Hospital giant HCA reported fourth-quarter revenue of $7.61 billion, up 4.7 percent over the same period a year earlier, but total surgeries were down by 0.1 percent, according to a release from HCA.
LifePoint Hospitals, which operates 50 rural hospitals in 17 states, reported a profit of $38 million in the fourth quarter of 2009, according to a release from LifePoint Hospitals.
Citing higher volume and lower revenues, Moses Taylor Hospital in Scranton, Pa., is laying off 61 full-time employees and putting per-diem employees on notice, according to a report by the Scranton Edition.
At a time when the number of uninsured in New York City is rising, the state is considering cutting funding for the city's public hospitals by up to $370 million, according to a story in The New York Times.
HHS Secretary Kathleen Sebelius has announced $4.3 billion in funding to states to help them offset the cost of Medicare coverage for prescription drugs for state residents eligible for both Medicare and Medicaid, according to an HHS news release.
The not-for-profit healthcare sector has begun to stabilize, but many questions remain about its health in the longer term and Medicaid funding one of the most troubling problems, according to a report from Standard & Poor's.
A new report from the Rhode Island Department of Health details how 100-bed South County Hospital in Wakefield, R.I., went from aggressive construction in 2007 to big debts in 2008 to slow financial recovery starting in 2009, according to a…
With cash collections and excess margins under strain, not-for-profit hospitals have been using investment income, typically used for capital expansions, to supplement cash generated from operations, according to a release from A.M. Best.
Franklin, Tenn.-based Community Health Systems has announced its financial and operating results for the fourth quarter and year ended Dec. 31, 2009, according to a CHS news release.
