IlliniCare, a private insurer that's part of Illinois Gov. Bruce Rauner's Medicaid managed-care overhaul, is cutting reimbursement rates to medical suppliers by up to 50%.
George Miller Jr., who formerly oversaw a large network of clinics in Texas and was on the Medicare Payment Advisory Commission under Presidents George W. Bush and Barack Obama, took over on Nov. 1.
Like every other service industry on the planet, healthcare must comb through terabytes of data to assess patient needs and develop fresh marketing campaigns that cut across multiple distribution channels, especially digital.
The University of Illinois' new medical school in Urbana-Champaign has earned preliminary accreditation that allows it to accept applications for its first class.
Tenet has been busy shopping around its hospitals nationwide, and now it's sold MacNeal Hospital to Loyola Medicine. Dallas-based Tenet is looking to sell its other three hospitals in the area and exit the Chicago market entirely.
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.
Q&A with the Shirley Ryan AbilityLab's CEO Dr. Joanne Smith: 'Ability is our code word for recovery'
Shortly after becoming CEO of the Rehabilitation Institute of Chicago in 2006, Dr. Joanne Smith gathered her team of scientists, leaders and clinicians and challenged them to set the institution on a new path.
Edward-Elmhurst Health in the Chicago suburbs is cutting 234 jobs through a mix of layoffs and not filling vacant positions. The move comes less than two months after Edward-Elmhurst announced $50 million in cuts amid financial pressures.
The Chicago-area hospital market is notoriously fragmented, competitive and dominated by not-for-profits. The few for-profit players there, notably national hospital chains Quorum Health and Tenet Healthcare Corp., have failed to gain share while their charitable rivals bulk up and expand.
Mark Neaman, one of the longest-serving hospital CEOs in the Chicago area, will be succeeded by Gerald Gallagher, currently chief operating officer of the Evanston, Ill.-based, four-hospital network.
While many large hospital systems have been busy wooing smaller suitors to join their networks, UChicago has mainly expanded its reach through less formal affiliations that give community hospitals the branding power and expertise of UChicago without having to merge.
DuPage Medical Group looks to scale up its independent practice in and around the Chicago area with its $1.45 billion infusion.