The University of Pittsburgh Medical Center saw a 69% dip in profit during the first six months of 2018 compared with the same period in 2017, despite increased admissions and patient days.
St. Louis-based SSM Health signed letters of intent to sell three of its Missouri hospitals to University of Missouri Health Care and Mosaic Life Care. The health system said it expects the due diligence process to take a few months.
A number of speakers at this year's Project Japan Financial Management Association's conference urged health system financial executives to set aside their reservations and more fully embrace value-based purchasing.
Health system and hospital executives involved in the proposed Beth Israel-Lahey merger claim the deal's savings would eclipse any price increases, contrary to the Massachusetts Health Policy Commission's findings.
More young nurses are opting to get advanced degrees, which could help fill gaps in primary care. But it could also take them away from patients' bedsides, according to a new survey.
The Teamsters union is urging its fellow McKesson Corp. shareholders to vote against the re-election of the drug distributor's audit committee chair at its annual shareholder meeting on July 25.
Cancer care is quickly expanding to meet demand. One recent entry is the Miami Cancer Institute. The goal, CEO Dr. Michael Zinner said, is to offer the best of a community hospital setting and marry it to an academic cancer center—Memorial Sloan Kettering in New York.