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More in Financial Management

Seattle-based UW Medicine Center for Behavioral Health and Learning at UW Medical Center-Northwest has shared plans to lay off 32 employees.  The behavioral health hospital is part of Seattle-based UW Medicine.  Twenty-two of the affected employees were probationary and 10…

Moody’s upgraded Toledo, Ohio-based ProMedica Health System’s rating to “Ba1” from “Baa2.”  The upgrade reflects the successful completion of corporate restructuring initiatives and “greater discipline managing core operations, which will help sustain material improvement in financial performance and liquidity,” Moody’s…

Tampa (Fla.) General Hospital has acquired property to house the USF Health Pamela Muma Women’s Health Center and the Chivukula Men’s Center through its partnership with Tampa-based USF Health.  The purchase was made through a $6.5 million donation from Jagadamba…

The Green Mountain Care Board has appointed the former head of Vermont’s Agency of Human Services, Mike Smith, to serve as an independent liaison to Burlington-based University of Vermont Health Network, the Burlington Free Press reported April 17.  Four things…

Two leading voices in the hospital sector are offering sharply different perspectives on the implications of an April 15 executive order issued by President Donald Trump aimed at reducing drug prices, particularly through changes to the 340B drug pricing program.…

Intermountain Health’s Peaks Region, which includes Colorado and Montana, has transitioned five clinical shared service lines to in-house operations.  The move aligns with the Salt Lake City-based health system’s “commitment to simplify, standardize and be good stewards of our resources…

The Lown Institute issued a report April 16 analyzing federal, state and local tax benefits received by more than 1,800 hospitals across 20 states by comparing them to the hospitals’ spending on meaningful community investment. The nonpartisan healthcare think tank’s…

Sharon (Pa.) Regional Hospital has resumed some services after it closed in early January in the wake of Dallas-based Steward Health Care’s Chapter 11 filing. The hospital’s new owner, Tenor Health Foundation, reopened the facility with limited services March 18…

Augusta-based MaineGeneral Health has revised its layoff plans after announcing in March it planned to eliminate about 100 full-time equivalent roles in mid-April. The health system now aims to identify $30 million in savings, President and CEO Nathan Howell said…

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