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Healthcare Job Cuts up 97% From 1st Half of 2022
The finding comes from a July 6 report from Challenger, Gray & Christmas, a global outplacement and business and executive coaching firm that examines job cuts by U.S.-based employers.
Massachusetts Hospital Sues Architect, Alleging Firm Cost it Medicare Certification
With a final price tag of the new hospital at $89 million, the damages sought in the lawsuit would equal roughly 9 percent of the total project cost.
AI Creates a Flurry of M&A Activity in Healthcare RCM and HCIT
Between January 2020 and March 2023, over 725 RCM and HCIT transactions closed and more than $150 billion traded hands in these transactions.
Altas Partners Closes $4B Fund with Patient Approach to Deals
The fund attracted commitments from LPs including Alaska Permanent Fund, which allocated $40 million and $50 million to its predecessor, and the San Mateo County Employees' Retirement Association, which committed $25 million in 2022.
Physician Compensation Rising in Primary Care
Primary care compensation went up an average of 6.1%, beating pay raises of 1.5% and 1.6% for medical and surgical specialties, respectively, according to AMGA’s 36th annual 2023 Medical Group Compensation and Productivity Survey.
SC Health System Pays $36.5M Settlement Under False Claims Act
St. Francis Physician Services, St. Francis Hospital and Bon Secours St. Francis Health System (collectively “St. Francis”), owner and operator of the St. Francis healthcare system, agreed to the payment
$12B in Hospital Bonds Impaired
According to Municipal Market Analytics, nearly 4% of all hospital municipal bond debt is outstanding. The debt crisis is at its worst level in the past 15 years, including during the 2008 financial crash.
Indiana Further Restricts Physician Noncompete Agreements
The Indiana legislature first addressed physician noncompetes about three years ago.
Best Buy Health President Shares Growth Plans
As president of Best Buy Health, Deborah Di Sanzo leads three focus areas for the company’s at-home health strategy: wellness at home, aging at home and care at home.
Berkshire Health Systems Seeks Approval to Reopen Critical Access Hospital in MA
Under the CAH license, North Adams Regional Hospital would hold up to 25 inpatient medical/surgical beds, as well as operating rooms; imaging, lab, and pharmacy services; and an emergency department.