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Tenet board loses Glenview members

Tenet board loses Glenview members

By Dave Barkholz  |  August 18, 2017

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.

Chen's 22% stake in CHS carries clout—with or without a board seat

Chen's 22% stake in CHS carries clout—with or without a board seat

By Dave Barkholz  |  August 17, 2017

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.

Edward-Elmhurst Health eyes $50 million in cuts

By Kristen Schorsch  |  August 16, 2017

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.

Detroit's Straith Hospital expands into interventional pain center program

Detroit's Straith Hospital expands into interventional pain center program

By Jay Greene  |  August 15, 2017

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.

C-suite pay raises target transformational healthcare leaders

C-suite pay raises target transformational healthcare leaders

By Alex Kacik  |  August 14, 2017

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.

Road gets rockier for hospital stocks

Road gets rockier for hospital stocks

By Dave Barkholz  |  August 14, 2017

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.

Hospital volumes laid low by high-deductible health plans

Hospital volumes laid low by high-deductible health plans

By Dave Barkholz  |  August 10, 2017

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.

'Micro-hospital' draws suit from a full-sized rival

'Micro-hospital' draws suit from a full-sized rival

By Nona Tepper  |  August 10, 2017

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...

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