Ascension, the national Catholic hospital giant, is launching its largest ever advertising and marketing campaign to rebrand all of its hospitals with the Ascension name. Ascension also has reorganized into two divisions.
The system's $753 million operating surplus came from $21.9 billion in revenue in its most recent fiscal year, which ended June 30, resulting in a 3.4% operating margin, according to Ascension's financial documents filed with bondholders last week. The operating margin was almost identical to what...
Ascension's operating surplus exceeded three-quarters of a billion dollars last year. The not-for-profit hospital system remains larger than almost all of its for-profit peers.
Hall, 56, has led the Lewisville, Texas-based company for four years, making it the largest operator of free-standing emergency rooms in the U.S. The company grew from 12 facilities to 97.
At least 1,000 unionized nurses, support staff and community leaders have signed a petition to address concerns that Ascension Wisconsin has plans to cut staff and services at St. Francis Hospital in Milwaukee.
The operating margin at Mercy Health, the largest health system in Ohio, fell to a slim 0.9% in the first half of this year. Higher labor expenses and the residual effects from a divested insurer hurt the not-for-profit system.
The operating margin at Mercy Health, the largest health system in Ohio, fell to a slim 0.9% in the first half of this year. Higher labor expenses and the residual effects from a divested insurer hurt the not-for-profit Mercy.
Enduring influence is the central theme for many of the names atop this year's list, Modern Healthcare's 15th annual ranking. Coming in at No. 2 and No. 3 this year are CEOs of two of the nation's largest healthcare systems. The nation's payers are also well represented at the top.
The harsh reality of modern-day America is that the less-educated, hourly workforce is falling further and further behind those still clinging to middle class status and above. This is a fairness issue that today characterizes almost every sector of the U.S. economy—including healthcare.
Beth Killoran has been named CIO of HHS, a cybersecurity and privacy protection position she's held in interim capacity for eight months.
The CMS has identified 10 rural hospitals in Montana, Nevada and North Dakota for a demonstration aimed at serving Medicare beneficiaries in remote locations.
In a conversation with Modern Healthcare editor Merrill Goozner, Ascension CEO Anthony Tersigni explains how the Catholic system's business strategy aligns with its mission to care for all people, particularly the poor and vulnerable.