Community Health Systems
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How Did The 3 Biggest For-Profit Hospital Chains Perform in Q2?
HCA and Tenet reported net incomes for the second quarter, while CHS posted a net loss. All three health systems found themselves in a better financial position in Q2 2023 than they were in Q2 of last year, driven in large part by declining contract labor expenses.
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Healthcare’s Recent Cybercriminal Activity Attributed to Ransomware Gangs Cl0p & LockBit
Federal officials are sounding the alarm on two ransomware groups that are actively targeting the healthcare sector: Cl0p and LockBit. In recent months, the groups have been exploiting three known software vulnerabilities in cyberattacks they have waged against healthcare businesses across the country.
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Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
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2022 Was Hospitals’ Worst Financial Year in Decades, But 2023 Won’t Be Much Better
Financial analysts have said that 2022 may have been the worst year for hospital finances in decades. This year looks like it will be yet another year of financial underperformance, with rural providers in especially dire circumstances.
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Nurses union’s protest of Community Health Systems goes beyond JPM
At JPM earlier this month, National Nurses United protested CHS and its CEO, Wayne Smith, who was speaking at the conference. But the union’s protests in San Francisco are part of a larger effort to force CHS to change.
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What were the top healthcare CEO salaries last year?
Check out who made the list from healthcare and life sciences.
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Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
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Detroit Venture Partners [hearts] Motor City (Morning Read)
Detroit Venture Partners wants its portfolio companies to move their operations to the heart of Detroit in the hopes of transforming the Motor City into a vibrant startup community like Boston and San Francisco, according to Xconomy Detroit.
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Obama hails bill averting doc pay cut… for now (Morning Read)
The U.S. House gave final approval on Thursday to a bill that would avert a 25 percent cut in Medicare payments to doctors by freezing reimbursement rates at current levels until the end of next year, reports the New York Times. President Obama, who hailed the nearly unanimous action by Congress, promised to sign the legislation.
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Biotechs must collaborate or die, says consultant (Morning Read)
International consulting firm PricewaterhouseCoopers says biotechnology companies must collaborate to produce more efficient and cost-effective medicines or face extinction in a new report called Biotech Reinvented.
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Forum Health sale to close today, CEO to be appointed soon
The $120 million sale of three-hospital system Forum Health to Franklin, Tennessee-based Community Health Systems Inc. (NYSE:CYH) is expected to close sometime today.
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Forum Health’s $120M sale nears completion
Forum Health’s $120 million sale to a for-profit Tennessee company appears to be nearly wrapped up now that Ohio’s attorney general has given his blessing to the deal.
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Some hospitals make huge profits (Morning Read)
The average American hospital barely breaks even, according to Forbes’ first survey of America’s most profitable hospitals. But the most profitable hospital in the country — 235-bed Flowers Medical Center in Dothan, Alabama — recorded a 53 percent operating margin and belongs to the for-profit Community Health Systems (NYSE: CYH) chain in Brentwood, Tennessee.