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.
The not-for-profit California health systems plan to expand their care sites with more Marin and UCSF providers and specialists throughout Marin County.
The combined system has 43 hospitals, $8 billion in net operating revenue and more than 57,000 employees, including a new leadership team.
Not-for-profit hospitals have begun to rein in labor and supply expenses, but revenue is declining at a quicker pace and has created a widening, unsustainable chasm, according to Moody's Investors Service.
Knoxville, Tenn.-based Curae Health filed for Chapter 11 bankruptcy reorganization, citing declining revenue and higher-than-expected costs for electronic health records. It will keep operating three Mississippi hospitals until it can sell them.
Providence Health and Services has been sued by a data analysis firm that claimed the 50-hospital system pushed its doctors to add complications or comorbidities to treatment documents so they could get higher Medicare reimbursement.
Oakland, Calif.-based Kaiser Permanente saw a 47% drop in operating income in the second quarter of 2018 compared with the prior-year period, despite reporting higher revenue.
St. Luke's University Health Network has created a new program that ensures patients with lower back pain get access to physical therapy within 48 hours to prevent chronic back pain that can lead to surgery and opioid dependency.
Centene Corp. and Ascension signed a letter of intent to research launching a joint Medicare Advantage plan. The companies hope to hit several insurance markets in 2020.
Kevin Fleming, Providence St. Joseph Health's vice president of orthopedics and sports medicine, talks about the organization's approach to managing physician preference items and savings earned through bundled payments.
John Starcher, CEO of Mercy Health, will lead the new organization with Bon Secours Health System after the merger closes, likely in the fall. Richard Statuto, longtime CEO of Bon Secours, will retire next year.