Consultants brought no ‘meaningful changes’ to hospitals: study
Nonprofit hospitals may have gotten a raw deal on the millions to billions of dollars they spent on management consulting...
Providence trims 2025 operating loss to $132M, notches Q4 gain
Providence made another substantial dent in its annual operating losses as it pared back non-core service, reduced its headcount and...
Ascension narrows H1 operating loss to $139M
Ascension’s finances continued their upward trajectory in the quarter ended Dec. 31 as the nonprofit’s trimmed portfolio and “access-focused strategies”...
31,000 Kaiser Permanente workers announce Jan. 26 strike
Kaiser Permanente is staring down the barrel of a 31,000-worker strike across more than two dozen hospitals and clinics. The...
ChristianaCare, Virtua Health call off $6.3B merger plans
ChristianaCare and Virtua Health have pulled the plug on their merger plans, jettisoning a deal that would have created a...
CommonSpirit Health’s Q1 operations battered by inflationary pressure, reimbursement challenges
CommonSpirit Health’s operations saw year-over-year improvement for the quarter ended September 30, but the nonprofit health system continues to be...
Kaiser Permanente logs 0.7% operating margin for Q3 2025
Kaiser Permanente and its subsidiaries posted a $218 million operating income, or a 0.7% operating margin, for the third quarter...
UPMC flips operations from $313M loss to $349M gain in H1 2025
The University of Pennsylvania Medical Center (UPMC) continues to flip last year’s losses, reporting this week a $348.6 million operating...
Ascension launches new institute to vet, deploy innovations
Ascension is taking a more intentional approach to innovations with a new unit dedicated to exploring, vetting and deploying tech...
Providence restructure cutting 600 FTEs
Providence said it launched a restructuring this week that will bring a reduction of 600 full-time-equivalent positions. The major nonprofit,...
