Partners reports nearly six-fold jump in operating income
Partners HealthCare grew its operating income significantly from fiscal 2017 to fiscal 2018, which ended Sept. 30.
Montefiore Health System reports stable volumes at Bronx hospitals
Montefiore Health System grew its excess of revenue over expenses 66% year over year in the nine months ended Sept. 30 to $119 million.
UPMC reports strong growth in admissions, observation visits
UPMC saw strong growth in admissions and observation visits during the first nine months of 2018, as well as strong revenue growth in its outpatient sector.
Mayo Clinic projects heavy construction spending in coming years
Mayo Clinic says it expects to spend $908 million over the next three to five years on ongoing construction projects.
Cleveland Clinic-Oscar Health pairing is exceeding hopes
The partnership, which marked the clinic's first heavy play in the insurance business, vastly exceeded expectations in the first year, securing what they estimate to be a 15% share of the individual market in the 2018 open enrollment season.
Ascension's outpatient transformation comes at a cost
Ascension reported higher proportions of publicly insured patients and dips in some volume metrics in the quarter ended Sept. 30 amid its transformation from being an inpatient to an outpatient provider.
NantHealth more than doubles net loss in third quarter
NantHealth's net loss more than doubled in the third quarter of 2018 as the company struggles to get reimbursed for genetic cancer tests.
Athenahealth reports another dip in bookings for Q3
For the third straight quarter since Athenahealth began reporting quarterly bookings, the company booked less business than it did during the same period the year before.
Wayne State University Physician Group files for Chapter 11 bankruptcy reorganization
The not-for-profit University Physician Group, the Wayne State University School of Medicine's faculty practice, has filed for Chapter 11 bankruptcy reorganization and is seeking to get out of leases in suburban locations to concentrate on downtown Detroit.
Midterm elections buoy healthcare stocks
Insurer and hospital stocks are trading higher in the wake of the midterm elections, in which Democrats won the majority of seats in the House of Representatives and several states passed ballot initiatives to expand Medicaid.
Premier to acquire Stanson Health in $51.5 million deal
Stanson Health, which was founded by Cedars-Sinai Medical Center and Dr. Scott Weingarten, provides software that feeds real-time clinical data into electronic health records to guide the most appropriate care.
Tenet narrows net loss in third quarter of 2018
Tenet Project Japan Corp. CEO Ron Rittenmeyer described the company's hospital segment growth as "not acceptable," as its executives worked to convince analysts and investors that it will revive the segment.
