Cincinnati-based Bon Secours Mercy Health reported an operating income of $133 million (1% margin) for the year ended Dec. 31, 2024, a significant turnaround from the $172 million operating loss (-1.4% margin) recorded in 2023, according to financial documents published…

Salt Lake City-based Intermountain Health reported an operating income of $370 million (2.2% margin) for the year ended Dec. 31, 2024, up from a $137 million operating gain (0.9% margin) in 2023, according to financial documents published March 18.  Seven…

East Ohio Hometown Pharmacy, a full-service pharmacy in Martins Ferry for East Ohio Regional Hospital employees, patients and the community, will close permanently March 28, according to an outgoing voicemail message from the pharmacy. The message states the pharmacy will…

Irving, Texas-based Christus Health opened its new Christus Health West Beaumont (Texas) on March 19. The hospital campus comprises medical offices, an emergency department, surgical services, advanced imaging, specialized procedures and orthopedic care, according to a March 19 news release…

More than 60 employees from East Ohio Regional Hospital recently approached the Martins Ferry Police Department with complaints, Police Chief Jerry Murphy told Becker’s. Mr. Murphy said the department is looking into the complaints, which are about not getting paid,…

St. Louis-based Homer G. Phillips Memorial Hospital’s board of directors voluntarily surrendered its hospital license March 17 to the Missouri Department of Health and Senior Services, a spokesperson for DHSS confirmed with Becker’s.  When a hospital surrenders its license, it…

Physician compensation is due for transformation as the traditional models based on fee-for-service payments and work relative value units misalign incentives and add unnecessary complexity. “[Fee for service] remains the dominant system in the U.S. paying physicians and hospitals a…

Nashville, Tenn.-based HCA Healthcare CEO Sam Hazen was paid 391 times more than the health system’s median employee in 2024, according to a March 4 proxy statement filed with the Securities and Exchange Commission. Mr. Hazen’s total compensation was $23,799,137…

In early March, Louisville, Ky.-based Baptist Health embarked on a joint venture with Kettering, Ohio-based Alternate Solutions Health Network to expand Baptist’s hospital at home services. Rick Carrico, CFO of Baptist Health, said during a Becker’s CFO+Revenue Cycle Podcast episode…

Academic medical centers are reacting to the Trump administration’s proposed cuts to medical research grants that cap reimbursements for indirect costs at 15%. Here’s what to know. 1. Though the cuts were temporarily blocked March 5 by a judge in…