Ascension Health continues to grow its revenue, although its operating income was significantly stifled in its fiscal 2018 as the massive health system works to standardize its revenue cycle system-wide.
Following a multimillion-dollar operating loss in 2017, Summa Health in the first half of this year managed to achieve a $43 million turnaround of its finances and is back in the black.
Sutter Health's ongoing lawsuit with California's attorney general doesn't appear to be hampering the massive health system's financial position. The system posted an operating income of $87 million for the second quarter of 2018.
The once-heralded blood-testing startup Theranos is shutting down, according to a media report. Theranos was unable to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the upcoming months.
Cleveland Clinic is having to take a look at its revenue and expenses following a tight first half of the year. Although patient revenue was up in the second quarter of 2018 compared with 2017, expenses in virtually every category grew.
Cook County Health & Hospitals System plans to boost spending by 5% next year, to $2.9 billion, while holding the line on taxpayer subsidies at $120 million.
Premier's stock price closed more than 14% higher after reporting strength in fourth-quarter revenue for its group purchasing business and modest growth in its performance services business.
The University of Pittsburgh Medical Center saw a 69% dip in profit during the first six months of 2018 compared with the same period in 2017, despite increased admissions and patient days.
St. Louis-based SSM Health signed letters of intent to sell three of its Missouri hospitals to University of Missouri Health Care and Mosaic Life Care. The health system said it expects the due diligence process to take a few months.
The healthcare industry saw fewer bankruptcies in the second quarter of 2018 compared with the first, according to law firm Polsinelli, breaking with eight quarters of record or near-record highs. But one report author doesn't expect the lull to stick.
Harvard Pilgrim Health Care saw a big jump in net income during the second quarter of 2018, which wrapped up weeks after the health plan's CEO abruptly resigned over unspecified behavior.
Chicago-based revenue-cycle management company R1 RCM continues to grow its revenue from new customers, and the company says it forecasts adding $11 billion in net patient revenue onto its operating partner model this year.