Todd Kennedy has been named president of Providence Health System in Mobile, Ala. Kennedy, 39, will start on Sept. 7. He replaces Clark Christianson, who is retiring.
The complicated financial restructurings that follow not-for-profit hospital consolidations are requiring more advanced skill sets among chief financial officers and are leading to sharply higher pay for them, experts say.
MissionPoint Health Partners, an Ascension subsidiary that develops health plan networks and accountable care organizations, is going after employers' business in Alabama, Indiana and Florida.
Despite mounting public concern about sky-high pay levels for top-ranked corporate officials, the highest-paid executives at not-for-profit healthcare institutions racked up massive pay increases in 2013.
Thank you for the thought-provoking editorial on the need for further healthcare reform: "Think big of healthcare finance reform".
As healthcare costs continue to squeeze budgets, employers are looking for ways to save money without alienating workers. And for one corporate giant, that means using the size of its workforce to negotiate directly with health systems.
Twenty physician specialties received a pay hike in 2014, while only three specialties saw their average pay decline from 2013 to 2014, according to Modern Healthcare's 22nd annual Physician Compensation Survey. The largest pay increase last year was in urology.
Ascension Health, Dignity Health and Tenet Healthcare Corp. have reached a definitive agreement in a joint venture that would make Tenet the majority owner of the Carondelet Health Network in Arizona.
Accretive Health, the beleaguered revenue-cycle management firm, is evaluating its next move after turning down a takeover offer from Ascension Health. The Chicago-based company is working with law firm Kirkland & Ellis as it undertakes a strategic review.
Ascension Health, Dignity Health and Tenet Healthcare Corp. have reached a definitive agreement for a joint venture that would make Tenet the majority owner of the Carondelet Health Network in Arizona.
Ascension CEO Anthony Tersigni shrugs off pending and possible deals between large insurers. The system, he says, is preparing to take on risk itself for self-insured employers.
Ascension intends to sell two Pacific Northwest hospitals to for-profit Capella Healthcare for undisclosed terms.