Category: Static

Mercy posts $104M net gain on $8B revenue

Chesterfield, Mo.-based Mercy, which operates 44 hospitals, has reported net income of $104.4 million for the fiscal year ending June 30 versus an almost $300 million net loss in the same period last year.

Tenet, HCA, CHS and UHS ranked by Q2 margins

Four of the largest for-profit health systems in the country ended the second quarter with healthy operating margins, building on first-quarter performances as patient volumes rebound and spending on high-cost contract labor declined. 

Bankrupt California hospital to sell off farmland to draw down debt

Shuttered Madera Community Hospital is attempting to sell off a 35.6-acre parcel of farmland to reduce some of its debt, according to a Sept. 15 Fresnoland report.

UVM Medical Center budget proposal struck down

Burlington-based the University of Vermont Medical Center has had its plans for a 10 percent increase of commercial insurance rates struck down, according to a Sept. 14 WCAX report.

Why Centura split and what's next

CommonSpirit Health and AdventHealth decided to disaffiliate in February, breaking up their joint venture Centura Health.

The RCM processes getting regularly backlogged

Claims submission is the revenue cycle management stage where providers are most frequently seeing backlogs, according to a Sept. 14 report from Plutus Health. 

State halts PICU admissions at California hospital over safety concerns

The California Department of Health Care Services has restricted a hospital from accepting new patients at its pediatric intensive care unit until dozens of safety concerns are addressed, the Los Angeles Times reported Sept. 15.

10 hospital seeking CFOs

Below are 10 hospitals and health systems that recently posted job listings seeking CFOs.

California medical group closes after 50 years

San Dimas Medical Group in Bakersfield, Calif., announced its closure on Sept. 12. 

Froedert taps new digital health partner for employees

The Frodert and the Medical College of Wisconsin health network has tapped Xealth, a digital health platform, to enroll its employees into the Omada Health virtual care program.