The Hennepin County Board of Commissioners will vote today on a resolution to take over management of Hennepin County Medical Center, as the county hospital faces a budget shortfall. According to county and hospital officials, the county's safety-net hospital system — including HCMC in Minneapolis — has seen an operating loss for seven of the past eight years. Hospital and county officials have said the hospital risks closure this year, or could face steep cuts to staff and programs.
Atlanta-based 1st Choice Credit Union, which serves Grady Health System employees, announced in July that it will merge with Mississippi-based HOPE Credit Union and its affiliates, Hope Enterprise Corp. and Hope Policy Institute. 1st Choice currently manages over $32 million in assets and serves nearly 8,600 members. It operates locations at Grady Memorial Hospital and in the Sweet Auburn neighborhood and is affiliated with the Morehouse School of Medicine, Emory School of Medicine, Southside Medical Center, Atlanta Life Insurance Company, and the South Fulton Community Development Corporation.
Over the past decade, pharmaceutical companies have released carefully curated 'price transparency' reports that make it appear the prices of their medicines are barely increasing — or even going down. But the reports disclose no pricing information about specific drugs, manipulating the reality of how much Americans spend on prescription drugs.
The 49-bed DeSoto Memorial Hospital in Arcadia issued a request for proposals that could lead to new ownership or outside control — just as looming Medicaid cuts and a wave of rural hospital closures leave communities like this one increasingly vulnerable. The hospital’s RFP invites bids for a long-term lease, merger, joint venture, affiliation or outright sale to another health care organization. Proposals are due Oct. 1, and at least four healthcare organizations have requested tours since the request was published at the end of June.
CMS on Tuesday issued a proposed rule that would increase Medicare hospital outpatient prospective payment system rates by a net 2.4% in calendar year 2026 compared to 2025. This includes a proposed 3.2% market basket update, offset by a 0.8 percentage point cut for productivity.
Genesis HealthCare officials said the Chapter 11 bankruptcy filing will allow the company to restructure its debt while maintaining operations at its facilities. The healthcare operator, with 175 properties in 18 states, filed for Chapter 11 bankruptcy protection Wednesday in the Northern District of Texas, listing more than $1.5 million in unsecured debt to creditors in missed rental payments, pension fund contributions and other unpaid, rendered services.