Massachusetts' dominant health system and one of its largest payers have put their merger talks on hold, after executives reportedly felt the deal was getting too complicated.
CommonSpirit Health will be the name of the not-for-profit health system formed from the merger of Catholic Health Initiatives and Dignity Health.
Saint Anthony Hospital shocked the healthcare community when it broke away from Ascension in 2009 to be an independent facility. And it's managed to maintain that status.
The hospital is concentrated on hardwiring clinical processes to achieve better outcomes for patients with some measures showing significant improvement while others still remain below average.
Venkat Bhamidipati, Providence St. Joseph's CFO, brings decades of expertise from the tech world into healthcare at a time when rapid technological advances and shifts in consumer demand are transforming care delivery.
The proposed tie-up between Dallas-based Baylor Scott & White Health and Houston-based Memorial Hermann Health System poses an increasingly important antitrust question given the prevalence of cross-market hospital mergers, regulatory experts said.
Grand Rapids-based Spectrum Health, one of Michigan's largest not-for-profit health systems, and Lakeland Health, a three-hospital system based in St. Joseph, signed final merger agreement documents Monday.
The last four markets to adopt the Ascension brand have about 100 care-delivery sites, as Baltimore's Ascension St. Agnes, Indiana's Ascension St. Vincent, Oklahoma's Ascension St. John and Ascension St. Thomas in Tennessee add Ascension to their names.
Investment returns last year were the best since 2013 for the not-for-profit healthcare organizations participating in a survey released by the Commonfund Institute. But, the report says, reallocation of assets into more fixed-income investments may slow returns in the future.
Downgrades are outpacing upgrades in the not-for-profit hospital sector. Ratings analyst Lisa Goldstein discusses that trend, along with the impact of merger and acquisition activity.
For the second consecutive year median operating margins fell, hitting 1.9% in 2017, down from 2.8% the year prior. Still, improved liquidity measures bode well for not-for-profit hospitals.
The state Supreme Court upheld a ruling allowing certain medical centers to use charity to offset their property tax bills, a matter that drew controversy a few years ago.