The Detroit Medical Center, part of Nashville, Tenn.-based Vanguard Health Systems, is planning a $50 million outpatient facility, according to a Detroit News report.
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From October 2009 through the first quarter of the 2012 fiscal year, the Medicare Recovery Audit program has collected a total of $1.27 billion in overpayments, according to a CMS fact sheet (pdf).
A federal judge has approved the distribution of roughly $200 million in settlement payments from health insurer UnitedHealth Group to physicians from a 2009 class-action lawsuit stemming from low reimbursements of out-of-network services, according to an American Medical Association news…
Ascension Health in St. Louis is looking to shore up its most recent health system acquisition — Arlington Heights, Ill.-based Alexian Brothers Health System — by issuing $600 million in bonds, according to a Crain's Chicago Business report.
In response to a potential ballot measure to cap the pay of executives at Mountain View, Calif.-based El Camino Hospital, the administration has said the executive compensation is on par with industry standards, according to a San Jose Mercury News…
Hospitals and physician practices in Massachusetts and New Jersey with electronic health record systems are starting to see green, as the states recently distributed a combined $54.6 million in federal Medicaid funds for those investing in EHRs.
St. Louis-based Ascension Health has named Katherine Arbuckle CFO, according to an Ascension news release.
Stamford (Conn.) Hospital recently recorded a 6 percent operating margin in its most recent fiscal year, the eighth consecutive year it has recorded a positive margin, according to a hospital news release.
Pittsburgh-based West Penn Allegheny Health System has lost a total of $55.9 million through the first six months of its 2012 fiscal year, compared with a profit of $2.1 million for last year's July through December period, according to WPAHS'…
The following transactions or developments between hospitals and physician groups took place within the past month, beginning with the most recent.