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Ascension revamps to enter new era

Ascension revamps to enter new era

By Alex Kacik  |  March 31, 2018

The largest Catholic health system in the country plans to reduce its hospital footprint and reshuffle its leadership structure as it looks to grow its billing, investment and other ancillary businesses.

Ascension Ventures putting its money to work

Ascension Ventures putting its money to work

By Tara Bannow  |  March 31, 2018

After closing its fourth fund at $255 million in the fourth quarter of 2016, Ascension Ventures is in full-on investment mode, having invested in six companies so far. The head of Ascension Ventures said he plans to invest in about 20 companies using the fourth fund.

Ascension to hire chief digital officer

Ascension to hire chief digital officer

By Alex Kacik  |  March 26, 2018

The new executive, who will join the St. Louis-based system from a major publicly traded technology company, signals Ascension's increasing investment in its digital platform.

Ascension layoffs in Michigan total 500 so far

Ascension layoffs in Michigan total 500 so far

By Jay Greene  |  March 12, 2018

Ascension Health in Michigan is nearly complete with its employee layoffs and management restructuring as it has laid off 500 workers, including 20 executives or managers, at its 14 hospitals in Michigan.

Investors watching for rebound with R1 RCM's Friday earnings release

Investors watching for rebound with R1 RCM's Friday earnings release

By Tara Bannow  |  March 08, 2018

Outside of small contracts, R1 RCM hasn't announced major revenue-cycle clients it didn't already have ties with since its 2011 partnership with Intermountain Healthcare. Investors will closely watch Friday's financial release for signs the company, formerly Accretive Health, is on the rebound.

Ascension's operating margin dips in latest earnings report

Ascension's operating margin dips in latest earnings report

By Tara Bannow  |  February 19, 2018

Ascension saw its operating margin squeezed during the latter half of 2017 as a result of slumping admissions and revenue lost from divestitures. At the same time, the system has managed to draw more revenue per discharge.

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