8 must-read articles for healthcare leaders this week

Start your week off right by taking a look at some of Becker's Hospital Review's top stories from last week.

1. Northwell Health to shut down insurance arm

New Hyde Park, N.Y.-based Northwell Health will wind down is health insurance business, CareConnect, over the next year, according to Bloomberg.

2. Tenet board upheaval could lead to activist campaign

Two board members of Dallas-based Tenet Healthcare who work at Glenview Capital Management resigned last week, which could lead to an activist campaign at Tenet.

3. BJC Healthcare sells shuttered 127-bed hospital for $13

St. Louis-based BJC Healthcare sold Mineral Area Regional Medical Center, a shuttered 127-bed facility in Farmington, Mo., for $13 in May, according to the St. Louis Post-Dispatch.

4. Presence Health to join Ascension

St. Louis-based Ascension, the nation's largest nonprofit Catholic health system, signed a nonbinding letter of intent to acquire Chicago-based Presence Health, Illinois' largest Catholic health system.

5. Providence Health & Services lays off 210 employees

Providence Health & Services, a 50-hospital system based in Renton, Wash., began eliminating jobs last week as part of a system-wide cost cutting plan, according to The Oregonian.

6. Rush files suit over $18M patient monitoring system

Chicago-based Rush University Medical Center late last week filed a lawsuit over a patient monitoring system that allegedly put patient safety at risk, reports Chicago Tribune.

7. Bethesda Hospital Foundation 18th organization to cancel event at Mar-a-Lago

Boynton Beach, Fla.-based Bethesda Hospital Foundation, which owns Bethesda Health also in Boynton Beach, pulled its annual Women of Grace luncheon from President Donald Trump's estate at Mar-a-Lago in Palm Beach, Fla., Aug. 24, the Chicago Tribune reports.

8. 6 thoughts on business strategy in changing times

In the time of activist investors, unlikely M&A pairings, business changes driven by digital transformation and more, it's no surprise when high-performing leaders take a step back to gain clarity and reassess their own strategic goals.



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