Chicago-based CommonSpirit, which reported an operating loss Nov. 15 of $441 million for the first quarter of fiscal 2024, saw its salaries, wages and benefits increase 3.9% over the same period last year.
Category: Static
Baxter Health cut 155 positions through attrition, CEO says
Ron Peterson, CEO of Mountain Home, Ark.-based Baxter Health, stamped out rumors of large-scale layoffs during a Nov. 15 interview with local radio station KTLO. The health system has been able to deal with financial challenges in another way, he said:…
Clinical AI tools require the right 'diet'
The widely embraced web application ChatGPT operates using two language models, and its widespread adoption prompts consideration not of whether it will impact our lives but rather how, Nigam Shah, MD, PhD, chief data scientist at Stanford Health Care,…
Universal Health Services' payer mix
Patients with commercial insurance or those enrolled in privately-managed Medicare and Medicaid plans were responsible for 58% of King of Prussia, Pa.-based Universal Health Services’ patient service revenues in the first three quarters of 2023, accord…
Mercyhealth upgraded to 'A2' as margins strengthen
Rockford, Ill.-based Mercyhealth has been upgraded to “A2” amid consistently strong margins and liquidity, Moody’s said Nov. 8.
Louisiana system CEO, chief medical officer resigns
Steen Trawick, MD, will step down from his role as CEO and chief medical officer of Christus Shreveport-Bossier Health System on Dec. 1, the health system confirmed to Becker’s.
The silent stress of health system CEOs
It’s lonely at the top. Unaddressed isolation and burnout could be contributing to healthcare’s high turnover rates, one health system CEO told Becker’s.
California system considers outside management company
Escondido, Calif.-based Palomar Health, a publicly owned system with two hospitals, is considering taking on an outside management services company to better compete in an increasingly crowded market and separate politics from hospital operations, acco…
Chicagoland's 1,000-physician group adds executives
Three executives are joining the management team of Duly Health and Care, the Downers Grove, Ill.-based medical group with more than 1,000 physicians in the Chicago area.
UChicago Medicine taps 1st chief obstetrical transformational officer
UChicago Medicine has named Sarosh Rana, MD, to serve as its first chief obstetrical transformation officer.
