Phoenix-based Banner Health, a 33-hospital system, transformed a $46 million operating loss in the same period last year into a $128 million gain in the quarter ending March 31.
Category: ROOT
Ohio's UC Health endures 2nd credit downgrade in months
Cincinnati-based UC Health was downgraded on a series of bonds, Moody’s said May 10.
Top-earning CEOs, CFOs at for-profit systems — HCA, Tenet, CHS and UHS
Few bonuses were paid to executives at some of the country’s largest for-profit health systems in 2022 as hospital margins plummeted due to labor challenges, declining patient volumes, inflation and the rising costs of medical products.
What to know about clinical trials
Think of all the once-worrisome ailments that are now afterthoughts thanks to clinical trials.
The cost-cutting strategies ASCs need to know
In an increasingly consolidating industry, ASCs must remain sharply focused on cost containment, according to Raghu Reddy, chief administrative officer of Cumberland-based SurgCenter of Western Maryland.
Ups and downs: How investment returns are, for now, helping health systems' bottom lines
Recent nonprofit hospital and health system financial results, several exceptions aside, have by and large shown some notable improvement in operating income.
Laguna Honda hospital granted final extension to avoid shutdown
San Francisco-based Laguna Honda Hospital was granted its third and final extension May 18 as it attempts to avoid being shut down, the San Francisco Chronicle reported.
West Virginia hospital to close long-term care unit
Welch (W.Va.) Community Hospital is looking to close its long-term care unit, according to the West Virginia health department.
Put nurses in charge of patient safety, says Joint Commission surveyor
National Nurses Week or Month has to be more than a luncheon, a poster contest or even distributing hospital swag. Celebrating the nursing profession means examining how nurses are “uniquely prepared” to be leaders when it comes to improving quality ca…
UHS to pay cash dividend to shareholders
King of Prussia, Pa.-based Universal Health Services’ board of directors have voted to pay a cash dividend of $0.20 per share on June 15 to shareholders of record as of June 1.
