Bay Area Hospital announced plans last Friday, June 16, to discontinue its home health services on its road to financial recovery.
As part of the hospital's financial turnaround plan, it lists the high cost of temporary labor during the pandemic, increased expenses and falling insurance reimbursement rates as the reason they need to eliminate the service.
The Pender County Board of Commissioners voted unanimously to finalize an agreement with Novant Health during a special called meeting on Friday, June 16.
The University of Kentucky will stop operations at Good Samaritan Hospital in 2029 and move those services to the areas of Chandler Hospital that are planned for expansion in coming years, the university said Thursday.
The decision by North Carolina lawmakers to expand Medicaid will come with a billion dollars of new federal funds for the state. But the House and Senate disagree on how to spend the money.
The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months.
Nearly all members of the decision-making committee believe the central bank will need to impose at least one additional rate hike this year, Fed Chair Jerome Powell said at a press conference.
"Insufficient due diligence," turnover in management and "inadequate in-house real estate expertise" were contributing factors to VCU Health's costly exit from an ill-fated downtown development, according to a third-party review presented Wednesday.
The report from the law firm that conducted a monthslong review found that the health system’s handling of the proposed redevelopment of the city’s Public Safety Building “followed a pattern of prioritizing mission, vision and values over financial terms.”