Category: ROOT

Overlake Hospital suffers downgrade as debt coverage challenge looms

Bellevue, Wash.-based Overlake Hospital Medical Center was downgraded on a series of bonds as the 310-bed hospital faces ongoing labor and inflationary challenges and the possibility of not meeting its debt coverage requirements, Moody’s said March 9.

With dual URAC accreditations, Arkansas Health Network can guide others, CEO says

Little Rock-based Arkansas Health Network recently became the first clinically integrated network to attain dual accreditation from URAC in clinical integration and employer-based population health. Now it wants to be a model for others. 

Baystate Health helped by strong market share, healthy balance sheet as ratings affirmed

Springfield, Mass.-based Baystate Health had various ratings affirmed at “A+” as it continues to enjoy strong market share and a robust balance sheet despite recent operating losses, Fitch Ratings said March 10.

The health crisis hospitals can't afford to ignore, per AMA's president

A burnout crisis has emerged among physicians that has widespread implications for clinicians and patients alike, Jack Resneck Jr., MD, American Medical Association president, wrote in an article March 9 on the organization’s website. He added that cha…

Washington Senate approves bill to raise struggling hospital's reimbursement rate

The Washington Senate approved a bill to raise Astria Toppenish (Wash.) Hospital’s Medicaid inpatient service reimbursement rates to 120 percent of the Medicaid fee schedule and outpatient reimbursement rates to 200 percent. 

CDC: Screen all adults for hepatitis B

The CDC recently updated its recommendations for hepatitis B infection testing, saying all adults should be tested at least once in their lifetime and a wider range should be periodically retested.

Ascension Texas taps Le Bonheur hospital exec as president of Dell Children's

Michael Wiggins was selected as the new president of Austin, Texas-based Dell Children’s, part of St. Louis-based Ascension’s Texas operations.

Ex-CEO charged in 'dummy' chronic pain device scheme

Federal investigators indicted the former CEO of a medical device company on March 9 in connection to a scheme that involved creating and selling a “non-functioning dummy” device that was implanted in patients with chronic pain, according to the Justic…

New York pressures retail pharmacies to provide abortion pills

New York Gov. Kathy Hochul and Attorney General Letitia James asked CVS, Walgreens and Rite Aid to promise they will sell the abortion medication mifepristone as other state attorneys general work to block the drug’s distribution. 

Merck sees success in new heart disease medication trial

Life sciences company Merck has seen an improvement in pulmonary arterial hypertension patients using its new signaling inhibitor sotatercept in a phase three clinical trial.