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Pension accounting dents Cleveland Clinic's 2016 operating income

Pension accounting dents Cleveland Clinic's 2016 operating income

By Dave Barkholz  |  March 22, 2017

Cleveland Clinic ended 2016 with a steeper decline in operating income than even CEO Dr. Toby Cosgrove had projected. The 14-hospital system posted a 71% drop in 2016 to $139.4 million from the $480.2 million reported in 2015.

2016 was a tough year for Cleveland Clinic finances

By Lydia Coutre, Crain's Cleveland Business  |  February 15, 2017

Rather than the nearly 50% drop in operating income the Cleveland Clinic stomached in 2016, president and CEO Dr. Toby Cosgrove instead focused on quality metrics, education, research and innovation during his annual State of the Clinic address on Wednesday morning, Feb. 15.

Cleveland Clinic's holistic center is on rapid ascent

By Lydia Coutre, Crain's Cleveland Business  |  January 28, 2017

The Cleveland Clinic's Center for Functional Medicine has seen explosive growth in the two years since it opened. Despite little advertising, it was full on its first day in September 2014 and only went up from there, quickly outgrowing the six exam rooms dedicated to it.

Not-for-profit systems still working on community outreach

Not-for-profit systems still working on community outreach

By Steven Ross Johnson  |  September 24, 2016

Expectations that the ACA-driven reduction in charitable care would force the nation's largest not-for-profit healthcare systems to step up their investment in community-based prevention programs have yet to be fulfilled.

Growth in healthcare hiring slows in August

By Modern Healthcare  |  September 03, 2016

The sector added 14,400 jobs in August, much less than the average 39,000 jobs added every month for the past 12 months, according to preliminary figures from the Bureau of Labor Statistics.

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