Although Medicare accountable care organizations generated $652 million in savings last year, the CMS still took a loss on the program as most ACOs were unprepared to take on riskier contracts.
It may seem odd that Advocate Health Care is spending big on outpatient facilities while also cutting $200 million from its $5.6 billion budget. The bet, however, is that adding cheaper-to-run outpatient sites will woo more patients. More patients equals growth.
The Illinois Nurses Association, a union created by nurse practitioners, will be the first nurses' union recognized by the state's largest hospital network.
News briefs for the week of May 6.
Advocate, the largest hospital network in Illinois, plans to cut $200 million in expenses as financial pressures mount.
Searching for a doctor in Chicago may soon be as easy as searching for the best Thai food on your block. At least that's the idea at Advocate Health Care. The health system's website will now contain patient star ratings on physician profiles, along with name, specialties and contact information.
Even as the number of Americans without health insurance is at a record low, Chicago hospitals are wrestling with a metastasizing problem: bad debt.
Since 2012, Good Samaritan has been the only facility within Advocate Health Care's 12 acute-care hospital network with a unit dedicated solely to substance abuse detoxification.
A federal judge explained in a new court filing today why he switched from siding with two large suburban health systems that wanted to merge to favoring antitrust regulators that fought the union.
Now that merger candidates Advocate Health Care and NorthShore University HealthSystem have split just shy of the altar, Blue Cross and Blue Shield of Illinois is playing the role of the relative who breathes a sigh of relief.
A federal judge Tuesday ruled against the proposed union between Advocate Health Care and NorthShore University HealthSystem, leading the two hospital systems to announce that they will not continue their merger effort.
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.