Category: ROOT

CommonSpirit vs. Ascension vs. Trinity: How the 3 largest nonprofit systems' finances compare

The three largest nonprofit health systems, CommonSpirit Health (140 hospitals), Ascension (139 hospitals) and Trinity Health (88 hospitals), reported operating losses and margins in the red for the six months ending Dec. 31, but experienced slight imp…

Nurse practitioners working independently in EDs increase costs, hospitalizations: Study

Nurse practitioners delivering emergency care without physician supervision at the Veterans Health Administration increase patient stay time by 11 percent and raise preventable hospitalizations by 20 percent, according to a March 10 report from the Ame…

Ochsner Lafayette General's $16M VC fund: 5 things to know

Ochsner Lafayette (La.) General has a venture capital arm that supports emerging companies focused on data and deep learning, patient experience, value-based care and automating back-office functions.

Labor board files complaint against UPMC after nurse's termination

On March 3, the Region 6 office of the National Labor Relations Board filed a complaint against Pittsburgh-based UPMC and one of its subsidiaries, UPMC Altoona (Pa.), over allegations related to the termination of an agency nurse.

Precision Lenses to pay $43M for alleged anti-kickback law violations

The Cameron-Ehlen Group, an ophthalmological distributor doing business as Precision Lenses, has been ordered by a Minnesota jury to pay $43 million for allegedly violating anti-kickback laws, according to a March 9 report from JD Supra.

Silicon Valley Bank, which backed digital health companies, collapses

Silicon Valley Bank, which partnered with nearly half of the venture-backed tech and healthcare companies, collapsed March 10, CNN reported.

Franciscan Health names CEO of central Indiana market

Mishawaka, Ind.-based Franciscan Health, a 12-hospital system, has appointed Lori Price, RN, president and CEO of its central Indiana region.

Michigan healthcare workforce gets funding boost amid 27,000 vacant hospital jobs

Michigan Gov. Gretchen Whitmer has signed House Bill 4016, which will provide $75 million to recruit, retain and train the state’s healthcare workforce. 

Missouri physician sues former employer for slander, defamation

Randall Tobler, MD, is suing Memphis, Mo.-based Scotland County Hospital for slander and defamation after he was allegedly wrongfully terminated as CEO, ABC and CBS affiliate KHQA reported March 9. 

New Hampshire has lost 11 maternity wards since 2000 after Frisbie Memorial ends care

Eleven hospitals and health systems have closed their maternity wards since 2000, after Rochester, N.H.-based Frisbie Memorial Hospital reached an agreement with the state’s attorney general to close its labor and delivery services, NHPR reported March…