LifePoint Health CEO Bill Carpenter used an analyst forum Wednesday to introduce his new CFO Michael Coggin and explain more fully how a physician departure at one of its 67 hospitals upended second-quarter earnings.
Murphy will receive a base salary of $1 million plus a signing bonus of $2.8 million. TeamHealth is about to be supplanted as the nation's largest physician staffing company. When a merger between Amsurg and Envision Healthcare is complete, that combined company will hold the crown.
Steve Tucker, 61, has been named CEO of Conemaugh Health System based in Johnstown, Pa., part of Duke LifePoint.
Beth Killoran has been named CIO of HHS, a cybersecurity and privacy protection position she's held in interim capacity for eight months.
LifePoint Health reported a net income drop in the second quarter of almost 60% to $20.1 million. The hospital chain's CEO said the lion's share of the earnings miss was caused by the abrupt departure of several physicians at an undisclosed hospital.
Duke LifePoint Healthcare, a joint venture of LifePoint Health and Durham, N.C.-based Duke University Health System, has signed a letter of intent to acquire Good Shepherd Health System, a two-hospital system in Longview, Texas.
The CMS says it's well on its way to dragging hospital systems into the brave new world of risk-based contracting. The systems say, not really.
The Federal Reserve decided Wednesday to hold interest rates at historic lows, continuing the positive borrowing environment that has aided hospitals and the healthcare industry for years.
A half-century after formation of the Federation of American Hospitals, for-profit hospital chains have moved beyond a scandal-plagued past to forge a permanent place in the healthcare landscape that features both collaboration and competition with not-for-profit systems.
Kevin Donovan was named president and CEO of Laconia, N.H.-based LRGHealthcare, effective mid-June. He takes the helm from former CEO Seth Warren, who stepped down in March.
As hospital margins on traditional fee-for-service Medicare patients plunged deeper into the red, cost-cutting at hospitals has allowed many to make up those losses from their commercially insured clientele.
Hospital operator mergers have created big—sometimes behemoth—health systems that will provide the scale necessary to achieve operating efficiencies and compete for more cost-conscious consumers. So they say. But some of the biggest mergers in recent years have so far failed to deliver.