As is now customary, the healthcare industry was the leading job producer in November, driving overall private-sector employment to a solid 178,000 gain.
The healthcare industry again was the leading job-producing sector of the economy in November, driving overall private-sector employment to a solid 178,000 gain. But the promised repeal of Obamacare and a looming interest-rate hike is giving employers in the industry pause.
DMC's layoffs are expected to total 60 employees and managers with another 40 unfilled positions eliminated. Another 30 employees were reassigned to other positions.
With a market capitalization of about $10 billion, the newly minted Envision Healthcare Corp. on Thursday will replace Legg Mason on the index as part of the healthcare category.
The study is salient as hospitals look for ways to cut costs, including by changing the skill mix of nursing staff by hiring assistants with less training.
Community Health Systems went on a physician-recruiting binge in 2015, bringing in a record 4,152 more physicians to staff the more than 1,000 clinics it owns and jump-start volumes at some underperforming hospitals. But now CHS is throttling back recruiting to focus on productivity.
AmSurg intends to make another $50 million worth of acquisitions in the fourth quarter, bringing to $400 million its spending on deals for all of 2016. It is shopping for physician-staffing companies and ambulatory surgery centers even as it prepares to complete a merger with Envision Healthcare.
Physician-staffing giant TeamHealth is taking steps to heal its IPC division, an effort that under Blackstone ownership can be best undertaken outside the glare of public equity markets. To fix IPC, management has created a separate leadership structure to grow its presence in post-acute medicine.
Physician staffing and healthcare solutions giant Envision Healthcare lowered its earnings guidance Tuesday as it enters the home stretch of preparations for a mega-merger with rival AmSurg. Net income in the third quarter fell to $28.4 million from $52.4 million in the year-earlier quarter.
Nurses at five Allina Health hospitals in Minnesota approved a labor contract, ending a five-week strike.
A majority of rank-and-file members of the Minnesota Nurses Association ratified the agreement Thursday, just days after Gov. Mark Dayton intervened and called both sides back to the bargaining table.
Thousands of Allina Health nurses represented by the Minnesota Nurses Association labor union are ending a five-week strike after reaching a tentative agreement with the health system Tuesday on outstanding contract issues.