 13, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Kaiser reports $4.1B net gain in 2023 on improved investments
The nonprofit’s financial rebound followed a difficult 2022 in which the operator reported a $4.5 billion net loss.
By Susanna Vogel • Feb. 12, 2024 -
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Lawsuit accuses Advocate Aurora of charging ‘eye-watering’ prices
The lawsuit accuses the health system of using acquisitions, noncompetes and gag clauses to create a monopoly and increase prices.
By Susanna Vogel • Feb. 12, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet says its upcoming ‘new era’ will be fueled by ambulatory surgeries
The Dallas-based provider also reported fourth quarter earnings on Thursday that beat Wall Street’s expectations for revenue.
By Susanna Vogel • Feb. 8, 2024 -
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AHA calls for more payer oversight in No Surprises dispute resolution
In comments on a proposed rule, the American Hospital Association argued regulators haven’t fully addressed how they’ll handle oversight for some situations, like when an insurer fails to pay after a dispute determination.
By Emily Olsen • Feb. 7, 2024 -
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HHS settles cybersecurity investigation with Montefiore Medical Center
The nonprofit will pay $4.75 million to settle allegations that data security failures allowed an employee to steal and sell the protected health information of thousands of patients.
By Emily Olsen • Feb. 7, 2024 -
Jeff Schear/Getty Images for Ann and Robert H. Lurie Hospital of Chicago via Getty Images
Chicago children’s hospital completes cyberattack recovery
Lurie Children’s Hospital has finished reactivating patient-facing systems, nearly four months after the provider first reported a network outage.
By Emily Olsen • Updated May 21, 2024
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