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After a lengthy debate, Fulton County (Ga.) Commission agreed to give struggling Grady Memorial Hospital in Atlanta $10 million to…
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After a lengthy debate, Fulton County (Ga.) Commission agreed to give struggling Grady Memorial Hospital in Atlanta $10 million to cover payroll for the next month, according to a report in the Atlanta Journal-Constitution.
The top 20 executives of the Jackson Health System, which operates hospitals in Miami-Dade County, Fla., volunteered to take a 4-5 percent pay cut, forgo car and executive allowances and consider giving up five days without pay, according to a…
WakeMed, an 870-bed healthcare system based in Raleigh, N.C., plans to eliminate almost 30 vice presidents, directors and managers out of a total of 85 laid-off workers in an effort to head off a projected loss of reimbursements, according to…
Boston-based Caritas Christi Health Care is on track to post $31.1 million in operating income for the fiscal year ending Sept. 30, up more than $50 million from 2008, according to a report in The Boston Globe.
Moody’s Investors Service reports that key financial measures for not-for-profit hospitals declined during fiscal year 2008, according to a release from the Hospital and Health System Association of Pennsylvania.
Medtronic has announced its first-quarter 2010 financial results and is reporting revenue of $3.9 billion, up 6 percent from $3.7 billion in first-quarter 2009, according to a Medtronic news release.
U.S. hospitals would see a net gain of $16 billion over the first 10 years of health reform, rather than the $155 billion loss announced in an agreement between the hospital industry and the White House in July, according to…
Healthcare providers are seeing revenues drop due to decreased demand for less urgent or elective care, more patients unable to pay their medical bills, significant losses in investment income, less charitable giving and cuts in state and federal health care…
An analysis of hospital finances by Thomson Reuters finds that the median profit margin of U.S. hospitals increased from 0.17 percent in the third quarter of 2008 to 3.1 percent in the first quarter of 2009, according to a release…
Financing and access to capital are critical to hospitals' operations, as financing helps hospitals fund projects and provide liquidity to maintain and improve patient care.