Portland-based MaineHealth reported operating income of $16 million as it revealed almost $1 billion in revenue for the quarter ending Dec. 31.
Category: ROOT
Senators introduce bill to expand physician-led hospitals
A proposed bill in the U.S. Senate would expand the rights of physician-owned hospitals — including some privileges that were rescinded more than a decade ago.
How ophthalmologists feel about biosimilars
The first ophthalmologic biosimilar did not launch in the U.S. until July 2022, and some prescribers are still cautious about their uses, according to Cardinal Health’s 2023 “Biosimilars Report,” which surveyed over 350 providers in four physician spec…
VA may further delay Oracle Cerner EHR rollouts because of academic affiliations
A U.S. Department of Veterans Affairs official said the rollout of the Oracle Cerner EHR could be delayed further because of its research functionality and academic affiliations, FedScoop reported Feb. 22.
Orlando Health reveals overall gain of almost $265M amid strong revenue numbers, investments
Orlando (Fla.) Health reported operating income of $78.6 million on the back of improved revenues totaling approximately $1.37 billion for the quarter ending Dec. 31.
2 Florida physicians spend $1.8M on 7th medical office building acquisition in a year
Verax Daniels, an entity related to Verax Investments owned by Orlando-based neurosurgeon Ravi Gandhi, MD, and urologist Javier Miller, MD, has acquired 3.6 acres of vacant property in Winter Garden, Fla., for $1.8 million, its seventh medical office b…
New Jersey medical office building sold
A 3,400-square-foot medical office building in Hamilton, N.J., has been sold by Fennelly Associates, according to a Feb. 22 report from roi-nj.com.
Florida physician to pay $190K to settle controlled substances violations
Pensacola, Fla.-based Timothy Ramsden, MD, has agreed to settle his alleged violation of the Controlled Substances Act with a $190,731 fine, the Justice Department said Feb. 22.
Texas health group to pay $21.6M to settle improper billing allegations
Dallas-based Cornerstone Healthcare Group and Houston-based Cornerstone Hospital Medical Center have agreed to pay more than $21.6 million to settle claims that the long-term acute care facility improperly billed Medicare.
Children's Healthcare of Atlanta expansion could add 1,000 new jobs
The completion of the Arthur M. Blank Hospital could bring 4,500 jobs to Children’s Healthcare of Atlanta’s North Druid Hills campus, including 1,000 new positions, the Atlanta Business Journal reported Feb. 21.
