As for-profit system Universal Health Services seeks to return to pre-pandemic levels of operating performance, contract labor costs remain an issue.
Category: Static
UMMS does more than break even as net gain rises to $161M
Baltimore-based the University of Maryland Medical System barely broke even in fiscal 2022, reporting an operating income of $175,000.
Kaiser, Mayo, CVS back $30M round for AI clinical documentation company
Abridge, an artificial intelligence-powered clinical documentation company, raised $30 million in a series B financing round that saw participation from CVS Health Ventures, Kaiser Permanente Ventures, Lifepoint Health and Mayo Clinic.
Exela, Civica recall 3 drugs sent to health systems
Exela Pharma Sciences is pulling three medications, including one Civica brand, because silicone was found in samples during routine inspection, the FDA said Oct. 25.
New details emerge on Dana-Farber's hospital plans
New legal documents filed by Dana-Farber Cancer Institute delve further into the organization’s reasoning for its $1.68 billion endeavor to establish a standalone cancer hospital in partnership with Beth Israel Deaconess Medical Center, The Boston Glob…
Georgia medical center promotes marketing leader
Erika Bennett has been named director of marketing and brand experience of South Georgia Medical Center, based in Valdosta.
The new House Speaker's healthcare record: 3 notes
Mike Johnson was elected as the 56th Speaker of the House Oct. 25 after the post remained unfilled for more than 20 days.
Digital health funding down 14% in Q3
Investment in digital health experienced a 14% decrease, declining from $3.5 billion in Q2 of 2023 to $3 billion in Q3, according to an Oct. 26 report from CB Insights.
Houston pharmacist, clinic owner sentenced in $6M pill mill scheme
Sokari Bobmanuel, the former pharmacist-in-chief of Cornerstone Rx Pharmacy in Houston, and co-conspirator Alantha Stewart, the co-owner of Sunnyside Medical clinic were sentenced to a combined 24 years in prison for their roles in running a pill mill …
Viewpoint: The end of physicians?
As we enter the mid-2020s, we find ourselves at a crossroads. Artificial intelligence is becoming more and more common, and its abilities are expanding at an exciting (or alarming, depending upon your point of view) rate. Soon, we will turn AI loose, a…
