Mass General Brigham wants to build five projects in Massachusetts, including a new office park at 2 Hill Street in Woburn — a massive outpatient surgery center complete with physician offices and imaging. But competitors say that an expansion of the state’s most-expensive health system would ultimately increase statewide health care spending and threaten community providers just as regulators attempt to prevent both.
Despite recent reform efforts, the United States still has the most expensive health care system in the developed world — with worse health outcomes compared to its international peers and 30 million Americans with no insurance.
The New Hampshire Attorney’s General Office has approved Concord Hospital’s bid to purchase Lakes Region General Healthcare while stipulating certain protections for patients and medical staff. The parent company of hospitals in Laconia and Franklin declared Chapter 11 bankruptcy last year due largely to the costs associated with some $128 million in debt.
Tenet Healthcare has added ~3.5% in the after-hours trading in reaction to better than expected Q1 2021 financials. Net operating revenue has reached $4.7B a ~5.8% YoY growth while adjusted EBITDA excluding $37M of COVID stimulus grant income has approached ~$740M with a ~26.5% YoY growth.
Intermountain has donated $495,000 in scholarships to nine Utah public colleges and higher education schools as part of its Diversity in Healthcare Scholarships initiative to help students throughout the state who have interests in pursuing healthcare careers.
Dozens of patient advocacy groups are angry over an unusual move by a health insurer that recently began offering $500 debit cards to people who agree to switch psoriasis medicines after it removed a widely used drug from several of its formularies.