State College, Pa.-based Mount Nittany Medical Center saw its credit rating downgraded to “A+” amid concern about its capital expenditure plans, Fitch Ratings said Jan. 31.
Category: ROOT
Mayo Clinic acquires stake in digital health company Xsensio
Rochester, Minn.-based Mayo Clinic has entered into a know-how and stock purchase agreement with digital health company Xsensio to develop wearables for critical care.
Nearly 1K drug prices rose in January
So far in 2023, pharmaceutical companies have raised prices on 988 brand-name drugs for an average 5 percent wholesale acquisition cost increase, according to 46brooklyn Research, a nonprofit that tracks drug pricing data.
New Jersey hospital 1st to receive Joint Commission perinatal care certification
Hackensack (N.J.) University Medical Center is the first in the nation to earn The Joint Commission’s Advanced Certification in Perinatal Care, which recognizes exceptional outcomes for mothers and infants.
Ohio physician pleads guilty to writing illegal prescriptions, healthcare fraud
Jeffrey Sutton, DO, has pleaded guilty to 31 counts of illegally prescribing controlled substances, one count of illegally distributing controlled substances and 20 counts of healthcare fraud.
City of Hope to rebrand its Cancer Treatment Centers of America locations, restructure leadership to support integration
City of Hope today announced that its subsidiary, Cancer Treatment Centers of America, will soon undergo a large-scale rebrand. This comes as a part of the next phase in the health system’s integration with CTCA, which it acquired just under one year a…
CaroMont Health reports positive income for 2nd straight year
Gastonia, N.C.-based CaroMont Health, which holds an “AA-” credit rating, reported net income of $10.3 million for the six months ended Dec. 31, 2022. That figure compared with net income of $40.4 million in the same period in 2021.
Brigham and Women's nurses to highlight patient care concerns amid Magnet visit
Members of the Massachusetts Nurses Association at Boston-based Brigham and Women’s Hospital plan to hold an informational picket Feb. 1 to highlight their concerns related to patient care and working conditions at the facility.
3 things health systems can do to ease the nursing crisis, per top nurse execs
Burnout, violence and staffing shortages are just a few of the most pressing challenges the nation’s 4 million nurses are facing. It’s no question that these are pertinent to address across the healthcare sector nationwide, but what remains to be agree…
7 RCM headlines to know from January
From health systems outsourcing revenue cycle employees to Confier’s CEO announcing his retirement later this year, here are seven RCM headlines to know from January:
