Chicago-based CommonSpirit, one of the largest nonprofit health systems in the country, reported an operating loss of $1.4 billion for the fiscal year ending June 30 on revenue of $34.5 billion with an operating margin of -4.1 percent.
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Pipeline Health to sell hospital, exit Texas
El Segundo, Calif.-based Pipeline Health has agreed a deal to sell White Rock Medical Center in Dallas to Heights Healthcare of Texas. The sale is expected to close on or before Oct. 2.
22 states with highest obesity rates: New CDC data
Twenty-two states have obesity rates at or above 35 percent, according to CDC estimates updated Sept. 21.
Hospital-union negotiations heat up
Disputes between labor unions and hospitals have long existed. However, amid today’s healthcare challenges, and after going through a pandemic, workers have become especially vocal about issues such as pay and staffing.
ProMedica lays off 20 administrative workers
Toledo, Ohio-based ProMedica is laying off about 20 administrative workers, a health system spokesperson confirmed with Becker’s.
CDC invests $263M to forecast infectious disease threats
The CDC is dolling out $262.5 million over five years to research centers across the U.S. The goal? To develop a national network that can forecast infectious disease outbreaks, something akin to the National Weather Service, according to a Sept. 20 Bo…
AI most exciting new tech in healthcare, UPMC report says
Artificial intelligence is the new technology healthcare executives are the most excited about, according to a new study from KLAS Research and the Center for Connected Medicine, a research arm of Pittsburgh-based UPMC.
1 day, 5 executive exits
Between Sept. 20-21, Becker’s reported five executive exits from hospitals and health systems:
Nuvance Health downgraded; consultant call-in likely
Danbury, Conn.-based Nuvance Health may not meet its debt service coverage obligations in fiscal 2023 and will therefore be likely to call in consultants, S&P Global said Sept. 21.
Duke Health aims to become leader in 'trustworthy' AI
Michael Pencina, PhD, Duke Health’s chief data scientist, says he aims for the health system to be an organization that many come to for guidance when it comes to algorithms, The Chronicle reported Sept. 20.
