Cost-cutting and business from acquired Connecticut hospitals vaulted Trinity Health to a solid operating gain in its fiscal first half.
Cleveland Clinic ended 2016 with a steeper decline in operating income than even CEO Dr. Toby Cosgrove had projected. The 14-hospital system posted a 71% drop in 2016 to $139.4 million from the $480.2 million reported in 2015.
New York City Health & Hospitals reported a $776 million operating loss for the first half of fiscal 2017, according to unaudited financial statements.
Ascension will sell St. Joseph Regional Medical Center in Lewiston, Idaho, to for-profit hospital chain RCCH Healthcare Partners.
The super-hot rate of healthcare job growth has started to abate after hospitals and health providers have staffed up since 2013 to care for 20 million newly insured people under the Affordable Care Act. The same can't be said for health spending.
The co-founder of a Massachusetts compounding pharmacy was acquitted Wednesday of causing the deaths of 25 people but convicted of other racketeering charges in a nationwide meningitis outbreak in 2012.
PBMs and tech startups are responding to underinsurance and the onslaught of high-deductible health plans by cutting out insurers in the quest to help patients lower their prescription drug costs.