The Livonia, Mich.-based system posted net income of $467.5 million on revenue of $4.3 billion for its first quarter ended Sept. 30. That compared to a loss of $287.2 million on revenue of $3.8 million in the year-earlier quarter.
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.
CEO Dr. Richard Gilfillan previously led the Center for Medicare and Medicaid Innovation, which pilots value-based reimbursement experiments. Modern Healthcare Editor Merrill Goozner spoke with Gilfillan the day after the general election.
Trinity Health ended its fiscal year with lower margins as it suffered from a massive $65.3 million liability charge this year for its Ohio Medicare Advantage plan Medigold and higher labor and supply costs.
Data Points for the week of Oct. 24, 2016, covered the following topics: Faith-based hospitals, Roman Catholic hospitals and quality at Catholic hospitals.
Dr. Mike Schatzlein, senior VP of Ascension Health and ministry market executive for Ascension's Indiana and Tennessee markets, will retire after six years with the St. Louis-based system, effective Dec. 31.
Edward Lamb was named president and CEO of Mount Carmel Health System in Columbus, Ohio, part of Trinity Health, effective in November.
The U.S. Supreme Court made its first move toward weighing in on whether Dignity Health and faith-based companies have to comply with federal regulations for costly worker pension plans.
Emotional distress cannot be used to challenge Catholic health directives and providers' refusal to conduct abortions, a federal appeals court ruled Thursday.
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.
Dr. Norvell Coots is now the president and CEO of Holy Cross Health, a two-hospital system based in Silver Spring, Md., part of Trinity Health.
After several years of continued Medicare reimbursement cuts and financial penalties under the ACA that have dampened profitability, the five systems in metro Detroit that reported 2015 financial data to Crain's Detroit Business positively rebounded by treating more patients and continuing to hold...