Hospitals: Page 42

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    Wikipedia
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    Cleveland Clinic losses top $1.5B amid inflation pressures

    Hospital operators are continuing to report rising losses in a tricky operating environment, with staffing shortages and high labor costs pressuring finances.

    By • Dec. 1, 2022
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    Mario Tama via Getty Images
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    Hospitals to end year with negative margins, Kaufman Hall reports

    Systems face continued staffing shortages and fewer discharges amid increased expenses, according to Kaufman Hall’s report.

    By Hailey Mensik • Nov. 30, 2022
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    Yujin Kim/Healthcare Dive
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    Trendline

    Payer/provider relationships

    As M&A intensifies and companies embrace more holistic and value-based care models, partnerships have become more closely intertwined.

    By Healthcare Dive staff
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    Brandon Bell via Getty Images
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    Travel nurse pay remains high as hospitals fill gaps from staff departures

    Demand for contract labor is now being driven by core staff vacancies, rather than high volumes of COVID-19 patients.

    By Hailey Mensik • Nov. 30, 2022
  • The MetroHealth Glick Center in downtown Cleveland at sunset
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    Courtesy of MetroHealth
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    Ousted MetroHealth CEO, facing embezzlement allegations, sues hospital over termination

    Akram Boutros’ lawsuit alleges that MetroHealth’s board members were participating in secret deliberations outside of public meetings, violating the law during the hiring process for incoming CEO Airica Steed.

    By • Nov. 30, 2022
  • The front opening to Advocate Aurora Healthcare's Two Rivers, Wisconsin, hospital.
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    Asher Heimermann. Retrieved from Wikimedia Commons.
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    Advocate Aurora plans to hike rates at Wisconsin locations

    The Midwest hospital system said the increases are necessary to offset continued market and industry challenges compounded by inflation, inadequate reimbursement rates and ripple effects from the COVID-19 pandemic.

    By Susan Kelly • Nov. 30, 2022
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    CMS warns hospitals must protect staff, patients from violence

    Hospitals must effectively mitigate risks to ensure patients and staff are safe as part of their Medicare certification, the agency said in a Monday memo, noting that some facilities have received citations for failing to do so.

    By Hailey Mensik • Nov. 29, 2022
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    AdventHealth claims victory in fight for new hospital in North Carolina

    The Florida-based health system elbowed out two competitors to build a hospital for residents around the Asheville area.

    By • Nov. 23, 2022
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    Midwest health systems on track to merge

    At a time when the pace of healthcare mergers has slowed, Bellin Health and Gundersen Health System are forming a system of 11 hospitals.

    By Susan Kelly • Nov. 23, 2022
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    Q&A

    How digital and information officers are shaking up health systems

    Healthcare Dive caught up with Providence’s Sara Vaezy and Intermountain’s Craig Richardville just months into their tenure to discuss the challenges and opportunities ahead as patients have come to expect more digital access.

    By • Nov. 23, 2022
  • The MetroHealth Glick Center in downtown Cleveland at sunset
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    Courtesy of MetroHealth
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    MetroHealth fires CEO Akram Boutros over almost $2M in unreported bonuses

    Boutros has denied all allegations of embezzlement. His lawyer said his firing was “the latest of a series of retaliatory acts” against Boutros after he raised concerns over the “unauthorized hiring of the new CEO.”

    By • Nov. 23, 2022
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    Adeline Kon/Healthcare Dive/Healthcare Dive
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    Surprise Billing

    Lawmakers object to latest surprise billing rule, call for changes

    House Ways and Means Committee leaders “are severely disappointed to find that the August 2022 final rule violates the No Surprises Act in the same ways as before,” they wrote in a letter to regulators last week.

    By • Nov. 22, 2022
  • A rendering of Providence's expansion in southern California.
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    Permission granted by Providence
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    Providence closes 27 retail clinics in Southern California

    The healthcare system said the clinics were losing money as they attracted fewer patients. Labor shortages, inflation and an increasingly competitive retail health industry are also to blame.

    By Susan Kelly • Nov. 22, 2022
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Intermountain ekes out slim profit, weighed down by supply, labor costs

    The Salt Lake City-based system, which merged earlier this year with Colorado-based SCL Health, said labor expenses are up 45% from a year ago.

    By Susan Kelly • Nov. 22, 2022
  • Lifespan named John Fernandez as its newest CEO.
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    Lifespan brings on Mass General Brigham executive as new CEO

    John Fernandez will assume the role early next year, replacing Timothy Babineau, who held the position for more than a decade.

    By Hailey Mensik • Nov. 21, 2022
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    Christian Petersen/Getty Images via Getty Images
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    Mayo Clinic income slumps as expenses climb in Q3

    Expenses outpaced revenue growth as the Minnesota-based health system became the latest provider to report a recent drop in operating income.

    By Susan Kelly • Nov. 21, 2022
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    Brandon Bell/Getty Images via Getty Images
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    Epic ensnared in Texas probe of parental access to teen medical records

    The state is at the forefront of an intensifying legal battle over the rights of transgender and non-binary children to gender-affirming healthcare.

    By Susan Kelly • Nov. 21, 2022
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    Jens Schlueter via Getty Images
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    22 states petition CMS to repeal health worker vaccine mandate

    The states argued in the petition, led by Montana’s attorney general, that the requirement has led to worsening staffing shortages in the sector, particularly in rural states.

    By Hailey Mensik • Nov. 18, 2022
  • The front opening to Advocate Aurora Healthcare's Two Rivers, Wisconsin, hospital.
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    Asher Heimermann. Retrieved from Wikimedia Commons.
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    Advocate Aurora remains in the red with reduced investments, higher labor costs

    The nonprofit health system’s results add to the chorus of hospital providers reporting continued labor challenges.

    By • Nov. 18, 2022
  • Nurses hold signs reading "patients before profits" while picketing outside a hospital.
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    Permission granted by Minnesota Nurses Association
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    15K Minnesota nurses could strike again

    Nurses at 15 hospitals in Minnesota walked off the job for three days in September but later returned to work without new contracts. On Nov. 30, they’ll vote on whether to authorize another strike.

    By Hailey Mensik • Nov. 18, 2022
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    Getty Images
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    Cleveland Clinic billing for certain messaging on MyChart

    Patient messaging on the portal has doubled since 2019, prompting the system to start billing for those that require more time and expertise.

    By Hailey Mensik • Nov. 17, 2022
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    Permission granted by Intermountain Healthcare
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    Intermountain promotes COO to top job after Harrison’s departure

    Intermountain has tapped Rob Allen, a longtime executive of the Utah-based health system.

    By • Nov. 17, 2022
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    Mario Tama via Getty Images
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    Preventable hospital patient safety events declined over past decade, Leapfrog Group says

    Incidents of falls and trauma and of objects unintentionally left in a body after surgery decreased by about 25% since 2012, according to the group that assigns letter grades to hospitals.

    By Hailey Mensik • Nov. 16, 2022
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    CommonSpirit posts $400M loss due to higher labor costs, dip in volumes

    The health system said its payer mix has softened, as revenue from commercial members dropped compared to the first quarter of last year.

    By • Nov. 16, 2022
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    Sanford Health inks merger deal after failed Intermountain bid

    The deal, which is expected to close next year, will create a system with annual revenue of about $14 billion.

    By • Nov. 15, 2022
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    Fitch downgrades TeamHealth as ER volumes, pricing face pressure

    TeamHealth staffs healthcare facilities nationwide and is among the bigger players in the sector. ER staffing represents the majority of TeamHealth’s revenue from contracted physician services, according to Fitch.

    By • Nov. 15, 2022