New accounting guidance changes the way hospitals report bad debt, which complicates community benefit reporting for not-for-profit health systems.
Atrium Health and UNC Health Care signed a letter of intent to create a joint venture last August. Atrium on Friday put those talks on hold.
Presence Health and Ascension Health's merger creates the largest hospital network in Illinois based on number of hospitals, surpassing Advocate Health Care.
Mercy Health and Bon Secours Health System plan to merge, forming a 43-hospital organization that serves seven states with $8 billion in net operating revenue, the systems announced Wednesday.
Larry Goldberg, 56, will be president of the university medical division at Banner Health, a not-for-profit based in Phoenix with 28 hospitals and other ventures in six states.
Ascension and Presence Health signed a definitive agreement to bring Presence into Amita Health, a joint venture between Ascension and Adventist Midwest Health. The two systems signed a letter of intent six months ago.
Sens. Orrin Hatch and Charles Grassley want to know whether not-for-profit hospitals are abusing their tax-exempt status and what the IRS is doing about any potential violations.
The Texas system saw a strong first half for its fiscal 2018, including an operating margin of 8% compared with 4.7% in the first half of 2017. That comes after its profit grew 149% year-over-year in fiscal 2017.
Atrium Health, previously Carolinas HealthCare System, and Navicent Health signed a letter of intent to merge, the organizations announced Thursday.
The American Hospital Association's newly released 2018 report on hospital finance and utilization trends shows that collective profits among the nation's roughly 4,800 community hospitals increased to $76.1 billion in 2016, up from $73.3 billion in 2015.
Cooper University Health Care has dropped plans to buy three Trinity Health hospitals in New Jersey, citing compliance, legal, regulatory and operational reasons. The two systems signed a letter of intent in August.
A handful of California hospitals are asking the state's attorney general to let them lower their state-mandated charity care costs, after the AG's predecessor denied the requests. Now that more patients have insurance, the hospitals say the need for charity care is far lower.