Three out of four healthcare organizations surveyed last year said they were considering a merger or acquisition deal, according to a report from CompHealth. Among the findings: • 51% of healthcare organizations say the cost of care will get better as a result of current M&A activity. • 14% are exploring M&A deals worth $100 million or more in the next 12-18 months. • 49% say the quality of care will get better as a result of the current M&A activity.
Dallas-based Tenet Healthcare has released its 2011 corporate sustainability report, recognized by Global Report Initiative as meeting GRI’s Application Level C Guidelines. Click for a recap of the report.
Texas currently ranks tenth in obesity, but if the state can slim down by 5 percent it could reduce healthcare costs by more than $19 billion in 10 years.
For-profit systems in the second quarter of the year reported weak patient volume and the challenging operating environment is expected to persist, according to a report from Fitch Ratings.
For-profit systems reported weak patient volume for the second quarter of the year, and the challenging operating environment is expected to persist, according to a report from Fitch Ratings. Modern Healthcare reports that investor-owned chains experienced a 2.7 percent decline in admissions. It also notes that high unemployment rates, growing numbers of uninsured patients, and federal and state reimbursement pressures will continue to challenge hospital profitability. At for-profit hospitals, same-facility net revenue increased 3.7 percent; Fitch does not expect to downgrade any ratings in the second half of the year.
The Altarum Institute’s September Health Sector Economic Indicators briefs show an increase in national health spending by 4.2 percent in July 2012 in comparison to one year ago. Though the numbers are up, they still follow the overall slow trend of health spending. The average rate of growth for 2012 of 4.3 percent, a stark contrast from last year’s estimated 5.2 percent. On a yearly average, healthcare prices are at their lowest since January 1999. The Health Sector Economic Indicators briefs, published monthly, offer in-depth briefings on health sector employment (which are also on the decline), spending, and prices and… Full Story
Lewisville’s ClearPoint Diagnostic Laboratories chosen as in-network provider for United Healthcare. UT System to add medical school in South Texas. Northstar Healthcare announces equity restructuring of Dallas-area surgery center. Dallas physician recounts surviving West Nile Virus.