Trinity Health’s Operating Income Climbs 76% to $266M
“Livonia, Mich.-based Trinity Health’s operating income before other items increased 76 percent year over year to $266.1 million in fiscal year 2017, as the 93-hospital health system benefited from acquisitions, according to bondholder documents,” reports Becker’s Hospital Review. “Trinity Health said revenues increased 7.9 percent year over year to $17.6 billion in the most recent fiscal year. The revenue was largely attributable to the acquisition of health systems in Connecticut, as well as volume growth, revenue cycle initiatives and payment rate increases. The system also benefited from ACO and bundled payment improvement initiatives and premium revenue from the system’s Medicare Advantage plans.”
CHRISTUS Health’s Digital Transformation Reimagines Healthcare Technology and IT
CHRISTUS Health was the first healthcare organization to receive an award for strategy and innovation. This award-winning strategy and transformation began, when six years, “a decision was made to relocate the company’s base of operations, its home of over 150 years, from Houston to Dallas.” To read the journey and details of CHRISTUS’s strategy and innovation over the last few years, visit Business Review USA or click here.
How Providence St. Joseph Health is Using Tech to Engage, Empower Patients
“Dr. Amy Compton-Phillips, EVP and chief clinical officer at Renton, Washington-based Providence St. Joseph Health, took the stage today [October 23] at the HIMSS Media Big Data and Healthcare Analytics Forum to discuss how her organization uses digital tools to engage and empower patients,” reports Mobi Health News. “’We stole our chief digital officer from Amazon,’ Compton-Phillips said. ‘He’s the guy who pretty much led building the Kindle. His mantra is ‘It’s all about the interface’.’ The first such app Providence St. Joseph launched was a pregnancy tracker. Then building off of that app, the health system created apps for parents of children up to age 18. Through its spinout Xealth, doctors at Providence St. Joseph can prescribe apps to patients, including digital therapeutics like Omada’s prediabetes program or an app for end-of-life planning that includes video explanations of different procedures. All these initiatives are based on the idea of a patient as a partner in his or her own care, Compton-Phillips said.”
Dignity Health, Select Medical to Merge Urgent Care Businesses
“Dignity Health and Select Medical on Monday [October 23] announced plans to merge their urgent care businesses in an effort to better align care delivery, Alex Kacik writes for Modern Healthcare. Dignity is one of the largest not-for-profit providers in the United States, overseeing operations for more than 400 care centers, including 39 hospitals, in 22 states,” Advisory Board reports. “Dignity’s urgent care subsidiary, U.S. HealthWorks, operates about 250 clinics in 21 states. Select Medical is one of the largest specialty hospital and outpatient rehabilitation clinic operators in the United States, overseeing operations for 102 long-term acute-care hospitals and 21 acute rehab hospitals across 28 states. Select’s joint venture subsidiary, Concentra Group Holdings, operates 315 occupational health centers in 38 states.”
Mercy Health Helps Employees Buy Homes
“Mercy Health wants to help upgrade the neighborhood surrounding Mercy St. V’s. and it’s willing to help employees buy homes in the area in an effort to do that,” according to ABC 13. “The Mercy Health Employee Assisted Housing Program provides $5,000 grants to purchase a home with a 5-year forgivable note. There are no income restrictions other than secured employment with Mercy Health and in good standing. The homes must be purchased in the Cherry Street Legacy Neighborhood.”
