Hospitals: Page 28
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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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TrendlineSurprise Billing
Federal legislation banning surprise bills has hit a barrage of roadblocks, complicating efforts to protect consumers from unexpected out-of-network charges.
By Healthcare Dive staff -
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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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UCSF Health to acquire two Dignity hospitals in San Francisco
The purchase comes as Dignity’s parent CommonSpirit Health has struggled financially, posting a $441 million operating loss in its first quarter.
By Emily Olsen • Feb. 6, 2024 -
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HCA Healthcare taps new CIO
The announcement comes a week after the for-profit operator also announced a replacement for its CFO.
By Sydney Halleman • Feb. 6, 2024 -
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Healthcare job growth reached three-decade high in 2023
The sector added 650,000 jobs over the year — its most prolific year of growth in decades.
By Susanna Vogel • Feb. 5, 2024 -
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Providence erases or refunds $158M in medical bills
The Renton, Washington-based nonprofit health system plans to spend millions to settle allegations it skirted charity care obligations between 2018 and 2023.
By Susanna Vogel • Feb. 2, 2024 -
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Saint Peter’s signs definitive agreement to join Atlantic Health System
The agreement comes about six months after the New Jersey health systems announced plans to combine.
By Emily Olsen • Updated June 26, 2024 -
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UCI Health completes $975M purchase of 4 Tenet hospitals
Tenet's latest hospital sale comes as the operator looks to pare down its debt.
By Susanna Vogel • Updated March 28, 2024 -
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CHS migrates to Google Cloud data platform, adopts generative AI tools
The for-profit hospital operator said it will use the artificial intelligence in operations tracking, clinical documentation and administrative tasks.
By Emily Olsen • Jan. 31, 2024 -
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Advocate taps new chief people, culture officer
Effective March 18, Nakesha Lopez will lead human resource and people programs for the 68-hospital nonprofit.
By Sydney Halleman • Jan. 30, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
HCA beats Q4 expectations, outlines 2024 expansion
Executives also announced the retirement of longtime CFO Bill Rutherford during a Tuesday earnings call.
By Susanna Vogel • Jan. 30, 2024
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