San Diego's only cancer-targeting proton treatment center has leveraged an infusion of capital and new leadership to relaunch as California Protons following Chapter 11 bankruptcy.
While the acquisition of a hospital increased patient revenue, the additional expenses ultimately helped drive down quarterly operating income 58% from the prior year for Chesterfield, Mo.-based Mercy.
Rising labor costs, fluctuations in payer mix, and regulatory changes, among other issues, are pressuring many hospitals and health systems to reduce costs and increase revenue. Indeed, the 2017 Deloitte Survey of US Health System CEOs found that declining margins is one of the top issues keeping...
Trinity Health's first-quarter results were bolstered by a revenue increase and a focus on cost control
Mayo Clinic doubles operating income in third quarter, giving ammo to critics of rural hospital cuts
While Mayo Clinic's financials improved, it has endured harsh criticism from residents and public officials of Albert Lea, Minn., who decry Mayo's decision to strip services from the rural community's hospital.
The past three months, particularly October, have been profitable for Summa Health. This is relatively encouraging for the health system, which lost more than $33 million in operating income in the first half of the year.
Montefiore Medical Center, part of Montefiore Health System, reported income from operations before investment gains of $20.5 million on revenue of nearly $3 billion through the first nine months of fiscal 2017.
HCA-owned East Houston Regional Medical Center will not reopen after the flood damage it sustained from Hurricane Harvey.
Catholic Health Initiatives reported improved financial results in the quarter ended Sept. 30, and officials say the health system is making progress with a turnaround.
Saba Capital Management's purchase of 6.8% of Community Health Systems' shares preceded a sharp fall in its share price.
While Humana has long been a top Medicare Advantage plan, the insurer is investing to increase that membership in the face of growing competition. Humana's profit rose in the third quarter, but its revenue slumped.
Tenet's third quarter operating loss is much higher year-over-year, but adjusted EBITDA is within its outlook range, the company says.