St. Luke’s, based in Duluth, Minnesota, and Aspirus Health, based in Wausau, Wisconsin, have taken a step closer to merging by signing a definitive agreement to create a formal affiliation, which would result in a new 19-hospital health system.
The pro…
Rite Aid Corporation has filed for Chapter 11 bankruptcy and has received a commitment for $3.45 billion in new financing to implement a financial restructuring plan.
The plan would significantly reduce the company’s debt, Rite Aid said, including the…
Hospitals and health systems have been under extreme financial pressure since 2022, when median operating margins remained in negative territory for the full year. And while the picture has improved somewhat this year, these challenges spurred about a …
Kaiser Foundation Health Plan, run by Kaiser Permanente, and the California Department of Managed Health Care (DMHC) have reached a $200 million settlement agreement to make significant changes to the plan’s delivery of behavioral healthcare services….
Kaiser Permanente labor unions representing 85,000 healthcare workers reached a tentative agreement with the health system Friday across seven states and the District of Columbia.
Both sides credited Acting Secretary of Labor Julie A. Su in reaching an…
Essential hospitals – more than 300 of the nation’s largest safety net providers and about 5% of all U.S. acute-care hospitals – provided more than a quarter of all charity care nationally in 2021, but charity and other uncompensated care left these ho…
The Centers for Medicare and Medicaid Services has released the Medicare Advantage, Part C and Medicare Part D Star Ratings that rank MA plans by the quality of health and drug services received by consumers.
Thirty-one contracts for both Medicare Adva…
Twenty-three critical access hospitals have come together to form a rural clinically integrated network.
Walgreens Boots Alliance has plans to cut over $1 billion in 2024 and to shutter 60 healthcare clinics in unprofitable markets.
The company reported fourth quarter operating losses of $450 million, compared to $822 million operating losses during the f…
With subsidiary Optum leading the way, UnitedHealth Group posted $5.8 billion in profit for the third quarter, a slight increase over last year’s Q3 figure, and raked in $92.4 billion in revenue, a 14% increase over the year prior, according to the lat…
