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Quarterly results from four of the country’s largest nonprofit health systems — CommonSpirit, Providence, Trinity Health and Ascension — spotlight…
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Quarterly results from four of the country’s largest nonprofit health systems — CommonSpirit, Providence, Trinity Health and Ascension — spotlight an industry still caught between progress and pressure. Despite signs of stabilization, the four nonprofit giants continue to wrestle with…
The Illinois Health Facilities and Services Review Board has approved St. Louis-based Ascension’s plans to transition inpatient obstetrics services from Ascension Alexian Brothers in Elk Grove Village to Ascension St. Alexius Women and Children’s Hospital in Hoffman Estates, a health…
King of Prussia, Pa.-based Universal Health Services’ board of directors has authorized a $0.20 per-share cash dividend to be paid on Dec. 15. The dividend will be paid to all shareholders of record as of Dec. 1, according to a…
The second phase of Orlando (Fla.) Health’s demolition plan for its shuttered Rockledge (Fla.) Hospital is set to begin Dec. 1, and last around five months, according to a Nov. 19 post on the city of Rockledge’s website. Orlando Health,…
After a multiyear turnaround from bankruptcy to profitability, Brentwood, Tenn.-based Quorum Health is preparing to launch a management services organization aimed at helping rural hospitals streamline IT and revenue cycle operations. CEO Chris Harrison, who has led the for-profit health…
The Senate Finance Committee led a high-stakes hearing Nov. 19 on the affordability crisis unfolding across the U.S. healthcare system. Lawmakers on both sides of the aisle warned that Americans are facing staggering premium hikes, shrinking coverage options and escalating…
Livonia, Mich.-based Trinity Health recorded an operating income of $77.4 million (1.2% operating margin) in the first quarter of fiscal 2026, up from an operating income of $36.7 million (0.6% margin) during the same period last year, according to its…
Pratt (Kan.) Regional Medical Center has requested aid from Pratt County commissioners amid financial challenges, KWCH reported Nov. 18. In early November, PRMC offered three options to the commissioners, including an extension of current sales tax for bond repayment, an…
As healthcare margins tighten and value-based care gains ground, hospitals are navigating increasingly complex relationships with health plans. During a special session at Becker’s 13th Annual CEO + CFO Roundtable, industry leaders explored strategies for reducing friction, improving contract execution…
Peoria, Ill.-based OSF HealthCare’s certificate of need application has received approval from the Illinois Health Facilities and Services Review Board to consolidate Ottawa, Ill.-based OSF Saint Elizabeth Medical Center’s inpatient obstetrics and intensive care unit services with those at OSF…