Hospitals: Page 28

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    Labor conditions stabilizing at nonprofit hospitals: Fitch

    Flattening wage growth, declining quit rates and rising payrolls are signs the red-hot labor market is stabilizing. However, the credit agency said recruitment still remains “hyper-competitive.”

    By Susanna Vogel • Dec. 21, 2023
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    Jefferson Health, Lehigh Valley Health Network combine into 32-hospital system

    The system will operate under the name Jefferson Health and Joseph Cacchione, who led Jefferson pre-merger, will stay on as CEO.

    By Susanna Vogel • Updated Aug. 2, 2024
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    Trendline

    Provider 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
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    Steward Health Care hit with False Claims Act lawsuit

    The suit alleges a Steward-run hospital improperly billed Medicare for more than 1,000 false claims.

    By Susanna Vogel • Dec. 20, 2023
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    John Muir, Tenet hospital deal collapses following FTC lawsuit

    John Muir Health will no longer acquire a California medical center from Tenet Healthcare, one month after regulators sued to block the deal over concerns it could drive up health costs in the region.

    By • Dec. 19, 2023
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    North Carolina AG sues HCA over degraded care quality at Mission Health

    Attorney General Josh Stein slammed staffing and service shortages at Mission Hospital after HCA acquired it in 2019. “Responsibility for this downward spiral rests entirely with HCA,” the lawsuit says.

    By Susanna Vogel • Dec. 15, 2023
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    House passes bill targeting price transparency, site-neutral payments, PBMs

    Hospitals have lobbied against the site-neutral payment policies included in the bipartisan legislation.

    By • Dec. 12, 2023
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    Kaiser Permanente, Novant Health to cut IT jobs

    The nonprofit systems are the latest to cut IT jobs this year as they navigate thin operating margins fueled by inflation and prolonged staffing shortages.

    By Susanna Vogel • Dec. 12, 2023
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    CommonSpirit names new COO

    Industry veteran Terika Richardson steps into the post, effective Monday.

    By Susanna Vogel • Dec. 11, 2023
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    Norton Healthcare ransomware attack exposes 2.5M people

    Ransomware attacks are soaring in the healthcare sector, impacting more than 88 million people in the first 10 months of 2023, according to the HHS.

    By Matt Kapko • Dec. 11, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Boosted by federal funds, Mass General Brigham posts profit in FY 2023

    The Boston-based operator posted a $432 million operating loss last year.

    By Susanna Vogel • Dec. 11, 2023
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    Courtesy of Billington CyberSecurity Summit
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    White House wants to set minimum cyber standards for hospitals, healthcare

    The sector has faced a wave of ransomware linked to the critical CitrixBleed vulnerability, which has led to major attacks from LockBit and other threat groups.

    By David Jones • Dec. 11, 2023
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    Sponsored by Cognizant

    Gearing up for healthcare’s next normal

    2023 was the year healthcare began to show the first major signs that the pandemic was firmly in the rearview mirror. 

    Dec. 11, 2023
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    Senators probe private equity’s role in hospital operations

    The inquiry comes as the White House this week said it would investigate private equity investment in healthcare as federal scrutiny of firms ramps up.

    By Susanna Vogel • Dec. 8, 2023
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    Hospital lobbies push back on site-neutral provision in House bill

    The American Hospital Association and the Federation of American Hospitals sent letters to Congress this week opposing a bill that would equalize payments for drugs administered in outpatient clinics.

    By • Dec. 8, 2023
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    Michigan doubles fines for violence against healthcare workers

    The Great Lakes state will issue harsher penalties next year in an attempt to deter workplace assault and harassment.

    By Susanna Vogel • Dec. 7, 2023
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    Corporate healthcare ownership reduces care quality, physician survey finds

    As the rate of corporate-owned healthcare practices rise, providers say a lack of autonomy leads to diminished patient care. 

    By Susanna Vogel • Dec. 6, 2023
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    Chicago-area NorthShore – Edward-Elmhurst rebrands to Endeavor Health

    The name change comes nearly two years after the merger between the health systems closed.

    By • Dec. 6, 2023
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    Tracking Steward's decline

    Steward Health Care to close Massachusetts hospital amid financial troubles

    The for-profit operator said low reimbursement rates and financial challenges will cause it to shutter the 182-bed facility.

    By Susanna Vogel • Dec. 6, 2023
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    US hospitals forecast 9% capex growth to support elective procedure backlog: survey

    The Baird survey of 38 health system CFOs forecasts that hospital capital spending growth in 2024 will slow from a 13% jump this year.

    By Nick Paul Taylor • Dec. 6, 2023
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    Nonprofits’ 2024 outlook still ‘deteriorating,’ Fitch says

    Next year will be another “make or break” year for the nonprofit sector, with success determined by hospitals' labor agenda.

    By Susanna Vogel • Dec. 5, 2023
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    BrainChild Bio spins out of Seattle Children’s to develop cancer drugs

    The company plans to develop CAR-T cell therapies to treat pediatric brain tumors.

    By Gwendolyn Wu • Dec. 5, 2023
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    Mass General Brigham cuts workers in its tech division

    The cuts, which came less than a month after workers were offered voluntary separation agreements, will impact fewer than 20 employees.

    By Susanna Vogel • Dec. 4, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Cleveland Clinic posts slimmer operating losses in Q3

    The Ohio-based health system struggled financially during its fiscal year 2022. However, rising patient demand has since cut the nonprofit’s operating losses.

    By Susanna Vogel • Dec. 4, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Lifepoint Health and Ascension Saint Thomas announce joint venture

    The health systems will jointly operate four-hospital Highpoint Health in Tennessee, though Lifepoint will retain majority ownership. 

    By Susanna Vogel • Dec. 4, 2023
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    HCA Healthcare buys 11 emergency centers in Texas

    The acquisition comes after HCA announced it was investing billions to expand its emergency and high acuity service lines.

    By • Dec. 4, 2023