Operations
Employees at Northwell Health have developed three distinct medical innovations that will take center stage in a new contest: Starting Tuesday, public voting will decide which of the three initiatives will receive $100,000 in additional research support.
The Maine Bureau of Insurance is closely monitoring Community Health Options, as the nation's only profitable co-op under the Affordable Care Act in 2014 posted a net loss of $74 million for 2015 and 2016 this month, according to information on the maine.gov website.
Real estate investment trusts are hoping to bounce back from a rough, and somewhat puzzling, reversal of fortunes in 2015, though investors are already lining up to support companies dealing in healthcare deals.
Valeant Pharmaceuticals International is now searching for a new chief executive officer, having told current CEO Mike Pearson over the weekend that he is no longer in the company's long-term plans. Pearson will continue to serve as CEO and a director until his replacement is appointed.
Northwell CEO Michael Dowling led his team through an exhaustive rebranding process that pushed the system's marketing muscle and leaned on the past experiences of other major system rebrandings.
About a month ago, Hollywood Presbyterian Medical Center became the face of hospital cybersecurity when a malware attack forced them to pay a $17,000 ransom to regain control of their systems. But experts say this type of attack will only become more prevalent as more hackers target the sector.
Gilbert Hospital and Florence Hospital at Anthem, both in Arizona, have announced that they have joined together under common ownership and management, forming a new entity called New Vision Health.
Trinity Health and XPO Logistics have announced plans to build the first of four supply distribution centers in Fort Wayne, Indiana. Expected to create 75 new jobs in the state, the 21-state hospital system hopes the new centers will transform its operation and lowering costs for the community.
A recent American Journal of Managed Care study has confirmed prices for care in a hospital outpatient department tend to be higher than those for the same service performed in a physician's office.
Since 2010, more than 50 rural hospitals have closed across the country and hundreds more are in fragile financial condition. Rural populations have declined, and, in many places, those that remain are largely elderly or uninsured. At the same time, congressional budget agreements and the Affordable Care Act reduced Medicare reimbursement and subsidies for the uninsured. Many rural hospitals have been unable to withstand the revenue losses. The hospital in Fredericksburg, a town of about 10,000 deep in the heart of Texas Hill Country, could easily have faced a similar fate.