Hospitals: Page 2
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UHS says demand for services ‘moderating’ at acute hospitals in Q2
The health system reported a net income of $289.2 million in the second quarter, but relatively flat patient volume growth sparked analyst concerns during an earnings call Thursday.
By Susanna Vogel • July 25, 2024 -
Tenet raises full-year earnings guidance again
Tenet has an emerging “beat and raise” track record on Wall Street, analysts said.
By Susanna Vogel • July 25, 2024 -
Trendline
Payer/Provider relationships
As M&A intensifies and companies embrace more holistic and value-based care models, partnerships have become more closely intertwined.
By Healthcare Dive staff -
Maternal health quality varies widely by state: report
In states with more restrictive abortion bans, maternal health providers tend to be more scarce and maternal deaths were typically higher, according to a report from the Commonwealth Fund.
By Susanna Vogel • July 24, 2024 -
HCA posts $17.5B in Q2 revenue and raises full-year guidance
The Nashville, Tennessee-based provider attributed the stronger-than-expected results to increased patient volumes.
By Susanna Vogel • July 23, 2024 -
Tracking Steward's decline
Steward fails to spark competitive auction during first round of hospital sales
The bankrupt health system did not receive any qualified bidders in Ohio and Pennsylvania.
By Susanna Vogel • July 22, 2024 -
CrowdStrike outage hits US hospitals
The cybersecurity firm released what was meant to be a routine software update, but now health systems, including CommonSpirit Health and Cleveland Clinic, are locked out of Windows systems.
By Susanna Vogel • July 19, 2024 -
Providence names new CEO
Erik Wexler, currently the health system’s COO, will step into the CEO role on Jan. 1.
By Susanna Vogel • July 18, 2024 -
Healthcare is an ‘easy victim’ for ransomware attacks. How hospitals can mitigate the damage.
Limited resources in a highly connected ecosystem can make hospitals vulnerable, but planning ahead and implementing key protections could help thwart attack.
By Emily Olsen • July 18, 2024 -
Northwell Health partners with Instacart to bolster food access
The tie-up with New York’s largest healthcare provider is focusing first on supporting expecting mothers in Black and Brown communities who are food insecure.
By Peyton Bigora • July 18, 2024 -
Tracking Steward's decline
Steward executives cashed in prior to bankruptcy filing
Fourteen executives received over $1 million in total compensation the year before Steward entered Chapter 11 restructuring, bankruptcy documents show.
By Susanna Vogel • July 17, 2024 -
UHS names new senior VP of human resources
Maria Zangardi stepped into the role July 15.
By Susanna Vogel • July 17, 2024 -
Chicago children’s hospital faces class action suits after cyberattack
Multiple lawsuits were filed last week after Lurie Children’s Hospital reported a cyberattack earlier this year may have exposed data of more than 775,000 people.
By Emily Olsen • July 15, 2024 -
Private equity-backed providers represent less than 4% of US market: PitchBook
Despite the swell of political and media attention to private equity’s role in healthcare, PitchBook reports investment growth in providers has slowed.
By Emily Olsen • July 15, 2024 -
Tracking Steward's decline
Steward Health Care under federal investigation for fraud and corruption
The Department of Justice investigation follows a multi-year international probe into Steward's deal to improve three hospitals in Malta.
By Susanna Vogel • July 12, 2024 -
Sanford Health and Marshfield Clinic in talks to merge
The Midwestern health systems are not strangers to the bargaining table, having both pursued mergers in the past year. However, this time they hope to get a deal done.
By Susanna Vogel • July 11, 2024 -
Geisinger to spend $880M on medical center expansion
The project is the latest of several expansions for the Pennsylvania-based health system.
By Susanna Vogel • July 11, 2024 -
Healthcare groups say cyber rule should explicitly name insurers, vendors
Healthcare associations say insurers and vendors need to be more clearly included in the regulation, citing the impact of the Change Healthcare cyberattack.
By Emily Olsen • July 8, 2024 -
Hackensack Meridian Health files lawsuit in wake of Chevron decision
Experts predict a wave of litigation will follow the Chevron ruling, which raised the bar for healthcare agencies when implementing laws with unclear intent.
By Susanna Vogel • July 3, 2024 -
Cedars-Sinai taps new CEO
Peter Slavin formerly served as president of Massachusetts General Hospital.
By Susanna Vogel • July 3, 2024 -
Data breach at Geisinger may have exposed data from 1.2M patients
A former employee at vendor Nuance Communications accessed patient data two days after being terminated, according to the health system. The employee is facing federal charges.
By Emily Olsen • July 2, 2024 -
Prospect Medical Holdings reveals DOJ investigation
The federal investigation follows multiple state inquiries into Prospect’s business practices last year.
By Susanna Vogel • July 2, 2024 -
Tracking Steward's decline
Optum backs out of deal to buy Steward’s physician group
Steward has been gunning for the deal since March. Without Optum at the table, it’s unclear who will buy the struggling health system’s medical clinics.
By Susanna Vogel • June 28, 2024 -
Supreme Court allows emergency abortions in Idaho, sidestepping broader EMTALA questions
The Supreme Court declined to issue broad guidance on how to adjudicate conflicts between state abortion laws and a federal law requiring hospitals provide patients with emergency care.
By Susanna Vogel • June 26, 2024 -
UAB Health to acquire Ascension St. Vincent’s for $450M
The deal is set to close later this year, pending regulatory review.
By Susanna Vogel • June 26, 2024 -
Hospital mergers tied to increased layoffs, reduced tax revenues: report
A National Bureau of Economic Research report found layoffs followed hospital mergers, as employers struggled to absorb the costs of rising healthcare premiums.
By Susanna Vogel • June 26, 2024