Lifespan, Rhode Island’s largest healthcare system, reported a net loss of $49 million for its third quarter, which closed June 30, forcing the hospital owner to institute a recovery plan to address the ongoing effects of the coronavirus pandemic.
A team, including hospital President Tom Dee, appeared before the state’s regulatory Green Mountain Care Board last month to ask for a $188,872,209 budget for fiscal 2023, citing a projected $1.3 million loss for fiscal 2022. The board is charged with controlling health care costs and improving health care outcomes, and approves—or disapproves—hospital budget requests.
A Rhode Island hospital pension plan at the center of a long-running legal battle hasn’t qualified as an ERISA-exempt "church plan" since at least 2013, a federal judge ruled, resolving a lingering question affecting various church-connected entities after other defendants settled.
A recent multi-million dollar class-action settlement brings an end to a nearly decade-old legal battle for local healthcare workers, a case in which one of the original doctors filing suit died before seeing resolution. According to terms announced this month, Catholic Health Initiatives will pay $2.5 million in back wages owed to 67 healthcare workers.
A major private hospital provider is warning operations will be canceled amid a standoff with insurers over who should pay for common surgical items such as staples, sponges and glues.
Eighteen months into the COVID-19 pandemic, Connecticut hospital assets shot up 30 percent to just over $10 billion in the aggregate—their healthiest financial cushion on record.