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All posts tagged with “Post-Acute Care News | Hospital News.”
The Center to Advance Palliative Care Celebrates 20th Anniversary of its Palliative Care Leadership Centers
12/07/23 at 03:41 AMThe Center to Advance Palliative Care Celebrates 20th Anniversary of its Palliative Care Leadership CentersNews ReleaseDecember 5, 2023New York, NY—Since 2000, the percentage of hospitals (with 50 or more beds) with a palliative care program has more than tripled, from 25% to more than 83%. Additionally, palliative care has expanded beyond the hospital into community settings such as long-term care facilities, nursing homes, office practices, and patient homes. This expansion and growth has been fueled by the Center to Advance Palliative Care’s Palliative Care Leadership Centers first launched in 2003 with funding from the Robert Wood Johnson Foundation. ... Over the past 20 years, more than 1,300 palliative care teams have trained with a PCLC. And, 80% of them went on to institute palliative care services within two years. Today, there are eight Palliative Care Leadership Centers, including:
Labor challenges slowing nonprofit hospital recovery—Fitch
12/07/23 at 03:24 AMLabor challenges slowing nonprofit hospital recovery—FitchModern HealthcareDecember 5, 2023Nonprofit hospitals and health systems are recovering financially but more slowly than expected, according to a report Fitch Ratings published Tuesday. Much of the sector has broken even in operations on a month-to-month basis in 2023, but it happened later in the year and to a lesser extent than analysts anticipated, the credit ratings agency reported. Labor costs, although softening, remain the top pressure point. Fitch is keeping the nonprofit hospital sector in the “deteriorating” category. Downgrades have outpaced upgrades by about 3-to-1 so far in 2023. Negative rating outlooks grew from 8.9% in 2022 to 10.7% this year. ... In 2024, operational success will largely hinge on how well hospitals recruit and retain employees, Fitch concluded.
After strike, Everett nurses, Providence agree on tentative contract
12/07/23 at 03:20 AMAfter strike, Everett nurses, Providence agree on tentative contractEverett (WA) HeraldDecember 5, 2023Everett, WA—Providence Regional Medical Center Everett reached a tentative contract agreement with more than 1,300 union nurses, the hospital announced Monday. The agreement—reached Friday night—comes after nearly nine months of talks and a five-day strike in November. Nurses walked out Nov. 14 to protest understaffing, the main sticking point between both sides. ... If the new agreement stands, nurses will have a contract that includes most of the terms they have asked for. The nurses’ union, United Food and Commercial Workers 3000, declared victory in a message to nurses Saturday.
Trinity slims operating loss to $58.6M in FY Q1
12/04/23 at 04:00 AMTrinity slims operating loss to $58.6M in FY Q1Becker’s Hospital CFO ReportDecember 1, 2023Livonia, Mich.-based Trinity Health reported an operating loss of $58.6 million (-1% margin) in the first quarter of the fiscal year—the three months ended Sept. 30—compared to a $146.3 million loss (-2.9% margin) during the same period in 2022. For the fiscal first quarter, operating revenue increased 12.4% year over year to $5.6 billion.
Medical City Healthcare buys Wise Health System, increasing D-FW footprint
12/03/23 at 04:00 AMMedical City Healthcare buys Wise Health System, increasing D-FW footprintDallas Morning NewsDecember 1, 2023Dallas-based Medical City Healthcare has again expanded in North Texas with the purchase of Wise Health System, bringing the health system giant to 19 in-patient hospitals. Medical City, a division of HCA Healthcare in Nashville, announced the acquisition Friday, nearly a year after word surfaced of discussions with the Decatur, Texas-based hospital system.
‘Plain old greed’—HCA nurses rally to denounce understaffing, unsafe conditions at hospitals
12/03/23 at 04:00 AM‘Plain old greed’—HCA nurses rally to denounce understaffing, unsafe conditions at hospitalsFlorida PhoenixNovember 30, 2023Judy Preuss, an ICU nurse at HCA Florida Oak Hill Hospital, joined the National Nurses Organizing Committee 13 years ago for the same reason she rallied Thursday afternoon in Tampa with colleagues from other parts of the country: Bargaining to fix understaffing. Oak Hill Hospital, where Preuss has worked for 18 years, is one of HCA Healthcare’s 46 hospitals in Florida. The nurses from the union representing 10,000 registered nurses across the U.S. held a rally at the HCA West Florida Division Office in Tampa.
Northwell’s operating income drops $104M in Q3
12/03/23 at 04:00 AMNorthwell’s operating income drops $104M in Q3Becker’s Hospital CFO ReportNovember 30, 2023New Hyde Park, N.Y.-based Northwell Health reported a $103.9 million drop in operating income in the third quarter, from a $92.4 million gain in the third quarter of 2022 to an $11.6 million loss in the third quarter of this year, according to financial documents published Nov. 29. Revenue increased 5.8% year over year to $4.1 billion while expenses increased 8.6% to $4.2 billion.
Community Health Systems sells three Florida hospitals for $294M
12/03/23 at 04:00 AMCommunity Health Systems sells three Florida hospitals for $294MModern HealthcareDecember 1, 2023Community Health Systems sold three Florida hospitals to Tampa General Hospital in a $294 million cash deal that closed Friday, the for-profit health system announced. The transaction involves the 120-bed Bravera Health Brooksville in Brooksville, the 128-bed Bravera Health Seven Rivers in Crystal River and the 124-bed Bravera Health Spring Hill in Spring Hill, in addition to clinics and outpatient services.
CT presents draft settlement in YNHH-Prospect hospitals sale
12/02/23 at 04:00 AMCT presents draft settlement in YNHH-Prospect hospitals sale
Dartmouth Health says it will not conduct more layoffs
12/02/23 at 04:00 AMDartmouth Health says it will not conduct more layoffs
Cleveland Clinic cuts operating loss to $14.9M in Q3
12/02/23 at 04:00 AMCleveland Clinic cuts operating loss to $14.9M in Q3
Providence posts $310M operating loss in Q3
12/02/23 at 04:00 AMProvidence posts $310M operating loss in Q3
HCA to buy bankrupt Texas hospital
12/02/23 at 04:00 AMHCA to buy bankrupt Texas hospital
Nurses weigh in on proposed Tenet lease for Desert Regional; special meeting date set
12/01/23 at 04:00 AMNurses weigh in on proposed Tenet lease for Desert Regional; special meeting date set
Hospital margins hold steady in October
12/01/23 at 04:00 AMHospital margins hold steady in October
Losses continue at struggling Independence Health System
12/01/23 at 04:00 AMLosses continue at struggling Independence Health System