While hospital and health system CEOs are often the ultimate decision-makers at their organizations, collaboration with other C-suite members is key to successful and strategic choices. But executives do not always agree on everything.
Worcester, Mass.-based UMass Memorial Health and Gardner, Mass.-based Heywood Healthcare have called off merger plans, the Boston Business Journal reported Jan. 6.
Hospitals and health systems faced formidable margin declines in 2022 amid labor shortages, skyrocketing operating costs and declining inpatient volumes.
The No Surprises Act, aimed to protect patients against balance billing and create cost transparency, took effect Jan. 1, 2022, and the law has shifted how many physicians and ASCs provide care.
Margins will eventually rebuild to historic levels and a strong management team will help ensure so, Moody’s said of MedStar Health as the rating agency affirmed an “A2” credit rating with a stable outlook for the Columbia, Md.-based healthcare system.
More than two decades ago, the Institute of Medicine called the nation’s healthcare safety net “intact but endangered” and cited multiple factors contributing to its uncertain future, from a rising number of uninsured to a precarious fiscal environment.
Nashville, Tenn.-based Ardent Health Services is rolling out remote patient monitoring across its 30 hospitals and 200 other care sites through a partnership with health tech company Cadence.