Hershey, Pa.-based Penn State Health has named Sam Wetherill, PharmD, as its next vice president and chief pharmacy officer, effective Dec. 30.
Category: ROOT
Mass General Brigham hospital nurses reach labor deal
Registered nurses at Mass General Brigham’s Salem (Mass.) Hospital have reached a tentative labor contract with management.
Healthcare spending grew 7.5% in 2023: 8 things to know
In 2023, U.S. healthcare spending reached $4.9 trillion, reflecting a 7.5% increase — up from 4.6% growth the year prior — according to a new CMS analysis published online Dec. 18 by Health Affairs.
Device company to pay $1.67M for alleged kickbacks to ophthalmology practices
Device company ASD Specialty Healthcare, doing business as Besse Medical, has agreed to pay $1.67 million to resolve allegations it provided inventory management systems to ophthalmology practices at no cost to induce them to purchase drugs from Besse….
FDA deputy commissioner to step down
FDA Principal Deputy Commissioner Namandjé Bumpus, PhD, is stepping down from her role, marking one of the first significant leadership departures at the agency by the end of year, Inside Health Policy reported Dec. 17.
UnityPoint Health's operating margin improved to 4.2% in Q3
West Des Moines, Iowa-based UnityPoint Health reported an operating income of $54 million (4.2% margin) in the third quarter of 2024, up from a $16.4 million operating loss (-1.4% margin) during the same period last year, according to its Nov. 25 finan…
Kentucky anesthesiologist gets probation for illegal opioid prescription
A Louisville, Ky., anesthesiologist was sentenced to one year of probation after pleading guilty to illegal opioid distribution, WDRB reported Dec. 18.
California physician sentenced for $3.2M fraud scheme
A Santa Paula, Calif., physician has been sentenced to two years for defrauding Medicare of more than $3 million for medically unnecessary claims.
14 health systems reporting operating losses in Q3
Financial headwinds, such as rising labor and supply costs, continued to challenge health systems during the third quarter.
7 hospital, health system bankruptcies to know in 2024
Bankruptcies in healthcare hit a five-year high in 2023, when 12 hospitals and health systems filed for bankruptcy. This trend has slowed in 2024, as average operating margins have improved across the hospital sector.
