Hospitals: Page 31


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    Washington hospitals sue state over expanded interpretation of a charity care law

    A state hospital association says the updated charity care guidance, which would require facilities to offer subsidized care for patients regardless of residency, risks making Washington a “medical tourism destination."

    By Susanna Vogel • Oct. 19, 2023
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    Henry Ford, Ascension enter joint venture to create $10.5B system

    The no-cash deal will combine Detroit-based Henry Ford Health with Ascension’s southeast Michigan and Genesys healthcare facilities and create an organization spanning more than 550 sites.

    By Oct. 19, 2023
  • 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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    Atrium Health ends policy of suing patients for unpaid medical debt

    The North Carolina-based health system sparked controversy by filing 2,482 lawsuits against patients with medical debt between 2017 and 2022.

    By Susanna Vogel • Oct. 17, 2023
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    Financial distress is driving health system M&A, Kaufman Hall reports

    More than a third of transactions announced in the third quarter included a party that cited financial distress as a reason behind the deal.

    By Oct. 17, 2023
  • As turnover continues to be a problem for financial leaders, the demand for quick replacement is skyrocketing.
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    Healthcare worker exodus continued through 2022, new data shows

    Physicians accounted for nearly half of departures from 2021 through 2022, with staffing shortages putting care quality at risk, according to a new report from Definitive Healthcare.

    By Susanna Vogel • Oct. 17, 2023
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    California sets $25 per hour minimum wage for healthcare workers

    The law, backed by healthcare unions, is expected to affect approximately 469,000 healthcare workers and will be phased in over the next several years.

    By Susanna Vogel • Oct. 16, 2023
  • Caroline Lucas speaks at a Coalition of Kaiser Permanente Unions conference in Los Angeles in August 2023
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    Kaiser workers ratify new contract, ending prolonged labor conflict

    The agreement raises wages for 85,000 union workers by 21% over four years. It's the culmination of months of labor unrest, including a historic strike.

    By Susanna Vogel • Updated Nov. 9, 2023
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    CFO Editorial Staff
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    UnityPoint Health, Presbyterian Healthcare Services call off cross-market merger

    Amid financial woes and the exit of key executives, Presbyterian Healthcare Services and UnityPoint Health have decided against pursuing a merger, which would have formed a system of nearly 50 hospitals. 

    By Susanna Vogel • Oct. 13, 2023
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    Sanders criticizes nonprofit hospitals for not providing enough charity care

    The report from the Chair of the Senate HELP Committee calls for more federal oversight into nonprofit hospitals' charity care, accusing the systems of providing "paltry amounts" of charity care

    By Oct. 12, 2023
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    Courtesy of Sutter Health
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    HLTH23

    Sutter unveils Bay Area innovation center as nonprofit leans toward VC

    In an interview on the center’s launch, Sutter’s chief innovation officer also said that venture firm General Catalyst, which announced plans to buy a health system this week for product testing, will face "real trial and error.”

    By Oct. 11, 2023
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Ascension faces negative outlooks following weak earnings

    Both Fitch Ratings and S&P recently affirmed negative ratings for Ascension. However, the credit agencies said the nonprofit health system could rebound.

    By Susanna Vogel • Oct. 10, 2023
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    Rebecca Pifer/Healthcare Dive
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    HLTH23

    General Catalyst wants to buy a health system as testing ground for new venture

    The impending purchase is part of a new health business being spun out by General Catalyst, called the Health Assurance Transformation Corporation.

    By Oct. 9, 2023
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    Kaiser and unions reach ‘tentative agreement’ after historic strike

    On Friday morning, Kasier Permanente and unions announced they reached a “tentative agreement” on new contract terms for 75,000 healthcare workers. The possible deal follows a three-day strike.

    By Susanna Vogel • Updated Oct. 13, 2023
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    Q&A

    Leadership 101: Emeritus Healthcare’s Ranil Herath on the skills executives need in 2023

    Herath, president of education program provider Emeritus Healthcare, discussed healthcare executive burnout and the skills clinicians need in an age of virtual care and AI-powered tools.

    By Brian T. Horowitz • Oct. 6, 2023
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    Novant Health cuts 160 jobs, citing a ‘challenging healthcare environment’

    The layoffs come after the North Carolina-based nonprofit system reported rising salary and employee benefit expenses in quarterly earnings this year.

    By Susanna Vogel • Oct. 6, 2023
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    Permission granted by GE HealthCare
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    Q&A

    GE HealthCare imaging CEO Jan Makela talks Mayo Clinic partnership

    GE and Mayo Clinic plan to collaborate on imaging, artificial intelligence and cancer treatment.

    By Elise Reuter • Oct. 6, 2023
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    Physician burnout rate doubled between 2019 and 2021, study finds

    Women physicians, less tenured clinicians and those working in primary care were more likely to report higher levels of burnout, according to research published in JAMA Network Open.

    By Susanna Vogel • Oct. 6, 2023
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    How Memorial Sloan Kettering is consolidating its supply chain

    The health system is leveraging data to improve forecasting, in addition to streamlining its reporting and purchasing procedures, to consolidate its supply chain operations.

    By Deborah Abrams Kaplan • Oct. 5, 2023
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    Opinion

    Hospitals and digital health companies: making an emulsion from oil and water

    Andreessen Horowitz partner Julie Yoo and Bassett Healthcare executive Paul Uhrig share their playbook for digital health entrepreneurs looking to partner with health systems.

    By Julie Yoo and Paul Uhrig • Oct. 5, 2023
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    Top healthcare conferences in 2024

    From digital health events to payer and provider summits, here are upcoming healthcare conferences for the organized executive to keep in mind.

    By Updated Dec. 4, 2023
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    McLaren Health Care confirms ransomware attack

    The Grand Blanc, Michigan-based health system is investigating whether some of its data is available on the dark web.

    By Oct. 4, 2023
  • Mergers and acquisitions
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    Froedtert signs deal with Ascension Wisconsin to take full ownership of health plan

    The Milwaukee-based health system plans to buy the remaining 50% stake in Network Health, which offers commercial and Medicare plans in 23 Wisconsin counties.

    By Oct. 4, 2023
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    ‘Labordemic’ to continue for nonprofit hospitals into next year, report finds

    Expense management will be key for nonprofit hospitals as high labor costs are likely contribute to weaker margins in 2023 and 2024, according to a new report from Fitch Ratings.

    By Susanna Vogel • Oct. 4, 2023
  • Caroline Lucas speaks at a Coalition of Kaiser Permanente Unions conference in Los Angeles in August 2023
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    75,000 Kaiser Permanente workers begin strike as negotiations continue

    Kaiser Permanente workers began the largest strike in the industry's history on Wednesday morning after contract negotiations failed to produce a new agreement.

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

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    Trinity Health expenses surpassed operating revenue in fiscal year 2023

    The nonprofit’s contract labor expenses continued to grow following “unprecedented highs” last year.

    By Susanna Vogel • Oct. 3, 2023