Albuquerque, N.M.-based Presbyterian Healthcare Services’ credit rating was downgraded to “AA-” from “AA” by Fitch. The downgrade reflects several years of weak operating performance at the integrated health system that “consistently fell short of management’s expectations,” Fitch said in a…
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Johnson City, Tenn.-based Ballad Health has appointed a new CEO overseeing two of its hospitals, effective March 23. Kevin Rinks was named CEO of Holston Valley Medical Center and Indian Path Community Hospital, both in Kingsport, Tenn., according to a…
For Bob Riney, president and CEO of Detroit-based Henry Ford Health, the high cost of healthcare is not a pricing problem — it reflects deeper structural flaws in the current financing system. “I think we all have to start by…
A CommonSpirit hospital in Tacoma, Wash., plans to build a 16-bed infusion center in an unoccupied suite, according to permits filed with the city. The hospital, St. Joseph Medical Center, is part of Virginia Mason Franciscan Health, a member of…
In February, CMS released a final report on its Accountable Health Communities model, which launched in 2017 and ran until 2023. The model focused on addressing “upstream drivers of health,” or social determinants, for Medicaid and original Medicare beneficiaries. These…
Ambience Healthcare has been named the 2026 KLAS/CHIME Trailblazer Award winner, an honor recognizing emerging vendors for innovation, impact and client success. The San Francisco-based company announced the award Feb. 23 in a news release. The Trailblazer Award — now…
St. Louis-based Mercy recorded an operating income of $176.1 million (3.3% operating margin) in the first half of fiscal 2026, up from an operating loss of $19.1 million (-0.4% margin) during the same period last year, according to its Feb.…
Dena Caltrider has been named vice president of operations for HCA Florida Palms West Hospital in Loxahatchee, Fla., according to a Feb. 24 LinkedIn post. The hospital is part of Nashville, Tenn.-based HCA Healthcare. Prior to her new role, Ms.…
Trevor Brand was appointed CEO of Sutter Health’s Alta Bates Summit Medical Center, which operates campuses in Berkeley and Oakland, Calif. Mr. Brand will assume the role March 30 and serve as dyad partner to Ursula Boynton, MD, chief medical…
The FDA has approved Allurion Technologies’ gastric balloon system, a swallowable weight loss device that does not require surgery, endoscopy or anesthesia. The device is indicated for adults with a body mass index of 30 to 40 kg/m², potentially expanding…