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For example, Duke University Hospital had 900 hospital beds but 1,300 billing clerks. [48] [49] Assuming $3.2 trillion is spent on healthcare per year, a 10% savings would be $320 billion per year and a 15% savings would be nearly $500 billion per year. For scale, cutting administrative costs to peer country levels would represent roughly one ...
The hospital chain said that it began cutting costs in labor after the passage of the Affordable Care Act, turning an anticipated $5.2 billion loss to $2.7 in profits over a five-year span. The nonprofit continued cutting jobs even after the healthcare market destabilized. [ 63 ]
In 2014, Dr. Fairfield, the Chief Executive of Northumberland, Tyne and Wear NHS Foundation Trust moved to the trust on the retirement of John Saxby. [4] In march 2016, the trust was rated as "inadequate" by the CQC, and asked Salford Royal NHS Foundation Trust to assume immediate leadership of the trust prior to the future demerger of the North Manchester General Hospital site. [5]
On Tuesday, HCA Healthcare Inc. (NYSE:HCA) reported second-quarter revenues of $17.49 billion, up from $15.86 billion a year ago and beating the consensus of $17.05 billion. The hospital chain ...
In 2021, Kindred was acquired by LifePoint Health, [22] a hospital chain based in Brentwood, Tennessee. A new company, ScionHealth was created and included a combination of Kindred's 61 long-term acute care hospitals and 18 of LifePoint's community hospital campuses and health systems. ScionHealth consists of 79 hospital campuses in 25 states.
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The embattled for-profit hospital chain filed for bankruptcy on May 6 and has been mired in crises involving patients and creditors across several states. ... Fischman signed a two-year contract ...
[41] [43] [44] The acquisition created the third-largest for-profit hospital chain in the U.S. in terms of revenue and the third-largest in number of hospitals owned. [9] [45] Through the end of 2013, Tenet's stock price increased 816 percent, from $4.60 to $42.12, over the previous five years. [46]