Salisbury, Md.-based TidalHealth had a debt rating outlook revised from stable to negative as the healthcare system continues to navigate operating losses, S&P Global said.
Category: ROOT
30 most admired healthcare companies
While tech companies Apple, Amazon and Microsoft took top spots on the 2023 “World’s Most Admired Companies” list released by Fortune on Feb. 1, healthcare-related companies were also included.
65% of rural hospitals confident they will not merge with larger group, report says
Despite the issues facing rural healthcare providers, 65 percent of rural hospitals are confident that they will not merge with a larger organization in the next five years, according to a new report from accounting firm Wipfli.
9 hospitals closing departments or ending services
Several healthcare organizations have recently closed medical departments or ended services at facilities to shore up finances, focus on more in-demand services or address staffing shortages.
New Jersey hospital fills chief medical officer role after yearlong vacancy
Holy Name Medical Center in Teaneck, N.J., has appointed Vasantha Kondamudi, MD, as chief medical officer, effective Jan. 30, according to NJ Advance Media.
Fed raises interest rates 0.25%, expects 'ongoing' increases
The Federal Reserve has raised its benchmark interest rate by 0.25 percent and indicated that more increases could be coming before it drops the rates.
UnitedHealthcare's 2023 outpatient procedure code changes
UnitedHealthcare made changes to its outpatient procedure group mapping that went into effect Jan. 1.
Orthopedic ASC raises costs $10M, pushes construction timeline
Iowa City, Iowa-based Steindler Orthopedic Clinic’s upcoming ASC in North Liberty, Iowa will cost about $10 million extra, and construction is expected to take a year longer than originally planned, The Gazette reported Feb. 2.
Tower Health to sell 17 urgent care centers
West Reading, Pa.-based Tower Health hopes to cement a deal to sell 17 of its urgent care centers in the coming months, the Philadelphia Business Journal reported Feb. 1
Maine's largest hospital ends fundraising campaign after exceeding goal
Portland-based Maine Medical Center, part of the MaineHealth system, is ending its multiyear fundraising campaign to help with facility expansion after raising more money than it originally planned.
