Category: ROOT

Jefferson Health president departing for Highmark Health

Bruce Meyer, MD, president of Jefferson Health in Philadelphia and senior executive vice president of Thomas Jefferson University, has accepted a new role with Pittsburgh-based Highmark Health overseeing payer-provider strategy.

Tech layoffs indicate worsening economic headwinds

Recent layoffs at Lyft, Intel, Twitter, and a corporate hiring freeze at Amazon indicate a worsening economic outlook for big tech, the Wall Street Journal reported Nov. 4.

Walgreens CEO calls Summit Health deal ‘transformational’: 5 key moves behind it

VillageMD, the primary care disruptor controlled by Walgreens Boots Alliance, is set to acquire physician practice group Summit Health in a $8.9 billion transaction, which in turn will give Walgreens one of the biggest stakes in the combined company.&n…

Growth of cross-market hospital systems could have anticompetitive effects, study finds

Cross-market hospital systems have been on the rise, potentially decreasing competition between systems, researchers in a Nov. 7 Health Affairs study found. 

St. Louis hospital owner accused of diverting $1.4M of hospital funds

The owner of a St. Louis-based hospital is accused in a lawsuit of diverting funds meant to improve the hospital, according to the St. Louis Business Journal.

Oak Street reports $130M net loss even as revenues rise significantly

Oak Street Health, which operates a network of over 160 primary care clinics for Medicare patients across 21 states, reported a net loss of $130.4 million for the third quarter ending Sept. 30. The net loss for the first nine months of the year was $37…

R1 RCM names new CEO, president

R1 RCM President Lee Rivas will take over the role of CEO on Jan. 1, when current CEO Joseph Flanagan steps down from the position. 

One GI expands Ohio presence

Nashville, Tenn.-based One GI has expanded its Ohio presence through a partnership with Gastroenterology and Hepatology Specialists in Canton. 

3 hospitals mulling rural emergency hospital conversions

CMS recently announced the final rule for the emergency rural hospital designation, which is set to go into effect Jan. 1, 2023. 

3 organizations that received GI Genius modules in October

Three organizations Becker’s has reported on have installed Medtronic’s GI Genius AI endoscopy module in the last month.