Allina Health ended 2017 with an operating gain of $146 million after suffering a loss the prior year due to nursing strikes.
HHS' Office for Civil Rights is investigating Banner Health following a 2016 cyberattack that may have affected 3.7 million patients. The Phoenix-based not-for-profit system anticipates that it may receive negative findings and be fined.
Highmark Health, a Blues plan that owns Allegheny Health Network, recorded higher operating gains and revenue in 2017, driven by the continued turnaround of its ACA insurance business, growth in its Medicare Advantage segment, and the sale of a portion of its vision insurance business.
Modern Healthcare incorrectly reported that Wellington had sold the entirety of its stake in CHS, when it did not own any common shares in the hospital chain, stemming from a mistake it corrected in an SEC filing.
Community Health Systems announced Thursday it has hired a number of financial advisory firms, including Lazard, to help the Franklin, Tenn.-based chain address its $4.8 billion in debt maturing in 2019 and 2020.
Chicago-based revenue-cycle management company R1 RCM reported a net loss of $40.2 million in the fourth quarter of 2017 on $140.3 million in net services revenue compared with net income of $13.2 million on $106.2 in revenue million a year earlier.
Renton, Wash.-based Providence St. Joseph Health boosted its operating income to $3 million in 2017, compared with an operating loss of $255 million in 2016.
In 2017, the Clinic earned $328 million in operating income — a 35% rebound from the prior year — on $8.4 billion in operating revenue, up 5% from 2016.
Universal Health Services posted strong net income and revenue in the fourth quarter of 2017, boosted by increased adjusted admissions.
Kindred Healthcare saw a $135 million loss from continuing operations in the final quarter of 2017 compared with a loss of $1.9 million in the prior year, due to lingering effects of hospital closures and RehabCare site terminations.
Community Health Systems' stock price fell 17% Wednesday following the previous day's release of results for 2017 that include a $2 billion fourth-quarter net loss.
Community Health Systems reported a $2 billion net loss in the fourth quarter of 2017, significantly wider than its $202 million net loss at the same time in 2016.