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President Barack Obama's re-election turned out to be great news for the country's major for-profit hospital operators, as most of…
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President Barack Obama's re-election turned out to be great news for the country's major for-profit hospital operators, as most of their stocks posted large one-day gains following the results.
Operating income at University of Pittsburgh Medical Center (pdf) in the first quarter ended Sept. 30 dropped 53.5 percent, from $155 million last year to $72 million this year, due to non-recurring meaningful use payments, physician recruitment costs and pressure…
Twenty states will operate their own insurance exchanges in 2014, while more than a third will turn to a federally run exchange, according to a report from The Hill.
President Barack Obama's re-election was a major event for the entire country, but it's a relatively neutral event for the credit of non-profit hospitals, according to a report from Moody's Investors Service.
Now that this year's local, state and federal elections have been decided, the hospital and health system sector can finally breathe a small sigh of relief that there is some finality in regard to the future of healthcare reform.
Dominic Nakis, CFO of Oak Brook, Ill.-based Advocate Health Care, has been with the organization since its inception in 1995, and now the health system is one of the preeminent institutions in the country for healthcare reform and financial stability.
A sharp rise in outpatient surgeries and several cost containment measures helped Dallas-based Tenet Healthcare (pdf) record a profit of $40 million in the third quarter of 2012 — more than six times its $6 million profit from the third…
The five largest commercial and investor-owned health insurers — UnitedHealth Group, WellPoint, Aetna, Cigna and Humana — posted a massive cumulative profit of $3.64 billion in the third quarter of the 2012 fiscal year.
Health insurer WellPoint's net income in the third quarter of fiscal year 2012 increased 1.2 percent from a year ago, from $683.2 million in 2011 to $691.2 million this year.
Saint Anthony Hospital, a 151-bed safety-net facility that primarily cares for the poor and minority population in southwest and west Chicago, has launched a campaign against the Illinois Department of Healthcare and Family Services, saying the state has unlawfully withheld…