Caroline Hudson

COVID-19 care declined during the second quarter and so did routine visits, leading to a boom for health insurers and bust for health systems. 

Providence, a not-for-profit health system based in Washington, recorded a $1.84 billion net loss in 2022's first half.

Modern Healthcare’s annual Management and Executive Compensation Survey shows a shift in organizations' priorities.

Cardinal Health’s CEO Mike Kaufmann will step down, effective Aug. 31.

The not-for-profit health system, which operates six day care centers, told employees in July it would end the program later this year, citing financial pressures and staffing issues. 

The integrated health system attributed the losses to investment market conditions.

Large health systems experienced mixed financial results during the second quarter as labor costs and COVID-19 continued to act as headwinds.

Ambulatory care providers led hiring as the healthcare industry added nearly 70,000 jobs last month, according to the Bureau of Labor statistics.

Researchers compiled data from Medicare and the AHA on 5,740 hospitals. 

Yuvo has plans to expand beyond New York into other states, beginning next year.

The new operating model condenses Providence's seven regional divisions into three.

Dr. Joanne Conroy will replace John Haupert, CEO of Atlanta-based Grady, as chair-elect in January 2023.

Strategic conversations about possible combinations are expected to increase, consultants said.

Joseph Fifer, retiring president and CEO, has led Healthcare Financial Management Association since June 2012.

Hospitals said they remain wary of the new omicron variants, despite preparations.