Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and projected margins will stay in the red for at least half of the nation’s hospitals for the remainder of 2020.
The reality is that an increase in
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Premier
Providence Combines 9 Investments & Acquisitions to Form Tegria
What You Should Know:
- Providence combines nine operating companies to form
Tegria into a comprehensive suite of offerings for organizations across the
health care sector
-Tegria will focus on three key initiatives—healthcare
consulting and technology services, revenue cycle management solutions and
software technology and platforms.
Providence, one of the nation's largest health systems announce the formation of Tegria, a new company designed to provide next-generation
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Revint Merges with Triage to Deliver Comprehensive Revenue Integrity
What You
Should Know:
- Revint,
a leader in technology-enabled revenue integrity solutions for healthcare
providers, announced they will be merging with Triage Consulting Group, one of
the nation’s premier healthcare revenue integrity companies.
- With this merger, Revint continues to invest in its technology and product solutions that recover revenue through a guaranteed ROI model that hospital systems can depend on.
Revint Solutions, a leader in
technology-enabled revenue integrity
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Radiology Partners Acquires MEDNAX Radiology Solutions for $885M
What You Should Know:
- Radiology Partners acquires MEDNAX Radiology Solutions,
a division of MEDNAX, Inc. for $885M in cash.
- The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field.
Radiology Partners
(RP),a radiology practice in the U.S., announced a definitive agreement to acquire
MEDNAX Radiology Solutions, a division
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Cone Health to Merge with Sentara Healthcare Totaling $11B in Assets
What You Should Know:
- Cone Health has signed a letter of intent to merge with
Norfolk, Virginia-based Sentara Healthcare for a combined $11B in assets.
- The merger creates one large health system totaling of
17 hospitals – 11 Sentara hospitals in Virginia and one in Elizabeth City,
N.C., and five Cone Health hospitals in the area surrounding Greensboro.
Cone Health has signed a letter of intent to merge with Norfolk, Virginia-based Sentara Healthcare. The merger will
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Providence Acquires MEDITECH Consulting Firm Navin, Haffty & Associates
What You Should Know:
- Providence acquires MEDITECH Consulting Firm Navin,
Haffy & Associates to combine with Engage IT Services to become a leading
solutions and services provider for the healthcare industry.
- The two firms are part of Providence Services Group (PSG), a family of top-tier healthcare technology services firms, brought together by Providence Health System, as part of Providence's broader ongoing strategy to launch an independent solutions and
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Survey: Alternate Site Providers Report Expanded Adoption of Telehealth
What You Should Know:
- Fifty-nine percent of alternate site providers have expanded their use of telehealth, according to recent findings from Premier Inc.
- Alternate site providers – which include nursing homes
and long-term care facilities account for 40 percent of COVID-19 deaths.
- Premier’s survey was conducted from May 20-June 10, 2020, and sent to a representative portion of non-acute care providers in the Premier membership.
Premier Inc., a healthcare improvement
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Premier & 15 Health Systems Acquires Minority Stake in PPE Company to Address Shortage from COVID-19
What You Should Know:
- Premier and 15 of its members acquired a minority stake in Prestige Ameritech, the nation’s largest domestic producer of face masks, as well as other personal protective equipment (PPE) to address shortage due to COVID-19 pandemic.
- The minority stake represents a long-term strategy to invest in or partner with PPE suppliers that source from multiple regions as well as domestic markets to help ensure that a greater proportion of healthcare products are
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BHE Partners with Premier for Access to All-Payer Database Including COVID-19 Data
What You Should Know:
Boston Health Economics (BHE) inks partnership Premier Inc.
to streamline data analytics and more quickly uncover strategies to
improve patient care.
Researchers and data scientists will have on-demand
access to the all-payer database, including recent COVID-19 data, and the
capability to complete analyses 85% faster and at higher quality than
traditional custom programming.
Boston Health Economics (BHE),
a healthcare
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2020 MedTech Breakthrough Award Winners Announced
What You Should Know:
- MedTech Breakthrough announces 2020 MedTech Breakthrough Award Winners that recognizes the top companies, people, platforms, and products in the health, fitness, and medical technology industries today.
- The 2020 MedTech Breakthrough Awards program is open to all individuals, companies, and organizations involved in producing digital health and medical technology products and services.
MedTech
Breakthrough, a market intelligence organization that recognizes
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