Renton, Wash.-based Providence is back in the black after reporting a $176 million operating gain (2.3% margin) in the first quarter, a significant improvement on the $345 million operating loss ...
Warren Nimetz, a director at King of Prussia, Pa.-based Universal Health Services, sold 725 shares of the company's stock on May 16, according to a recent Securities and Exchange Commission filin...
https://www.beckershospitalreview.com/finance/uhs-exec-sells-130k-of-stock.html
A significant organic growth opportunity is on the horizon for health systems, and it's one that all healthcare stakeholders must embrace: an aging and retiring baby boomer generation.
Dallas-based Steward Health Care has shared a proposed bidding timeline for all of its hospitals to be sold after the for-profit system filed for Chapter 11 bankruptcy protection May 6.
Phoenix-based Banner Health saw an operating income of $89.3 million, down from $128.1 million posted over the same period last year, according to its May 16 finance report.
Kansas City, Kan.-based Providence Medical Center, part of Ontario, Calif.-based Prime Healthcare, plans to close its labor and delivery services, effective June 30, due to a declining rate of la...
Chicago-based CommonSpirit reported operating losses of $365 million and $411 million during the three- and nine-month periods ending March 31, 2024, compared to losses of $619 million and $1 bil...
https://www.beckershospitalreview.com/finance/commonspirit-posts-365m-quarterly-loss-3-9-margin.html
Cleveland Clinic posted an operating income of $50.2 million in the first quarter of 2024, up from $32.3 million posted over the same period last year, according to its May 15 finance report.
https://www.beckershospitalreview.com/finance/cleveland-clinic-operating-income-up-55-7-in-q1.html
Vancouver, Wash.-based PeaceHealth has trimmed its operating losses after closing its Eugene (Ore.) University District Hospital, according to financial documents published May 13.
Net incomes for health systems tanked in 2022 as inflation hit a record high, but many systems saw their net numbers improve in 2023 as nonoperating items, such as investment returns, rebounded.
https://www.beckershospitalreview.com/finance/42-health-systems-ranked-by-net-income.html
Children's Health and UT Southwestern Medical Center have received a $100 million donation to support the development of a new pediatric medical campus in Dallas.
https://www.beckershospitalreview.com/finance/dallas-systems-get-100m-gift-for-pediatric-campus.html
Chicago-based CommonSpirit is pushing for change in the dynamics of payer-provider relationships and is "taking a firm stance on contract renewals so payers absorb a share of inflation," manageme...
https://www.beckershospitalreview.com/finance/commonspirit-takes-firm-stance-on-payers.html
Dallas-based Tenet Healthcare's revenue cycle management arm Conifer Health Solutions "has been an incredibly valuable asset" to the for-profit system, CEO Saum Sutaria, MD, said.
Ascension's financial turnaround should not be impeded to any great degree by the ransomware attack that the St. Louis-based system has suffered, Fitch Ratings said in a May 15 report.
Grand Rapids and Southfield, Mich.-based Corewell Health posted an operating income of $65.7 million in the first quarter of 2024, down from $102 million posted over the same period last year, ac...
https://www.beckershospitalreview.com/finance/corewell-healths-operating-income-down-in-q1.html
The Louisiana Department of Health has restored the CMS status of West Monroe, La.-based Glenwood Regional Medical Center, part of financially troubled Dallas-based Steward Health Care, and deem...
https://www.beckershospitalreview.com/finance/steward-louisiana-hospitals-cms-status-restored.html
Select Specialty Hospital in Longview, Texas, will close on or about June 30, resulting in the termination of 94 employees, Becker's has confirmed.
https://www.beckershospitalreview.com/finance/texas-hospital-to-close-lay-off-94.html
Hospitals across the U.S. are having capacity issues, leading to unnecessary stays and higher costs overall.
RCM tech platform Janus Health has named Todd Doze its news CEO.
https://www.beckershospitalreview.com/finance/janus-health-names-ceo.html
Bluffton (Ind.) Regional Medical Center and Dukes Memorial Hospital in Peru, Ind., both part of Fort Wayne, Ind.-based Lutheran Health Network, have shared plans to end their inpatient labor and ...