Modern Healthcare finance reporter Dave Barkholz speaks with Anthony Tersigni about the drama in Washington over repealing and replacing the Affordable Care Act
Ascension has named Dr. Joseph Cacchione, a former Cleveland Clinic executive, president of its provider organization. In the newly created role, Cacchione will oversee a network of 6,500 employed providers across 16 states.
Ascension posted gains in operating income and net income in its fiscal first half, despite a $198 million, or 23% increase in uncompensated care for people living in poverty.
Rev. Dennis Holtschneider will oversee the Ascension Solutions Division, subsidiaries of Ascension Information Services and the Ascension Ministry Service Center, as well as the system's national strategy and advocacy functions.
Ascension has named Patricia Maryland as CEO of its giant healthcare division, replacing longtime Ascension second-in-command Bob Henkel, who is retiring in June.
Ascension has a letter of intent to sell its 220-bed Ministry St. Joseph's Hospital to the Marshfield Clinic. And over the next three years, Ascension plans to bring all lab work in-house at its 141-hospital system.
Ascension Ventures, the investment arm of hospital giant Ascension, was part of a group that recently invested $20 million in Reputation.com, one the largest and most influential providers of online reputation management services.
The Catholic health system will work with Lyft to ensure that a ride is always available for patients. Ascension is the first major hospital company to engage Lyft, which is rolling out a non-emergency medical transportation business across the country.
Health insurer Aetna and 27-hospital system Texas Health Resources have tapped former Ascension Health executive Jeffrey Cook to head up their jointly-owned health plan announced earlier this year.
Some mission-driven, not-for-profit hospitals are beginning to waive deductibles for low-income patients as the number of Americans in high-deductible health plans rises.
Ascension CEO Anthony Tersigni is planning to meet this week with President-elect Donald Trump's transition team to give input on healthcare reform. As head of the nation's largest not-for-profit hospital company, Tersigni has used his visibility to advocate for access to affordable care.
The American Hospital Association recognized an urgent need to provide a path forward for preservation of essential healthcare services—including local primary care, psychiatric and substance abuse treatment as well as emergency services—in vulnerable rural and urban communities.