Bend, Ore.-based St. Charles Health has had to deal with many of the challenges facing health and hospital systems across the country. For St. Charles, that included resulting cost-cutting measures such as laying off 105 employees and eliminating 76 va…
Grand Blanc, Mich.-based McLaren Health Care had its ratings affirmed at “AA-” as the 14-hospital system continues to enjoy strong market share and resilient profitability, Fitch Ratings said March 20.
Private equity involvement in a rural hospital in Iowa raises questions over a possible link with the recent death of a hospital staff member there and the subsequent discovery of sexual assaults on several female patients, Sen. Chuck Grassley said Mar…
NYC Health + Hospitals is investing further in affordable housing on land it owns in a bid to improve the health outcomes of some of its most vulnerable patients, according to a March 17 Affordable Housing Finance report.
Americans are knee-deep in medical debt and most of that debt is owed to hospitals, with minority and low-income patients dealing with a disproportionate amount of it, according to a March 18 Washington Post report.
About 40 hospitals across five states have filed a lawsuit against HHS Secretary Xavier Becerra, alleging that yearslong delays in correcting Medicare disproportionate share hospital payments have cost them “tens of millions” of dollars.
Joseph Cacchione, MD, CEO of Jefferson Health, told the audience at the Philadelphia Business Journal’s Healthcare CEO Summit that the system expects to end the 2023 fiscal year with an $80 million loss as labor and supply costs continue to increase. B…
Quest Diagnostics has acquired select assets of Northern Light Laboratory, the outreach lab services business of Brewer, Maine-based Northern Light Health.
New York City-based Montefiore Health System has reported an operating loss of $98.5 million for 2022 on approximately $7 billion of annual revenues as expenses rose 4.7 percent over the previous year.
Renton, Wash.-based Providence, which reported a fiscal 2022 operating loss of $1.7 billion, was downgraded as the 51-hospital system continues to deal with ongoing operational challenges, Fitch Ratings said March 17.
