Industry News

Medicare and Medicaid Bundled Payments
North Philadelphia Health System Files for Bankruptcy

North Philadelphia Health System filed for Chapter 11 bankruptcy Dec. 30 after years of financial troubles. NPHS, which serves some of the poorest neighborhoods in Philadelphia, took a number of steps in recent years aimed at financial improvement, such as receiving a three-year, $8.5 million revolving line of credit from…

healthcare executives on the move
Steward Health Care Names New Chief Medical Officer

The Eagle-Tribune is reporting that Steward Health Care System and Holy Family Hospital announced Dr. Joseph Weinstein as Steward’s new system-wide chief medical officer. Dr. Weinstein was the vice president of medical affairs at Steward Carney Hospital in 2015 and 2016. He succeeds Steward’s first chief medical officer Justine Carr,…

healthcare executives on the move
Henry Ford Health System Welcomes New President and CEO

Henry Ford Health System, one of the nation’s leading comprehensive, integrated health systems, begins 2017 with a new president and CEO. Wright Lassiter, III, who served as system president since December 2014, assumed the role of president and CEO of the $5.5 billion health system on Jan. 1. Lassiter succeeds…

Medicare and Medicaid Bundled Payments
Health First Sees Operating Income Plunge 89% in FY 2016

Becker’s Hospital Review reports Health First experienced an 89 percent decrease in operating income in FY 2016 despite a rise in revenue. The healthcare system reported $1.42 billion in expenses in FY 2016, an increase of 18.3 percent from FY 2015 and far exceeded the revenue growth. Health First’s operating…

healthcare legal - regulatory
Fight for the Christ Hospital Development Continues

Cincinnati.com and the Enquirer report The Christ Hospital is planning to build a $24 million ambulatory surgical center on the former Drawbridge Inn site in Fort Mitchell, KY. A certificate of need hearing was conducted in August 2016 on the proposed project and the next round of hearings is scheduled…

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