Acute Care
The alliance will centralize certain services relating to purchasing and electronic health records and extend physician networks.
New report by Standard & Poor's claims a more diverse payer mix brought about by the Affordable Care Act and a surge in admissions as more Americans have health insurance lifted the sector.
Mercy plans to invest $7 million in the hospital during the next seven years, enhancing the hospital's cardiology, orthopedics and cancer treatment capabilities.
The company earned $38.9 million in the first quarter on nearly $1.3 billion in revenue, pointing to higher admissions across the company.
With Prime's deal dead, and bankruptcy on the horizon, Daughters of Charity executives have several options for possible new deals, including many of the original bidders.
Medicaid expansion, and the rise of insured populations seeking care at the for-profit company's 200 hospitals, pads balance sheet for the Tennessee-based healthcare provider.
Centers for Medicare and Medicaid Services said it expects to include further discussion of the issue in the 2016 prospective payment systems proposal to be published this summer.
Recent purchase of MedExpress gives major boost to insurer's business for walk-in, low-acuity treatments and well as health and wellness services.
The agency had argued that the $195 million takeover violated federal antitrust laws and greatly reduced healthcare competition in the southwest Georgia.
Much of the turnaround can be attributed to expanded insurance coverage under the Affordable Care Act, and to a lesser extent, an improved economy,