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News
CHS sees strong quarter thanks to HMA purchase, fewer uninsured patients
By John N. Frank | July 31, 2014 | Basic Web Basic Web Subscription Details
Community Health Systems reported strong results in the second quarter thanks to its acquisition of Health Management Associates in January and to the end of abnormal winter weather patterns that had hurt admissions in the first quarter of the year, the Franklin, Tenn.-based provider reported...
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News
HCA earnings get bigger boost than expected from healthcare reform
By Beth Kutscher | July 16, 2014 | Basic Web Basic Web Subscription Details
HCA, the country's largest for-profit hospital chain by revenue, Wednesday previewed strong second-quarter results, highlighting a 12.2% increase in income before taxes. It also raised its financial guidance for the year.
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News
CHS in lead position to buy bankrupt Mississippi hospital
By Bob Herman | July 14, 2014 | Basic Web Basic Web Subscription Details
Community Health Systems is at the front of the line to acquire Natchez (Miss.) Regional Medical Center, a 155-bed, county-owned hospital that filed for bankruptcy this year.
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News
Q2 earnings outlook positive for publicly traded hospital companies
By Beth Kutscher | July 02, 2014 | Basic Web Basic Web Subscription Details
Second-quarter earnings for publicly traded hospital companies are expected to please investors thanks to the initial bottom-line impact of healthcare reform and Medicaid expansion in various states where the companies operate, analysts agree.
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News
Cleveland Clinic strikes new deal with Akron General
By Bob Herman | June 09, 2014 | Basic Web Basic Web Subscription Details
The Cleveland Clinic and Akron (Ohio) General Health System have reached a new agreement for a joint venture roughly five months after nixing a deal that would have included for-profit Community Health Systems.
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Vital Signs
Sparks interim CEO out, reportedly after offensive remark
By Rachel Landen | May 12, 2014
Sparks Health System, Fort Smith, Ark., and its Franklin, Tenn.-based parent Community Health Systems last week dismissed Tim Schmidt as interim CEO of Sparks Health System and Summit Medical Center, Van Buren, Ark. Schmidt's removal came after reports surfaced that he allegedly made an offensive...
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News
Weather walloped CHS harder than its peers, execs say
By Beth Kutscher | May 07, 2014 | Basic Web Basic Web Subscription Details
Severe winter weather hurt Community Health Systems' admissions more than its peers, as a greater number of its hospitals are located in the hardest-hit states, company officials said in an earnings call.
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News
CHS reports lower patient volume, higher expenses since HMA integration
By Beth Kutscher | May 06, 2014 | Basic Web Basic Web Subscription Details
Community Health Systems, in its first earnings report since completing its takeover of Health Management Associates, said the company continued to lose patient volume and booked higher expenses related to the integration.
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Magazine
Tenet, Community Health earnings will fill in Obamacare picture
By Beth Kutscher | May 03, 2014 | Print Magazine Print Magazine Subscription Details
Hospital giants Community Health Systems and Tenet Healthcare Corp. will report their earnings this week, rounding out the initial picture of how Obamacare's insurance expansion is affecting hospitals' bottom lines.
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Magazine
Bonuses still tied to better financials | Use of CEO pay incentives for quality is uneven across for-profit hospital systems
By Melanie Evans | April 26, 2014 | Print Magazine Print Magazine Subscription Details
Quality-of-care performance means more to CEO paychecks at some for-profit hospital companies than at others. Among the five largest publicly traded systems, Tenet Healthcare Corp. and HCA go farthest in tying executive pay to quality-of-care measures.
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