For-profit hospital pilot is no more in New York; Banner Health saved $226M with data-driven supply chain management;

News From Around the Web

> A proposed for-profit hospital pilot program in New York has been dropped from the state's budget, The New York Times reported. Article

> Henry Ford Hospital's aggressive therapy for treating severe infection in the emergency department and intensive care unit has been endorsed as a national practice benchmark by the National Quality Forum, the Detroit hospital announced Monday. Statement

> Banner Health in Phoenix saved $226 million in five years by using data-driven initiatives to align supply chain management with quality improvement, the nonprofit healthcare system announced yesterday. Announcement

> Five more physicians and four more pharmacists have been indicted for alleged involvement in a massive healthcare fraud scheme centered in Detroit, MedPage Today reported. Article

Healthcare Finance News

> Private equity senses a win investing in retail clinics, boosted by the fact that 30 million Americans will be gaining coverage under the Affordable Care Act. Article

> Many hospital CFOs have prepared ahead of time for sequester-related cuts to federal healthcare programs. Article

And Finally… This could save the dying art of letter-writing. Article