Detroit Medical Center paid off outstanding debt with operating cash, reducing its cash purchase price to Nashville, Tenn.-based Vanguard Health System by $26 million, according to a Crain’s Detroit Business report.
Leadership & Management
Nashville, Tenn.,-based Hospital Corporation of America is planning to pay $2 billion in dividends to private equity owners, sparking further debate about whether the hospital chain will go public anytime soon, according to a Tennessean report.
The CEO of Covidien said the company's rising sales show hospital capital equipment purchases are growing again, a sign that hospitals are recovering from the recession, according to a report by Reuters.
A bipartisan federal commission's sweeping set of proposals to reduce the federal deficit includes 20 key proposals to cut healthcare spending, such as accelerating cuts in disproportionate share payments, immediately putting hospitals under the purview of the Independent Payment Advisory…
Healthcare fundraising cost significantly more in fiscal year 2009 than in past years to secure gifts and grants, according to a release from the Association for Healthcare Philanthropy.
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Starting Jan. 1, CMS will require hospitals that participate its Hospital Inpatient Quality Reporting Program and have intensive care units to submit data quarterly on central line-associated bloodstream infections, according to a report by the Healthcare Financial Management Association.
Northern Michigan Regional Health System in Petoskey, Mich., will cut dozens of jobs as well as special care nursery and mental health services in order to stem losses, according to a Petoskey News report.
The University of Kansas Hospital announced fiscal year 2010 revenue of $805 million, up 7 percent from $750.5 million in 2009, according to a news release by the hospital.
Members of the Association for Healthcare Philanthropy, which includes 2,200 hospitals, has seen an 11 percent drop in giving from 2008-2009, from $8.6 billion to $7.7 billion. But William C. McGinly, president and CEO of the association, says there are…
Nurses at Eastern Maine Medical Center in Bangor, Maine, have scheduled a one-day strike for Nov. 22 after failing to agree to a contract with the hospital, according to a Bangor Daily News report.