Community Health Systems

Latest Headlines

Latest Headlines

Moody's: For-profit hospitals' prospects on rise

In recent years rating agencies projected negative outlooks for hospitals due to the lingering  fallout from the Great Recession and the large number of uninsured patients treated at hospitals. But looks like that is about to change, at least in regards to for-profit hospitlas.

HMA hospital billed $89K for treating a snakebite

A North Carolina hospital operated by Health Management Associates, already under fire for allegedly overbilling the Medicare program, recently charged a patient $89,000 for an emergency room visit to treat a snakebite, the C harlotte Observer  reported.

Community Health Systems to buy HMA for $3.6B

Community Health Systems agreed this week to buy Health Management Associates for an estimated $3.6 billion in cash and stock, the  New York Times  reported.

Hospital patient volume continues to fall

Declining admissions that hurt hospital revenue still plague Community Health Systems and other hospital operators, Bloomberg reported.

Tenet, Community Health Systems earnings hurt by prior CMS settlement

First-quarter earnings for two major healthcare systems fell compared with 2012 numbers, but the numbers were skewed by large financial settlements from the Centers for Medicare & Medicaid Services paid in the first quarter of 2012 to cover years of underpayments.

Hospital stocks jump after reform ruling

Stocks of for-profit hospital chains enjoyed healthy gains in the minutes after the high court's ruling. HCA, which owns and operates 163 hospitals in 20 states, was up 11 percent in trading on the New York Stock Exchange.

Healthcare CEOs see biggest paycheck bumps

The healthcare industry saw the largest increases in executive pay out of all sectors, a 7.8 percent jump in 2011, according to a Wall Street Journal and Hay Group CEO compensation survey, released yesterday.

Community Health Systems get $102M from CMS settlement

The industry-wide settlement with the Centers for Medicare & Medicaid Services gave Community Health Systems (CHS) $102 million in revenue for the first quarter of 2012, the Brentwood,

Community Health Systems forms 8-hospital network

Eight Northeastern Pennsylvania hospitals owned by Tennessee's Community Health Systems have formed a new regional health system called Commonwealth Health to unite resources, information and

Former CEO of several hospitals jailed for fraud, bribes, tax evasion

In what could be an addition to the 10 Notorious Healthcare Execs in 2011, ex-hospital leader Abraham Martinez began serving his five years in prison last month for his role in a healthcare fraud