Steward Health Care posts first-ever profit in 2015 | Boston Globe
Steward Health Care System of Boston posted its first-ever profit in 2015, driven by a change in employee pension plans and a drop in expenses. The private-equity-backed company, founded in 2010 to take over the struggling hospitals formerly run by the Archdiocese of Boston, lost money in each of the four previous years. It had a $75 million operating loss in 2014. That reversed to an operating profit of more than $131 million in 2015, according to the company's latest public filings.
About 150 healthcare and service workers at Chestnut Hill Hospital participated in a strike Saturday, calling for higher wages. The strike was organized by the SEIU Healthcare Pennsylvania, which represents certified nursing assistants, emergency room technicians, secretaries, food workers and cleaners.
Data shows power of hospital monopolies in Oregon | Bend (Ore.) Bulletin
Pricing data released by the Oregon Health Authority earlier this month suggest hospitals that enjoy greater market power or a natural monopoly in their area may be able to negotiate higher prices with insurance companies than hospitals that face more direct competition.
Dallas' Parkland Hospital could lose federal windfall | Dallas Morning News
Federal officials have clamped down on a Medicaid windfall for private nursing home chains and scores of county hospital districts in Texas, including Dallas' Parkland system, that have rushed to assume ownership, at least on paper, of nearly 250 nursing homes.
How about treating yourself to a shopping spree after getting good news at your annual physical? That opportunity has arrived, as more mall spaces are being used as medical offices and health centers to resuscitate struggling suburban malls.
A Johnson & Johnson subsidiary has agreed to pay $18 million to resolve charges of causing healthcare providers to submit false claims to Medicare and other federal healthcare programs, which then paid for a device that was illegally marketed.
Faced with superbug outbreaks in three countries by early 2013, Japanese device giant Olympus Corp. told U.S. executives not to issue a broad warning to American hospitals about potentially deadly infections from tainted medical scopes, internal emails show.