More than a year after proposing a merger, Catholic Health Initiatives and Dignity Health have signed a definitive agreement to create the nation's largest not-for-profit hospital system in the country by operating revenue. The deal could speed up financially struggling CHI's turnaround.
Reimbursement rate increases below inflation coupled with the continued swelling of staffing and tech expenses will put a damper on not-for-profit and public healthcare next year, Moody's Investors Service said. It downgraded its outlook on the sector to negative for 2018.
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.
George Miller Jr., who formerly oversaw a large network of clinics in Texas and was on the Medicare Payment Advisory Commission under Presidents George W. Bush and Barack Obama, took over on Nov. 1.
Sanford Health added to its growing international portfolio by acquiring a minority stake in Isar Klinikum, a hospital based in Munich. Sanford plans to work intimately with the German hospital on stem cell therapy.
Scripps Health has revealed its construction plan to update its five hospital campuses, the largest building project the San Diego-based health system has ever undertaken.
Grand Blanc, Mich.-based McLaren Health Care Corp., a 12-hospital not-for-profit integrated health system, has acquired MDwise, a 360,000-enrollee Medicaid health plan in Indianapolis, for an unspecified amount.
Rhode Island has fined a healthcare system $1 million for converting two hospitals to not-for-profit status without state approval.
Trinity Health reported operating income before special items of $266 million in 2017, up from $151 million last year, buoyed by strong acquisitions, volume growth, a better service mix, improved revenue-cycle management and population health risk-share gains, the Catholic-sponsored health system...
Trinity Health is considering issuing $600 million in debt to acquire, construct, renovate or outfit new and existing facilities and snap up a "new regional health ministry," according to a regulatory filing.
Ascension will expand its rebranding efforts to six more markets as it looks to unify all of its facilities under one name to help patients navigate care and establish a consistent culture, executives said Tuesday.
Providers have looked to bolster their urgent-care businesses as new payment models push for more care delivery outside of hospitals.