Not-for-profit hospitals are borrowing at near-record numbers before the end of the year ahead of a sweeping tax overhaul that threatens to end or curtail their ability to issue tax-exempt bonds.
Hospitals and health systems are looking to offset the continued widening gap between the cost of care and Medicare reimbursement, as well as other rising costs.
Trinity Health's first-quarter results were bolstered by a revenue increase and a focus on cost control
As part of its nationwide plan to integrate teams and resources, Trinity Health is combining St. Joseph Mercy Health System and Mercy Health into one statewide system in Michigan.
Trinity Health reported operating income before special items of $266 million in 2017, up from $151 million last year, buoyed by strong acquisitions, volume growth, a better service mix, improved revenue-cycle management and population health risk-share gains, the Catholic-sponsored health system...
Trinity Health is considering issuing $600 million in debt to acquire, construct, renovate or outfit new and existing facilities and snap up a "new regional health ministry," according to a regulatory filing.
In a rare show of solidarity, healthcare providers and insurers united against the latest Republican attempt to dismantle the ACA, which has stalled. Now they are hoping they can build on that teamwork.
Trinity Health of New England President and CEO Christopher Dadlez will step down at the end of the year to pursue other opportunities in healthcare. He led the St. Francis Care system through its 2015 merger with Trinity Health.
A Trinity Health program aimed at helping patients get care remotely is growing beyond its Michigan test bed into six other states, part of a growing move toward telemedicine by an industry looking to save money and improve care.
Mike Slubowski will be president and chief operating officer of Trinity Health effective May 15. For the past seven years, Slubowski has served as CEO of Sisters of Charity of Leavenworth Health System in Kansas.
Cost-cutting and business from acquired Connecticut hospitals vaulted Trinity Health to a solid operating gain in its fiscal first half.
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.