Category: ROOT

Why a California hospital's $10M loan request was rejected

Hollister, Calif.-based Hazel Hawkins Memorial Hospital narrowly avoided bankruptcy in November and is scrambling to find funding beyond the end of the year. The hospital faces closure early next year if it can’t find funding, and no help is coming fro…

New Mexico reaches $132M settlement with CVS, Walmart and Albertsons over opioid crisis

New Mexico reached a net $132 million agreement with CVS, Walmart and Albertsons over allegations the retail giants reaped large profits from selling addictive opioids to patients, the Albuquerque Journal reported Dec. 20.

Healthcare billing fraud: 8 recent cases

From a mistrial in a $158 million case, to a Georgia lab owner’s conviction in a $463 million Medicare scheme, here are eight healthcare billing fraud cases Becker’s has reported since Dec. 14:

Monmouth Medical Center could spend $650M+ on 'state-of-the-art' campus

Monmouth Medical Center, part of RWJBarnabas Health, has paid about $8 million to acquire a Trinton Falls, N.J., property from the Fort Monmouth Economic Revitalization Authority after more than four years of negotiations, the Asbury Park Press reporte…

WVU Medicine taps hospital CEO

Morgantown, W.Va.-based WVU Medicine has named John Sylvia president and CEO of Grant Memorial Hospital in Petersburg, W.Va. 

University Hospitals CEO wants to tap into staff's inner bookworm

Cliff Megerian, MD, CEO of Cleveland-based University Hospitals, launched a book club for employees that had its first in-person meeting this month. 

9 health systems hit with credit downgrades

A number of health systems experienced downgrades to their financial ratings in recent weeks amid ongoing operating losses, declines in investment values and challenging work environments.

US life expectancy at 25-year low, CDC says

Last year, the average life expectancy for Americans shortened by over seven months, according to new CDC data. 

Midwest health systems brace for winter storm

Hospitals and health systems in the Midwest are closely monitoring a winter storm, which is expected to produce a blizzard and has resulted in weather warnings across the region. The storm comes as Americans have made holiday travel plans.

Skepticism now starts at the top in one Florida hospital

Sarasota (Fla.) Memorial Hospital is undergoing significant changes to its governance with the election of three trustees who operate under the ideology of “medical freedom” and exercise skepticism about hospitals, clinicians and COVID-19 vaccines and …