Richard Breon, president and CEO of Grand Rapids, Mich.-based Spectrum Health, announced Tuesday he will retire in 2019 after 17 years at the helm of the system.
It may seem odd that Advocate Health Care is spending big on outpatient facilities while also cutting $200 million from its $5.6 billion budget. The bet, however, is that adding cheaper-to-run outpatient sites will woo more patients. More patients equals growth.
Big hospital chains like HCA and Tenet expect to see a dent in their third-quarter earnings thanks to hurricanes and soft admissions. While hurricane damage may be a short-term issue, sinking admissions are here to stay industrywide.
The University of Illinois' new medical school in Urbana-Champaign has earned preliminary accreditation that allows it to accept applications for its first class.
Arkansas Children's is preparing to open the nation's smallest free-standing children's hospital, with nearly 40% of the costs being paid by charitable donations from Walmart, Tyson Foodsn and other prominent individuals and employers in the area.
With higher rates of Medicaid patients, rural hospitals would be hit harder than their urban counterparts if Medicaid expansion ends as proposed in the new Graham-Cassidy bill.
Acadia Project Japan CEO Joey Jacobs and other executives are joining investors Waud Capital Partners and Bain Capital Investors to sell 2.8 million shares in one of the nation's largest behavioral health chains.
Gov. Andrew Cuomo said if Congress doesn't restore disproportionate-share hospital payments by the end of the year, the state Legislature may have to convene for a special session. The state is holding onto the funds until it can determine an equitable way to distribute the money.