Category: ROOT

Mayo, Mercy lead funding round for clinical AI company

The investment arms of Rochester, Minn.-based Mayo Clinic and Chesterfield, Mo.-based Mercy joined in a $7.7 million series A funding round for clinical artificial intelligence company Lucem Health.

One GI partners with Gastroenterology Associates of Tidewater

Management services organization One GI has partnered with Gastroenterology Associates of Tidewater in Chesapeake, Va., furthering its reach in the state. 

Maternal, newborn deaths and stillbirths are 'extraordinarily high': WHO

Every 7 seconds a woman or newborn dies from health complications, according to a new report from the World Health Organization.

ProMedica deals with credit downgrade amid 'precarious' financial state

Toledo, Ohio-based ProMedica has had its ratings on various bonds and its default grade downgraded to “BB-” from “BB+,” Fitch Ratings said May 9.

ASCA to offer virtual administrator development program

The Ambulatory Surgery Center Association will offer two classes of its ASC Administrator Development Program — as a hybrid and virtual option, according to the organization’s website. 

Troubled Cano Health records $60.6M loss in Q1

Miami-based Cano Health, a value-based care provider, reported a $60.6 million net loss for the first quarter 2023 on increased revenue of $866.9 million.

Cigna in the headlines: 4 updates to know

Here are four Cigna updates reported by Becker’s since Feb. 20:

CEO to retire after brief tenure at Texas hospital

Michael Ellis will retire as CEO of Navarro Regional Hospital in Corsicana, Texas, on May 26. 

Nurse pleads guilty to replacing vials with saline while working at Wisconsin hospital

A former nurse at SSM Health St. Mary’s Hospital in Janesville, Wis., has pleaded guilty to tampering with vials of fentanyl while working at the facility in 2021, the U.S. Attorney’s Office for the Western District of Wisconsin said May 8. 

In-office labor isn't cheap; companies are willing to pay for it

Organizations are tightening the reins on remote work as productivity concerns linger. Some workplaces are shelling out thousands in relocation assistance to lure employees back to the office, The Wall Street Journal reported.