The two donations — $4 million from the John S. and James L. Knight Foundation and $1 million from Beverly Olson, a longtime philanthropist and hospital volunteer — will help add new technology to attract the physicians and staff needed to make the new, larger facility successful.
The hospital will be renamed Beverly Knight Olson Children’s Hospital, Navicent Health, to honor Ms. Olson’s contributions to the hospital, which now total $25 million.
More articles on healthcare finance:
Summa Health System to cut 300 jobs due to $60M operating loss
60% of finance executives underestimate impact of QPP, survey says
Hackensack Meridian Health, St. Vincent top achievers in patient pay recovery
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.