After several years of continued Medicare reimbursement cuts and financial penalties under the ACA that have dampened profitability, the five systems in metro Detroit that reported 2015 financial data to Crain's Detroit Business positively rebounded by treating more patients and continuing to hold...
After nearly six months of negotiations and regulatory reviews, officials for Detroit-based Henry Ford Health System and Allegiance Health in Jackson, Mich., have finalized the merger agreement that will bring the 475-bed Jackson-based hospital into the system as Henry Ford Allegiance Health.
Fairview Health Services, a Minneapolis-based academic health system operating without a permanent CEO, has dropped out of the Minnesota Hospital Association.
Slumping stock prices and the quickening pace of change in how providers get paid are testing boards of directors at publicly traded healthcare firms in ways they haven't seen in a generation.
Margaret Dimond has been named president of Crittenton Hospital Medical Center, replacing acting president Terry Hamilton, who took over leadership of the hospital after Ascension Health Michigan completed the acquisition of the formerly independent hospital based in Rochester Hills.
Plans are moving forward for Jackson-based Allegiance Health to join Detroit-based Henry Ford Health System as part of a new affiliation agreement.
Michigan's 83 acute-care hospitals posted higher total profit margins in 2014 than in 2013, averaging 8.2%, but health plans' profits dipped slightly to 0.9%, according to the 2015 Michigan Health Market Review.
Henry Ford Hospital's Dr. Henry Lim, chair of the department of dermatology, has been named president-elect of the American Academy of Dermatology. He begins his tenure during the AAD's annual meeting this week. In March 2017, he will become president and serve for one year.
Activist shareholders of TeamHealth, stating the company has made “some missteps in critical areas including strategy and governance,” are asking for three seats on its board. The seats would go to Nancy Schlichting, a partner at hedge fund firm JANA, and a former CVS chairman.
Beaumont Hospital-Farmington Hills (Mich.) on Wednesday appointed Constance O'Malley as president. She will be the first woman to lead the hospital.
Peter Butler will retire as president of Chicago-based Rush University Medical Center, effective July 1. He will be succeeded by Michael Dandorph, 48, current executive VP and COO. Dandorph's new title will be president and COO.
The CMS' Hospital Readmissions Reduction Program is the policy vanguard of the transition from process to outcome measures for hospital reporting and payment.