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.
Although a bump from the same period last year, the second-quarter earnings are short of the record $1 billion earned in the first quarter.
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.
Following divestiture of three hospitals, IU Health's operating income tumbled 46% in the second quarter as revenue fell but expenses rose.
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.
Rural hospitals, already struggling after years of cuts to the growth of Medicare reimbursement, fear the plan to end Medicaid expansion and drop billions from the program would mean many would have to close their doors.
Our series explores the link between behavioral health and chronic disease; assesses the promise of the 21st Century Cures Act; and profiles organizations making a difference on the front lines.
Hospitals that provided the most care to uninsured patients in New York City received the least in state reimbursements for providing such care, new research shows.