San Francisco-based Dignity Health has begun negotiations with an academic medical center in the Bay Area, even as it proceeds with merger talks with Catholic Health Initiatives.
Anthony Jones, a hospital turnaround consultant tapped by Catholic Health Initiatives as its interim operating chief, got a glimpse of the work ahead in a first-quarter operating loss of $217.8 million.
Dignity has entered talks with an academic medical center while still negotiating a possible mega-merger with Catholic Health Initiatives. Dignity's operating performance swung to a $30.8 million gain in the most recent quarter from a $47.5 million loss a year ago.
Shareholder activism and payer consolidation forced hospitals and physicians to muscle up through acquisitions in 2016.
For 35 years, faith-based health systems have been exempt from federal regulations governing their pension plans. Now they face an uncertain financial future until the U.S. Supreme Court weighs in on whether they deserve it.
Lloyd Dean, CEO of Dignity Health, is resigning from the board of directors at Navigant Consulting. Dean is looking to spend more time on Dignity's pending merger with Catholic Health Initiatives.
Trinity Health CEO Dr. Richard Gilfillan was the first director of the CMS Innovation Center, an agency created to test value-based delivery models. In an interview a day after the election, he says he's confident those experiments will continue.
Six months before Dignity Health and Catholic Health Initiatives announced they were in merger talks, the two hospital giants each dispatched small work teams to probe whether a deal was desirable.
If talks between Dignity Health and Catholic Health Initiatives bring them together, the union would deliver complementary geography and potential cost savings. And it could tap Dignity's knack for savvy joint ventures to tackle some of CHI's challenges.
A full merger would create the nation's largest not-for-profit hospital company with combined revenue of $27.6 billion ahead of the $20.5 billion posted by Catholic-sponsored Ascension.
Data Points for the week of Oct. 24, 2016, covered the following topics: Faith-based hospitals, Roman Catholic hospitals and quality at Catholic hospitals.
Data Points for the week of Oct. 10, 2016, covered the following topics: Health environmental policies on energy, energy conservation, renewable energy, daily water consumption per hospital bed, savings from reprocessing medical devices and hospital's share of commercial energy use.