Category: Static

Moody's downgrades Mount Sinai's rating 2 notches

Moody’s downgraded New York City-based Mount Sinai’s rating to “Baa3” from “Baa1” and revised its outlook to negative from positive. 

Amid planned reopening, California hospital taps new CEO

Steve Stark, regional CEO of Orchard Hospital in Gridley, Calif., Glenn Medical Center in Willows, Calif., and Colusa (Calif.) Medical Center, was appointed CEO of Madera (Calif.) Community Hospital.

Why Kaiser Permanente went all in on generative AI

Kaiser Permanente decided to embark on the largest generative AI project in healthcare to date after considerable demand from clinicians and positive feedback from patients.

HCA, Bon Secours Mercy Health turf war heats up

Competition is heating up in Central Virginia as Nashville, Tenn.-based HCA Healthcare plans to expand into an area in which Bon Secours Mercy Health has a prominent presence. 

Cleveland Clinic returns to profitability with $45.3M Q2 operating gain

Cleveland Clinic saw an operating income of $45.3 million at a 1.2% margin in the second quarter of 2024 for the three months ended June 30, a 312% increase from a $21.4 million operating loss (-0.6% margin) during the second quarter of 2023, according…

Northwestern Medicine to deploy AI co-pilot systemwide

Chicago-based Northwestern Medicine plans to deploy generative AI-powered clinical documentation from Microsoft across the health system and its Epic EHR.

New York health system's Olympics ad

Montefiore Health System aired an ad during the Olympics that tied in the games with the history of its Bronx, N.Y., home base, according to Adweek.

Northwestern Medicine lands stadium naming rights

Chicago-based Northwestern Medicine has secured the naming rights for a local football stadium.

New Jersey system to pay $3.15M to resolve false claims case

Somers Point, N.J.-based Shore Memorial Health System has agreed to pay the U.S. $3.15 million to resolve allegations that it violated the False Claims Act by receiving improper pandemic loans, the Justice Department announced Aug. 14. 

Michigan Medicine exec to join ACGME as president, CEO

Debra Weinstein, MD, chief academic officer at Michigan Medicine in Ann Arbor, will join the Accreditation Council for Graduate Medical Education in January as its next president and CEO, effective Jan.1.