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Ascension Health sees Q1 net loss as investment returns slump

By Beth Kutscher  |  November 14, 2014

Ascension Health, the third-largest health system by revenue, reported an $87 million net loss in the first quarter of its fiscal 2015, ended Sept. 30, as it incurred $220 million in losses on its investments.

340B hospitals protest Genentech's cancer-drug distribution plan

By Jaimy Lee  |  October 23, 2014

A group of hospitals that participate in the federal 340B drug-discount program have joined the debate about Genentech's decision to distribute three of its most expensive and commonly used cancer drugs through specialty distributors rather than standard wholesalers.

Provider, pharmacy sector see lively quarter

Provider, pharmacy sector see lively quarter

By Beth Kutscher  |  October 18, 2014

The mergers and acquisitions storm in the life sciences blew in fast and furious in the second quarter and petered out just as quickly. But the ripple effect roiled subsectors of the healthcare industry that previously had been quiet.

Dignity, Tenet, Ascension detail Arizona Carondelet deal

By Melanie Evans  |  October 18, 2014

Dignity Health would invest $30 million in cash and take a minority stake in a proposed Arizona joint venture with Tenet Healthcare Corp. and Ascension Health, according to a bond offering by Dignity.

Reform Update: Ascension Health bars Genentech sales reps from its hospitals

Reform Update: Ascension Health bars Genentech sales reps from its hospitals

By Bob Herman  |  October 02, 2014

Pharmaceutical giant Genentech has come under a maelstrom of criticism from hospitals for its decision to change its distribution methods for three widely used cancer drugs, and now the nation's largest not-for-profit health system is responding with a bold message.

Providence Health launches $150 million tech venture fund

Providence Health launches $150 million tech venture fund

By Bob Herman  |  September 18, 2014

Providence Health & Services, the fifth-largest not-for-profit system in the country by revenue, has started a venture capital fund to develop innovative, consumer-driven technology. A former Amazon.com executive will run the new undertaking.

Reform Update: Anthem's Vivity alliance with seven L.A. systems aims at Kaiser

Reform Update: Anthem's Vivity alliance with seven L.A. systems aims at Kaiser

By Melanie Evans  |  September 17, 2014

News of an unusual joint venture between Anthem Blue Cross and seven Los Angeles health systems signaled new competition for Kaiser Permanente, the integrated health system with one of California's largest insurers. It also underscores the eagerness across the industry to broker novel and riskier...

Ascension enters joint venture to deliver post-acute care

By Melanie Evans  |  September 15, 2014

Ascension Health is launching a post-acute-care joint venture with the ambulatory-care subsidiary of Envision Healthcare, a publicly traded outsourcing company for physician services and medical transportation.

Ascension Health appoints Anderson CFO

Ascension Health appoints Anderson CFO

By Bob Herman  |  September 11, 2014

The nation’s largest not-for-profit health system is getting a new top financial executive. Ascension Health, headquartered in St. Louis, said Rhonda Anderson will become chief financial officer, effective Oct. 13.

IT entrepreneurs rush into healthcare, but will human touch be missing?

IT entrepreneurs rush into healthcare, but will human touch be missing?

By Darius Tahir  |  September 06, 2014

The vision of providing better, faster, cheaper and more consumer-friendly healthcare is shared by many digital health and telehealth startups. Still, shifting healthcare services to the digital realm involves new challenges in ensuring quality and appropriate utilization.

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