UMass Memorial Health Care, comprised of five hospitals, will make the largest hospital cutback in Massachusetts this year by eliminating 350 jobs, according to a Boston Globe report.
Leadership & Management
In a letter written to Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Chuck Grassley (R-Iowa), small medical device and pharmaceutical companies as well as small business distributors are attesting to the importance of group purchasing organizations as…
Market research firm Wall Street Equity Research has released a report suggesting that while the hospital sector remains healthy, it faces several pressures including the move toward ambulatory care and accountable care organizations, according to a news release.
Nearly 800 nurses from Children's Hospital Oakland (Calif.) began a three-day strike today after the nurse's union and the hospital were unable to agree on contract terms, according to a Bloomberg Businessweek report.
Rep. Ron Kind (D-Wis.) has introduced a bill that would allow critical access hospitals to include the full cost of certain provider taxes in the costs that determine their Medicare reimbursements, according to an AHA News Now report.
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Operating and balance sheet metrics for small hospitals showed signs of improvement in fiscal 2009, due to steps taken to combat the recession, according to a report overview by Standard and Poor's.
Larger numbers of not-for-profit hospitals fell from investment-grade into speculative-grade financial ratings in the past year and the trend is expected to continue, according to a release from Standard & Poor's.
Prime Healthcare Services, which operates 12 hospitals in California, says a health workers union made unfounded allegations that instigated federal and state fraud investigations of the company, according to a report by the Los Angeles Times.
Mayo Clinic's new Family Birth Center will officially open in Rochester, Minn., on Oct. 13, according to a Mayo news release.
The American Hospital Association is encouraging hospitals to submit responses by Oct. 15 to its quarterly RACTrac survey, according to an AHA News Now report.