Joe Carlson January 05, 2009 When hospital executive Jim Casanova gets stressed, he likes to think about a little refrigerator magnet he received as a gift a few years ago. ... FULL STORY
Joe Carlson January 05, 2009 Though stress in the C-suite is ratcheting up as finances become tighter each day, industry observers say not all executives should become glum. ... FULL STORY
Rebecca Vesely January 05, 2009 Employment-based health clinics are the latest casualty of the ongoing recession, as corporations push off plans to open on-site and near-site clinics and some existing clinics are being considered for the chopping block, industry experts said. ... FULL STORY
Joe Carlson and Jean DerGurahian January 05, 2009 The financial crisis may have upended the initial public offerings of some devicemakers but it didn’t stop St. Jude Medical from going on a year-end $533 million buying spree. ... FULL STORY
Jessica Zigmond January 05, 2009 As the credit markets remain shaky after taking a beating in 2008, access to capital will likely put a strain on post-acute providers looking to invest in facilities and major equipment, experts say. ... FULL STORY
Shawn Rhea January 05, 2009 At least five medical-technology companies have canceled plans for initial public offerings of their stock within the past few weeks as a result of the deteriorating investment market, according to documents filed with the Securities and Exchange Commission. ... FULL STORY
December 31, 2008 Stock markets ended a year of volatility and depressing declines with indices down more than 30%. Healthcare stocks mirrored broader markets. ... FULL STORY
December 30, 2008 American adults say they are worried sick about the economic downturn. Literally. According to a new survey by the AARP, one in five adults said that they suffer from health problems because of financial worries, and 22% said that they have delayed seeing a doctor because of cost concerns. ... FULL STORY
December 30, 2008 Most hospitals responding to a survey in Tennessee have reduced their workforces, and many are even cutting services in response to a recession that appears to be hitting healthcare providers harder than past downturns. ... FULL STORY
December 29, 2008 Hospitals in Alabama are struggling to make ends meet as they see a decline in admissions amid the current financial turmoil and pending cuts to Medicaid reimbursements, according to a survey by the Alabama Hospital Association. ... FULL STORY
December 22, 2008 The economic meltdown takes its toll on the normally recession-resistant healthcare industry. The stock market’s huge drop hammers for-profit chains’ securities along with those of the rest of the market. ... FULL STORY
December 22, 2008 The country enters what some experts predict will be the worst economic downturn since the Great Depression. Wall Street and the nation’s banking system struggle with the damage from a meltdown in mortgage-backed securities and instruments designed to hedge against such a fall. ... FULL STORY
December 22, 2008 Publicly traded health insurers’ profits get hit hard, in part because of exposure to the credit crisis. Companies such as Aetna, Cigna Corp. and Humana report third-quarter losses of 39% to 53%. ... FULL STORY
Melanie Evans December 22, 2008 The alleged Ponzi scheme orchestrated by money manager Bernard Madoff has done little reported damage to healthcare provider investors. But the New Yorker’s arrest has underscored the risks behind opaque investments increasingly found in hospital and health system portfolios. ... FULL STORY
December 19, 2008 Citing economic hardship from the year-old recession, two major health systems in Milwaukee are deferring plans to consolidate operations under a joint organization. ... FULL STORY
December 19, 2008 More hospitals have recorded mass layoffs in 2008 than in any year in the past decade, and there’s still one more month of data to compile. ... FULL STORY
December 19, 2008 United Auto Workers President Ron Gettelfinger said the union would attempt to remove wage and benefit concessions that President Bush attached to $17.4 billion in loans made available to General Motors and Chrysler from the federal Troubled Asset Relief Program. ... FULL STORY
December 19, 2008 As his staff enters a holiday season worried about layoffs, Oregon Health & Science University President Joe Robertson announced that he and his executive team are taking 30% pay cuts. ... FULL STORY
December 19, 2008 Piedmont Healthcare is suspending plans to construct a $193.6 million replacement facility for its Piedmont Newnan Hospital site. ... FULL STORY
December 17, 2008 Boston Medical Center will eliminate 250 jobs and make cuts to various clinical services in an effort to address a $114 million reduction in Medicaid and charity-care payments from the state of Massachusetts in 2009, according to a news release. ... FULL STORY
December 30, 2008 Making health insurance less dependent on employment could induce workers to retire earlier or change jobs more often, says a eport analyzing the implications of various health care reforms. ... FULL STORY
Associated Press December 29, 2008 Health care funds also kept ahead of the broader market. Companies in the sector are seen as less likely to see business fall off in a tough economy. ... FULL STORY
Crain's Chicago Business December 20, 2008 Sickly Chicago hospitals are lining up for a dose of President-elect Barack Obama's economic stimulus. The Illinois Hospital Assn. ... FULL STORY
Cleveland Plain Dealer December 19, 2008 Cleveland Clinic Chief Executive Officer Toby Cosgrove announced to employees that the hospital system has instituted a hiring and salary freeze. However, the freeze does not affect employees needed for direct patient care, said hospital spokeswoman Eileen Sheil. ... FULL STORY
Wall Street Journal December 19, 2008 The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration. ... FULL STORY
Reuters December 17, 2008 Bristol-Myers Squibb Co. said it would cut another 10% of its global workforce by 2010 as part of a cost-savings plan that had already targeted thousands of jobs. ... FULL STORY
Minneapolis Star-Tribune December 17, 2008 The nation's credit crunch is forcing the University of Minnesota Medical Center to delay construction of a $200 million building for outpatient care. The Ambulatory Care Center is the biggest local medical-construction project so far to fall victim to the economy. ... FULL STORY
Crain's New York Business December 16, 2008 The ailing economy has forced the New York-Presbyterian Healthcare System to pull out of a deal to take over New York Westchester Square Medical Center. ... FULL STORY
Boston Globe December 15, 2008 The recession is forcing many Massachusetts hospitals to reconsider ambitious expansion projects, put major purchases on hold, and eliminate jobs as revenues and investments shrink. ... FULL STORY
BusinessWeek December 12, 2008 These are terrible times for traditional equity research. However, despite the tough times, smart investors may need to beef up research coverage of one important topic: Washington politics. ... FULL STORY
Publication name goes here December 12, 2008 A bailout-weary Congress killed a $14 billion package to aid struggling U.S. automakers Thursday night after a partisan dispute over union wage cuts derailed a last-ditch effort to revive the emergency aid before year's end. ... FULL STORY
BusinessWeek December 11, 2008 The war between the intangible and tangible sectors of the U.S. economy is over—and intangibles have won. The intangible sector, which includes such industries as education and health care, has received far less attention than autos and housing. ... FULL STORY
Boston Globe December 10, 2008 Boston Mayor Thomas Menino is planning to tackle an issue that has long bedeviled a city rich with not-for-profit universities and hospitals: how to wring more money out of revered institutions—many of them quite wealthy—that are exempt from property taxes. ... FULL STORY
MSNBC December 08, 2008 For GM to really compete, the company needs to greatly reduce its debt burden and long-term health-care costs. Together, interest payments and retiree medical costs add up to roughly $8 billion a year in cash. Interest from $18 billion in government loans will be another $900 million a year. ... FULL STORY
Forbes.com December 05, 2008 Unionized autoworkers are a favorite scapegoat for the problems facing U.S. automakers. But the U.S. automakers probably would have collapsed by now if not for the concessions made by the United Auto Workers union over the past three years. ... FULL STORY
New York Times December 04, 2008 United Auto Workers President Ron Gettelfinger said his members were willing to sacrifice job security provisions and financing for retiree healthcare to keep the two most troubled car companies of the Big Three out of bankruptcy. ... FULL STORY
Associated Press via Yahoo December 02, 2008 Federal health officials estimate that the struggling economy will speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care. ... FULL STORY
