Hospitals reported the most severe physician shortage among practice settings, according to Doximity’s “2024 Physician Compensation Report,” published May 23.
Category: Static
Shuttered New York hospital up for auction a 2nd time
Eastern Niagara Hospital in Lockport, N.Y. will go up for auction a second time after it closed June 17.
Orlando Health posts $127M operating income in Q2
Orlando (Fla.) Health posted an operating income of $126.9 million in the second quarter of 2024, down from $134.7 million posted over the same period last year, according to its May 23 financial report.
Elon Musk's AI company raises $6B
Elon Musk’s artificial intelligence company, xAI, has raised $6 billion and made big advances over the last 12 months.
Retired CEO returns to Washington hospital
Larry Cohen, the former CEO of Ocean Beach Hospital in Ilwaco, Wash., has come out of retirement to helm the organization in an interim capacity, according to the Chinook Observer.
Novo Nordisk defends $1,000 Ozempic list price
Novo Nordisk is contesting Sen. Bernie Sanders’ calls to reduce the list prices of Ozempic and Wegovy in the U.S., Bloomberg reports.
Ozempic quells kidney disease risk, study finds
In a yearslong trial of more than 3,500 participants, Novo Nordisk’s Ozempic and Wegovy slowed the growth of chronic kidney disease and slashed the risk of heart attack, kidney failure, stroke and death.
Ascension expects progress on IT outage soon
St. Louis-based Ascension said it expects patients and providers to notice progress on its cyberattack response after Memorial Day weekend.
CommonSpirit unlikely to pursue Steward's Arizona assets
Daniel Morrisette, CFO of Chicago-based CommonSpirit, said he doesn’t expect the health system to purchase Dallas-based Steward Health Care’s Arizona assets, but said they are evaluating potential opportunities.
CommonSpirit, Ascension, Trinity: How the 3 largest nonprofit systems' finances stack up
Ascension, Trinity Health and CommonSpirit, which operate more than 380 acute care hospitals combined, reported substantial operating improvements in fiscal year 2024 to date, but executives at each system maintain there is still much work to do.
