Category: ROOT

8 hospitals, health systems shrinking, restructuring leadership teams

At least eight hospitals and health systems announced changes to executive ranks and administration teams in March. 

Health tech company CoverMyMeds to lay off 815 employees

Health tech company CoverMyMeds plans to let go of 815 employees and close one of its offices, The Columbus (Ohio) Dispatch reported.

Epic to use Microsoft's Open AI in EHRs

Epic said it will use Nuance Communications’ Dragon Ambient Experience Express, a clinical documentation application that uses OpenAI’s newest model, GPT-4, in its EHRs. 

Iowa governor throws rural hospitals a lifeline

Iowa Gov. Kim Reynolds took action March 28 to help rural healthcare facilities stay afloat during challenging economic times.

PE firm inks 11-hospital real estate deal for $859M

Australian private equity firm HMC Capital has inked a $859 million deal to acquire 11 U.S. hospital properties from Birmingham, Ala.-based Medical Properties Trust, the Financial Review reported March 29.

Novant lays off 50, including executives

Winston-Salem, N.C.-based Novant Health has laid off about 50 workers, including multiple C-level executives, the health system confirmed to Becker’s March 29. 

Cleveland Clinic London appoints physician as president

Cleveland Clinic London, which opened in March 2022, has appointed Robert Lorenz, MD, as president. He will assume the role June 1. 

Penn Medicine affiliate lays off less than 1% of workforce amid financial struggles

Penn Medicine Lancaster (Pa.) General Health has eliminated fewer than 65 jobs, or less than 1 percent of its workforce of about 9,700, the health system confirmed to Becker’s. 

OU Health halts 401(k) contributions, adjusts paid time off

Oklahoma City-based OU Health is stopping its contributions to employee retirement plans and adjusting paid vacation allowances in a bid to cut costs, management told investors March 29.

Nurse, 7 officers charged in death of man who refused blood draw

A nurse and seven California Highway Patrol officers have been charged with involuntary manslaughter after the death of a man who was court ordered to have a blood draw in 2020, NBC News reported March 29.