Recent Stories
Providers
Westchester Medical Center Health Network acquires HealthAlliance

Westchester Medical Center Health Network, Valhalla, N.Y., added three more hospitals with the acquisition of HealthAlliance, the latest deal to consolidate New York's Hudson Valley market.
Providers
Illinois approves closure of Franciscan Alliance hospital

The Franciscan Alliance won approval from Illinois regulators to close one south suburban Chicago hospital under a $137 million consolidation plan.
Providers
Knee and hip bundled-payment challenge is about to start

The CMS' bundled-payment pilot for knee and hip replacements, which begins next month, is the first to be mandatory and is projected to save Medicare $343 million.
Providers
Catholic Health Initiatives is reviewing its health insurance subsidiary

National hospital operator Catholic Health Initiatives made an early and decisive push into health insurance after the Affordable Care Act became law. Now that strategy is under review as the system's operations flag.
Providers
Cleveland's No. 2 health system ends year of deals with stable performance

University Hospitals Health System, Cleveland, ended another year of acquisitions with market share gains and a stable operating margin.
Finance
Allscripts is buying stake in Netsmart Technologies

Electronic health record company Allscripts Healthcare Solutions is acquiring a stake in Netsmart Technologies, a private-equity backed behavioral health information technology company.
Providers
Catholic Health Initiatives wrestles with Texas expansion

Catholic Health Initiatives, the national system that has aggressively expanded its reach in recent years, ended its second quarter with gains in Nebraska and Kentucky but weaker results in one of its newest markets, Texas.
Finance
Scripps Health moves to reduce workforce, expenses

Scripps Health announced it will restructure its management and eliminate roughly 100 jobs in a bid to slash operating expenses.
Providers
Presence Health in talks with lenders after 2015 losses

Presence Health is negotiating with lenders after billing and collection failures left the Chicago-based health system in violation of its borrowing agreements.
Finance
Volatile markets bring investment losses, opportunities for not-for-profit hospitals

The nation's not-for-profit hospital operators have billions of dollars in reserves invested in stocks, bonds, private equity and hedge funds. And, like investors everywhere, they have seen recent volatility deliver eye-popping losses—and new investment opportunities.
Providers
Contract labor soars at Trinity Health

Soaring labor costs cut into Trinity Health's operating gains during the final six months of 2015. Contract labor costs at the Livonia, Mich.-based system nearly doubled to $100.4 million from $51 million during the prior year's same six-month period.
Providers
Inova's investment in genomics squeezes margin

Inova Health System, a Virginia health system that in recent years expanded into health insurance, saw its operating margin decline slightly last year as it invested in another new venture.
Providers
Providence experienced higher labor, drug costs last year

Providence Health & Services, a growing regional giant in the Pacific Northwest, ended last year with the same margin as the year before as growing labor costs and pharmaceutical expenses kept pace with higher demand.
Insurance
High deductibles clash with care coordination and primary care

High deductibles add to consumers' financial stress and dissuade some patients from getting needed medical care. That is not only worrisome, but could also block attempts to reform U.S. healthcare, health-policy experts warn in the latest New England Journal of Medicine.
Providers
CMS hits alternative payment model target

The CMS hit its first target for tying more Medicare spending to industry performance on quality and cost-containment.