Montefiore reports 2nd straight loss as investment returns slump

New York City-based Montefiore Health System exacerbated losses in the first nine months of 2022 even as its operating revenues increased and expenses were largely stable. 

Children’s Minnesota’s digital transformation is helping ‘serve more patients in new ways,’ CFO says

Hospitals and health systems across the country are doubling down on digital transformation efforts by creating new tools and launching innovative programs to improve workflows, boost efficiency and better serve patients where they are.

Phoenix Children’s reports $120M loss even as revenues stay strong

Phoenix Children’s Hospital reported a nine-month loss of $120.5 million even as its revenues stayed robust and contributed to an overall positive operating income of $88 million. The overall decline was a result of investment challenges that resulted …

Viewpoint: Health systems ‘gouging’ Americans with anti-competitive practices

Hospitals and health systems are “gouging” Americans with their anti-competitive behaviors, and more steps must be taken to reverse such policies, especially at a time of rising inflation and economic pressures, experts said in a Nov. 28 opinion piece …

ChristianaCare business unit to market surgeries, services to employers

Newark, Del.-based ChristianaCare has launched a business unit to market surgeries, products and services directly to employers around the U.S., the Philadelphia Business Journal reported Nov. 23. 

South Carolina hospital fills empty wing with prisoners to help avoid closure

Chester (S.C.) Medical Center is filling an empty wing of its hospital with 36 inmates as a measure to help stave off closure, The Herald reported Nov. 28.

Quorum Health to sell 5 Illinois hospitals

Brentwood, Tenn.-based Quorum Health is selling four Illinois hospitals to Evansville, Ind.-based Deaconess Health System and another hospital — the largest of the five — to Glendale, Calif.-based American Healthcare Systems, the St. Louis Post-Dispatc…

Memorial Hermann hospital moves forward with $231M expansion project

Memorial Hermann Sugar Land (Texas) has made a $231 million investment in expanding the campus to meet growing needs in the region.

Tower Health’s proposed sale of Chestnut Hill Hospital faces one final hurdle

West Reading, Pa.-based Tower Health’s proposed sale of Chestnut Hill Hospital in Philadelphia to three local health care organizations faces one final hurdle: approval from the Philadelphia Orphans’ Court, the Philadelphia Business Journal reported No…

Indiana hospital merging with Deaconess Health System Jan. 1

Tell City, Ind.-based Perry County Memorial Hospital is affiliating with Deaconess Health System, effective January 1, 14 News reported Nov. 22.

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