Peninsula Hospital in Far Rockaway, N.Y., which owes vendors approximately $13 million and is still losing money, may be shutting down operations within 90 days, according to a NY1 report.
Leadership & Management
Sarasota (Fla.) Memorial Health Care System reported $396.3 million in total operating revenue for the nine months ending June 30, representing a 7.7 percent increase from the same period in 2010, according to a Tampa Bay Business Journal report.
AtlantiCare, based in Egg Harbor Township, N.J., is days away from opening its new $20.6 million health park in Hammonton, N.J., according to a health system news release.
In the opening day of trial, federal prosecutors claim the former CEO of a New York hospital system tried to bribe three state officials with hundreds of thousands of dollars in exchange for favorable treatment for his hospitals, according to…
Ten hospitals sued New Hampshire in federal court yesterday, claiming the state is violating the federal Medicaid Act by providing inadequate reimbursement, according to a Boston Globe report. The hospitals argue Medicaid cuts were made for state budgetary reasons, and…
Advertisement
Blanton Godfrey, PhD, chairman of the Institute for Healthcare Improvement and co-creator of the Malcolm Baldrige Quality Award, is scheduled to speak at the TeleTracking Technologies annual client conference in October, according to a company news release.
California’s Community Memorial Health System and Maine’s MaineGeneral Health — two non-profit systems that rated BBB- or lower — are selling significant amounts of municipal debt this week to finance replacement hospital construction, according to a Bloomberg report. Ventura, Calif.-based…
Investigative reporting outlet California Watch claims Ontario, Calif.-based Prime Healthcare Services has increased its profits by extending patients’ length of stay and overstating their level of illness for economic reasons. The investigation includes testimonies from former Prime employees, who allege…
Nashville, Tenn.-based HCA Holdings has released its earnings for the second quarter of 2011 ended June 30, 2011. While the company's revenues were up 4 percent to $8.1 billion compared to the second quarter of 2010, net income attributable to…
Nearly $306.7 billion in federal payments that should be distributed in August, including Medicare and Medicaid funds, are at risk if leaders fail to reach an agreement to raise the federal debt ceiling before Aug. 2, according to a CNN…