Category: ROOT

Highs of 4.3% to lows of -3.5%: How hospital margins dipped over 12 months

Hospitals continue to feel the pinch from high expenses offsetting revenues, especially in relation to the cost of labor, leading to another month of negative operating margins for many, according to Kaufman Hall’s November “National Hospital Flash Rep…

Healthcare adds 45K jobs in November; 2022 growth strong compared to 2021

Healthcare employment continued to grow in November, although at a slower pace, according to the latest jobs report from the U.S. Bureau of Labor Statistics.  

CHS’ Wayne Smith drops ‘executive’ from board chair role

Community Health Systems’ Wayne T. Smith will retire from the role of executive chairman of the board of directors and carry on as non-executive chairman of the board, effective Jan. 1, 2023. 

CommonSpirit says hackers accessed patient medical records from Virginia Mason Franciscan Health

Chicago-based CommonSpirit said during its Oct. 2 ransomware attack, an unauthorized third party gained access to files containing patients’ personal information from one of its affiliates, Seattle-based Virginia Mason Franciscan Health.

How Bon Secours Mercy Health’s president built a 32-year career — and guided a significant merger

For Brian Smith, home has always been Bon Secours Mercy Health. He spent 32 years at the system, serving in human resources and operations roles before becoming integral to the merger that created one of the nation’s largest Catholic health systems. 

6 recent hospital, health system COO moves

Here are six hospital and health system COO moves that have been reported by Becker’s since Nov. 9:

Merck VC arms backs UCLA digital pathology spinoff in $15.2M funding round

PictorLabs, a digital pathology spinoff from Los Angeles-based UCLA, has launched with $18.8 million in funding.

State of Oregon to review $3.9B Amazon-One Medical deal

The state of Oregon is reviewing Amazon’s proposed $3.9 billion acquisition of membership-based primary care company One Medical.

General Catalyst leads $67M funding round for clinical trials startup Vial

General Catalyst has led a $67 million series B funding round for digital clinical trials startup Vial.

Administrator of the week: Jessica Rodriguez, 'a diligent worker with a keen sense for detail'

Jessica Rodriguez, administrator and executive director of OAM Surgery Center at Midtowne in Grand Rapids, Mich., is Becker’s ASC administrator of the week.