profit hospital news from FierceHealthcare

Well, folks, if you thought Sen. Chuck Grassley (R-Iowa) was ready to take a breather on the subject of non-profit hospital tax breaks, think again. This week, the Senator used a hearing on... Read more...

Hospital chain Community Health Systems is expecting to make a healthy profit in 2008, but expects to take in less revenue this year than it originally had projected. The company, which just released... Read more...

Despite the challenges they face, U.S. hospitals have actually improved their financial picture in recent years--but that may be about to change, according to a new report. Moody's Investors... Read more...

Watch out, charity hospitals--Sen. Chuck Grassley is coming after you. In recent times, the Iowa Senator has been on the warpath over what he considers to be inadequate levels of charity care... Read more...

Essentia Health of Duluth, MN is picking up a 160-physician practice which will add an additional 22 clinics to its footprint. The Dakota Clinic/Innovis Health, a Fargo, ND for-profit physician group... Read more...

Financial firms aren't happy with not-for-profit hospital performance, and are showing their ire by downgrading credit ratings. According to new data from Moody's Investors Services, downgrades... Read more...

In a deal which should create the nation's largest publicly-traded hospital operator, Community Health Systems has agreed to buy Triad Hospitals for about $6.8 billion, including $5.1 billion upfront and the assumption of $1.7 billion in debt. HCA used to be the nation's top publicly-held hospital firm, but it was taken private in a $33 billion leveraged buyout last year. In agreeing to …

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You know, if this is what "non-profits" do, I'd hate to see the wrath a for-profit hospital would have visited upon the homeless, desperately-ill Carol Reyes. Steal the clothes off of her back? (Oh, wait, it seems someone did that, too.)

As you'll see below, …

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You think your budget is tight?  Try being a New York state-based non-profit hospital. The state's 218 non-profit facilities lost a collective $95.4 million in 2005, putting them at 49th in the country for operating margins, according to the Healthcare Association of New York State (HANYS). HANYS said that 56 percent of the state's non-profits are losing money, breaking even or running margins of less than 1 percent, a dismal situation given …

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With yesterday's Democratic takeover of the U.S. House of Representatives, and the possibility of a Senate win still in the air, what might the impact be on healthcare providers? Not much, at least in the short term, it seems. True, the Democrats have vowed to address the Medicare Part D "donut hole" issue and invest in medical research, including stem cell research. The party also offers a none-too-specific pledge to provide Americans with access to affordable health care. But no one …

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