Saying they are in financial peril, Oregon hospital systems are fighting bills that would increase their costs while pleading for more than $1 billion a year in help from the recently convened state Legislature.
Mark Foote was hired to perform the critical role of handling John C. Fremont Healthcare District’s financials—which have looked to be anything but positive for the past couple of years.
The Federal Trade Commission was a vocal critic of the proposed merger. Elizabeth Wilkins, director of the FTC Office of Policy Planning said in a statement that it is very good news that the proposed merger is not going to happen. Wilkins said, "The deal presented substantial risk of serious competitive and consumer harm in the form of higher healthcare costs, lower quality, reduced innovation, reduced access to care, and depressed wages for hospital employees."
The leader of Northwest Indiana's Methodist Hospitals is warning Hoosier lawmakers that significant service cuts may be ahead absent a prompt infusion of state funding or a change to federal law.
Thanks to a good month for revenue in December – partly due to a one-time payment – Samaritan Healthcare finished 2022 with a small profit. “We’ve been able to finish off pretty well with revenue,” Samaritan Chief Financial Officer Alex Town said. “For the year to date, we are up 7% (above the budget projection), which is pretty phenomenal for the organization.”