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Boston-based Partners HealthCare posted a $45 million gain for fiscal year 2009, after posting an $18 million deficit for the…
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Boston-based Partners HealthCare posted a $45 million gain for fiscal year 2009, after posting an $18 million deficit for the first nine months of FY 2009, according to a report in The Boston Globe.
Pittsburgh-based West Penn Allegheny Health System reported a net profit of $4.3 million for the first quarter of fiscal year 2010, a marked improvement over the $16 million loss the system posted for the first quarter of FY 2009, according…
As the recession continues to beat up on the industry, we asked a number of hospital executives where they expect to still make a profit in 2010. Here are nine ways they suggest.
The operating margins of hospitals in New Jersey fell to 0.2 percent in 2008, their lowest point since 1999, according to the New Jersey Hospital Association cited in a report by the Philadelphia Business Journal.
A report issued by the White House Office of Management and Budget found that Medicare, Medicaid and Medicare Advantage programs spent $54 billion in improper payments for healthcare in fiscal year 2009, an increase of $26 billion over FY 2008,…
If 373-bed Jefferson Regional Medical Center in Pittsburgh were located in another part of the country, it could be earning hundreds of thousands more each year in Medicare reimbursements for the exact same services, says Jefferson Regional's CEO, Tom Timcho.
Six Massachusetts hospitals with high proportions of government funding are suing the state, saying they were not paid the full Medicaid funding they were owed, according to a report by WBZ Radio.
Some Cincinnati area hospitals are performing better than others, as Ohio hospitals prepare to start paying a new a franchise fee that will be used to increase Medicaid payments to them, according to a report by the Cincinnati Enquirer.
IASIS Healthcare, which owns or leases 15 acute-care hospitals and one behavioral health facility, with a total of 2,853 beds, reported a net loss of $30 million for the fourth quarter compared to the same period last year, according to…
Blue Cross Blue Shield of Massachusetts and Boston-based Caritas Christi Health Care have signed a five-year contract that would pay hospitals on a global payment system opposed to the current fee-for-service system, according to a report in the Boston Globe.