Five Maryland-based health systems plan to form a non-ownership alliance to strengthen their performance under the state's global budget reimbursement system.
The CMS will not renew a Medicaid waiver in Florida expiring in June that provides more than $1 billion a year to help the state's hospitals cover uncompensated-care costs for low-income and uninsured patients.
WellStar Health System and Emory University have entered discussions to create a combined organization that would bring nearly a dozen hospitals under a single umbrella.
Birmingham, Ala.-based HealthSouth Corp. has agreed to purchase Cardinal Hill Rehabilitation Hospital in Lexington, Ky.
Orlando (Fla.) Health continued to improve its operating margin in its fiscal first quarter with higher admissions and an improved payer mix.
Broward Health is bucking a trend by investing in inpatient rather than outpatient facilities. The Fort Lauderdale, Fla.-based system plans to add 54 inpatient beds to its hospital in Coral Springs.
Inovalon, a firm offering analytics to healthcare customers, is seeking $500 million in an initial public offering, the first digital health IPO of the year. The Bowie, Md.-based company will be listed on the Nasdaq, according to a Securities and Exchange Commission filing.
Hospitals and health systems have been rapidly employing physicians to help meet the goals of healthcare reform. But the integration has been far from smooth.
Florida will liquidate the assets of a Medicare Advantage insurer, ending the company's short and troubled history.
Yet another healthcare worker has been sentenced in connection with a $200 million fraud scheme the federal government has called one of the largest in U.S. history.
Molina Healthcare is expanding its Medicaid business in the Southeast. The publicly traded health insurer has acquired the Medicaid assets of First Coast Advantage, a healthcare plan owned by University of Florida Health Jacksonville.
Iasis Healthcare reported $5.2 million in income in the fourth quarter of its fiscal 2014 as it booked more revenue and saw more patients in its acute-care and health plan businesses. That compares to a $3.6 million loss during the same period last year.
Prime Healthcare Services has entered into a deal to buy another hospital from Community Health Systems, the second this month.
Hill Country Memorial and St. David's HealthCare, both in Texas, are among the four winners of the annual Malcolm Baldrige National Quality Award, a presidential honor recognizing performance excellence.
A subsidiary of for-profit hospital operator Community Health Systems has now acquired full operational control of Gaffney (S.C.) Medical Center. Financial terms were not disclosed.
HealthSouth Corp., a Birmingham, Ala.-based operator of inpatient rehabilitation hospitals, reported a 7.6% decrease in net income in the third quarter as it incurred startup costs associated with new facilities.
Two Kentucky cardiologists have agreed to pay $380,000 to settle allegations that they violated the False Claims Act by entering into bogus management agreements with an area hospital in exchange for referring their patients to that hospital.
Baylor University Medical Center in Dallas has until the end of October to demonstrate to the CMS that it has addressed lapses that have allowed significant numbers of untreated psychiatric patients to walk out of its emergency department without staff realizing they had left.
For-profit hospital giant HCA announced plans to close one of its Florida hospitals because of excess inpatient capacity in the region—a sign that healthcare reform continues to push patient volumes away from inpatient hospital settings and toward lower-cost outpatient facilities.
Three health systems in North Carolina have formed a non-ownership alliance that will allow them to share back-office functions while still maintaining their independence.