Glenview Capital Management could soon acquire a larger stake in Tenet and push for change as an activist shareholder, as it has vowed to do. The hedge fund said it could drive change more efficiently outside of Tenet than inside the boardroom.
Chinese billionaire Tianqiao Chen as recently as February used his 10% stake in Legg Mason to gain two board seats at the asset-management firm, including the vice chairmanship for himself. His designs for CHS haven't been made public but he already carries weight with his holdings.
Naperville, Ill.-based Edward-Elmhurst Health is feeling the squeeze of climbing bad debt thanks to high-deductible health plans, soaring pharmaceutical costs and Medicare and Medicaid reimbursements that don't fully cover the price tag of patient care.
For an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively small targets: projects up to $10,000.
Detroit's Straith Hospital for Special Surgery in Southfield is hoping a new pain center focused on procedures and physical therapy instead of medication management will generate 1,300 procedures and a projected $1.5 million in billable revenue its first year of operation, the hospital said.
As executive compensation continues to rise, the biggest pay hikes are being doled out to executives who can lead hospitals and health systems through the industry's transformation into one that favors value over volume.
Weak admissions and a deteriorating payer mix will mark the rest of 2017 after they conspired to ruin the second-quarter earnings season for hospital stocks.
When the 21st Century Cures Act last year included a provision requiring Medicare to account for patient backgrounds when it calculated hospital readmission penalties, safety net providers rejoiced.
Carolinas HealthCare is finding success by converting a hospital into a stand-alone emergency department that offers primary care.
In healthcare, groups such as management, operations, finance and clinical staff tend to form distinct, independent domains, focusing more on their own work rather than on how they can support organizational success.
Patients avoiding elective surgeries and other procedures because of skyrocketing out-of-pocket costs were cited by hospital chains as a primary cause of softening hospital volumes in the second quarter.
The Crystal Lake, Ill.-based Centegra Health System has filed a lawsuit against Mercy Health System and the Illinois Facilities and Services Review Board, alleging that the agency's approval of a new Mercyhealth "micro-hospital" violates the board's own standards, is out of its jurisdiction and...