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.
Ohio Attorney General Richard Cordray has promised to hold the for-profit health system that's buying Forum Health in Youngstown accountable to its charity care commitments in the Youngstown area.
At a time when AI is reshaping pharma, Reverba Global CEO Cheryl Lubbert explained in an interview why empathy, context, and ethics still require a human touch.
Forum Health will reimburse the U.S. government about $2.9 million as a result of a coding mix-up that led to the Youngstown health system overbilling some Medicare patients. Forum, which recently agreed to be sold for $120 million to a Tennessee-based health system, voluntarily disclosed the overbilling problem to the government, a U.S. attorney told […]
The Ohio Nurses Association has objected to selling Forum Health out of bankruptcy court to Community Health Systems in suburban Nashville, Tennessee -- the 11th hour bidder that snatched the Youngstown, Ohio, health system from a privately owned hospital company last week. The nurses' union objected to selling Forum Health to Community Health Systems because it violates work agreements between the union and Youngstown health system, according to the Youngstown Vindicator. The association filed its objection electronically with the U.S. Bankruptcy Court Northern District of Ohio on Sunday, the newspaper reported.
Hospitals could win as much as $16 billion over 10 years from the Obama administration's plan to overhaul the nation's health care system, according to a previously undisclosed analysis by the American Hospital Association. For-profit hospital companies Community Health Systems, which recently acquired Affinity Medical Centerin Massillon, Ohio, Columbia HCA and other hospital groups would receive $171 billion over a decade in reimbursements for the newly insured under legislation that would cover all Americans with health insurance.
An affiliate of Community Health Systems Inc., a for-profit hospital system in Franklin, Tenn., has completed its buy of Affinity Medical Center, a not-for-profit hospital in Massillon, Ohio, for undisclosed terms.
The home care industry is booming. As Baby Boomers age and more families seek in-home solutions for loved ones, demand for home care services is at an all-time high.