Ascension Health took on heavy expenses in fiscal 2018 as it works to standardize its revenue cycle systemwide. The Catholic, not-for-profit health system has a 10-year contract to use Chicago-based R1 RCM as its sole revenue-cycle provider.
Following a multimillion-dollar operating loss in 2017, Summa Health in the first half of this year managed to achieve a $43 million turnaround of its finances and is back in the black.
A number of speakers at this year's Healthcare Financial Management Association's conference urged health system financial executives to set aside their reservations and more fully embrace value-based purchasing.
The deal will allow TriMedx to expand its healthcare clientele and Aramark to focus on its core food, facilities and uniforms businesses, executives said.
After two years of gaining physicians, Hawaii lost 51 full-time doctors in 2017. The state has about 2,900 full-time doctors, approximately 800 short of the number needed across all specialties.
The commerce giant could give traditional industry vendors a run for their money as it eyes electronic health records, retail clinics and other mainstays of healthcare delivery.
Cleveland Clinic, the second largest employer in Ohio, reports that it boosted Ohio's economy by $17.8 billion in 2016, according to the system's latest economic impact report, which it produces every three years.