Cleveland Clinic posted a $1.2 billion net loss in 2022 — down from a net gain of $2.2 billion the prior year — as losses from investments ate into its bottom line, according to financial results released March 1.
Category: ROOT
5 former hospital C-suite leaders who work for One Medical
Even though it’s now owned by a Big Tech company trying to disrupt healthcare, One Medical grew to the point of being acquired by Amazon for billions of dollars under the leadership of several former hospital and health system executives.
New York health system sued by terminated physician
Warsaw, N.Y.-based Wyoming County Community Health System is being sued by a physician who was terminated more than a year ago, The Buffalo News reported March 1.
Lifepoint acquires 4 inpatient rehab facilities
Brentwood, Tenn.-based Lifepoint Health has acquired four inpatient rehabilitation facilities from Dallas-based Everest Rehabilitation Hospitals.
The hospital CEOs throwing their weight behind gun safety efforts
In the wake of shootings across the U.S., about 50 leaders of some of the nation’s largest health systems and hospitals are pledging efforts to address gun violence.
Texas hospital set to close, asks University Health to take over
San Antonio-based Texas Vista Medical Center, part of Dallas-based Steward Health Care, is set to close May 1, barring a takeover or significant relief package.
AWS bets big on open-source machine learning
As the artificial intelligence arms race heats up between Big Tech companies, Amazon Web Services is looking to develop more open-source machine learning capabilities through a partnership with Hugging Face, VentureBeat reported Feb. 28.
Iowa health systems combine
Davenport, Iowa-based Genesis Health System is now part of MercyOne, the West Des Moines, Iowa-based subsidiary of Trinity Health.
ASCs should prepare for a drop in this procedure's volume
As gastroenterology technology develops, some healthcare leaders are concerned about how the updates will affect procedure volume.
Too few Americans are screening for colon cancer
Only 21 percent of Americans 45 years old and older have gotten their first colonoscopy on time, a new survey found, yet 59 percent say they are worried about getting colon cancer.
