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More than 450 rural hospitals are financially unstable as operating margins decline, new research shows. Of the 453 vulnerable rural hospitals, 237 are “at risk” and 216 are the least stable, according to an analysis that weighed case mix, ownership model, capital efficiency, occupancy and other factors. About 47% of the country’s 1,844 rural hospitals …
Rural hospitals’ margins erode, sparking financial instabilityRead More
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HealthTrust (Nashville, TN) and Community Hospital Corporation (CHC) (Plano, TX) have signed a long-term partnership agreement to strengthen the operating performance of community-based hospitals. CHC is a nonprofit organization that owns, manages, consults with and/or advises more than 100 acute care and post-acute hospitals and healthcare facilities. The contract renewal with HealthTrust preserves the support structure and resources …
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Leaders at CommonSpirit Health are eyeing some lofty goals, mainly producing a $2 billion benefit to the organization’s bottom line over a four-year period. The Chicago-based health system made a significant move in that direction late last month when it consolidated its group purchasing organization service provider, selecting Premier to help integrate the 137-hospital system’s …
Q&A: CommonSpirit CFO talks about achieving cost savings, efficienciesRead More
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The CareFlight Air & Mobile program is expanding to include a fourth base of operations in Versailles, Ohio, in northeast Darke County. The helicopter will be housed at Midmark Corp.’s (Dayton, OH) private hangar and serve as CareFlight’s northwest base in the region. The company says the aircraft will begin responding to emergency calls from that location as early as …
CareFlight adds fourth base of operations in Darke CountyRead More
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McKesson Corporation announced the commencement of an exchange offer for the split-off of its wholly-owned subsidiary, PF2 SpinCo, Inc., which will hold all of McKesson’s interest in Change Healthcare LLC, as part of McKesson’s previously announced agreement with Change Healthcare Inc. to merge SpinCo with and into Change. “This transaction better positions McKesson to focus on our core …
McKesson to split-off interest in Change HealthcareRead More
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FBI Director Christopher Wray addressed the economic espionage threat posed by China at the Department of Justice China Initiative Conference on Feb. 6 in Washington, D.C. China is threatening the U.S. economy—and national security—with its relentless efforts to steal sensitive technology and proprietary information from U.S. companies, academic institutions, and other organizations, Wray said. Wray …
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Through a six-year sole source agreement with Omnicell, Geisinger will employ Omnicell XT Automated Dispensing Systems to help improve nurse-pharmacy workflows and medication safety and security. This investment follows Geisinger’s recent upgrade to the XT Anesthesia Workstation, moving from manual processes to automation, for easy, yet secure access to medications in the operating room. Read the rest of …
Geisinger partners with Omnicell for automated medication dispensingRead More
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Tenet Healthcare Corporation and its Southern California hospital Desert Regional Medical Center will pay $1.41 million to resolve allegations that they knowingly charged Medicare for implanting unnecessary cardiac monitors in patients. Medicare only reimburses services and treatments that are reasonable and medically necessary. Tenet acknowledged it settled the lawsuit “related to a portion of cardiac …
Tenet Healthcare to pay $1.4M to settle cardiac lawsuitRead More
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Kaiser Permanente reported a net income of $7.4 billion in 2019, nearly triple what the company made in 2018 and significantly higher than its past surpluses. Kaiser Permanente attributed most of the new funds to a strong investment market, saying two-thirds of its net income came from investment performance. Kaiser reported revenues of $84.5 billion, …
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AdventHealth, a faith-based health system with 50 hospital campuses, plans to implement an integrated EHR and revenue cycle management system from Epic Systems Corp. over the next three years. AdventHealth said it will install the Epic system at its more than 1,200 acute-care, physician-practice, ambulatory, urgent care, home health and hospice sites. AdventHealth plans to …
AdventHealth to drop Cerner, Athenahealth EHRs for EpicRead More
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1. Dell Children’s to invest $300M in upgrades, expansions Austin, Texas-based Dell Children’s Medical Center plans to invest more than $300 million over the next three years to expand. 2. Mount Sinai Health System gets state OK on $1B campus upgrade A state planning council has approved Mount Sinai Health System’s plan to invest $1 …
6 hospital, health system construction projects costing $300M or moreRead More
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Join us for ANAE’s two upcoming, interactive Supply Chain Leader webinars! During these interactive sessions, Kaiser Permanente’s Mary Beth Lang and Trinity Health’s Ed Hissock, will share insights into the priorities of their respective IDNs and specific ways that ANAE members can develop more successful relationships with supply chain executives.
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When: June 24 About: During this interactive session, Janie Ott, VP, Supply Chain, The University of Kansas Health System, will share insights into the priorities of her IDN as well as specific ways that ANAE members can develop more successful relationships with supply chain executives. Attendees will be able to participate in the live Q&A …
June 24 — Janie Ott — Univ. of Kansas Health SystemRead More