Dr. Rasu Shrestha will join the Charlotte-based health system in February from University of Pittsburgh Medical Center, where he was chief innovation officer. The radiologist will replace Carol Lovin, who was promoted to Atrium's system chief of staff.
Safety-net hospitals, like Mount Sinai on Chicago's West Side, often provide a broad array of community benefit programs that aren't adequately captured by the current tax reporting framework.
Monday marked the first day of a five-day strike for 4,000 mental health workers at about 100 Kaiser Permanente hospitals and clinics in California.
Moody's maintained its negative outlook on the not-for-profit hospital sector as weak volume trends, reimbursement compression, more Medicare patients and growing bad-debt loads will limit revenue growth.
Our latest InDepth Margin vs. Mission looks at how not-for-profit hospitals lack clear guidelines for interventions and funding for community benefit programs, resulting in varied program impact and spending.
Providers are often not held accountable given the vague framework of their community benefit reporting. Some question the regulatory requirements for IRS Form 990 Schedule H reporting, especially since it's hard to tell if not-for-profit hospitals are helping improve communities year over year.
As part of our InDepth Margin vs. Mission, Modern Healthcare analyzed Schedule H in more than 1,500 IRS Form 990s, finding inconsistencies or errors in the section providers use to report the percentage of their expenses used for community benefit.
Our InDepth Margin vs. Mission looks at a coalition of health systems, public institutions, residents and community groups in Chicago tackling social determinants of health and how riots after the death of Martin Luther King Jr. ravaged the city's West Side.
Our latest InDepth: Margin vs. Mission, examines Sutter Health's approach to reporting its community benefit spending, offering an example of how community benefit reporting guidelines can be improved.
Montefiore Health System grew its excess of revenue over expenses 66% year over year in the nine months ended Sept. 30 to $119 million.
UPMC saw strong growth in admissions and observation visits during the first nine months of 2018, as well as strong revenue growth in its outpatient sector.
Mayo Clinic says it expects to spend $908 million over the next three to five years on ongoing construction projects.