Boston hospital mends its finances
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Beth Israel Deaconess Medical Center this week plans to announce its first annual operating profit since the 1996 merger that brought one of the city's premier medical institutions to the brink of bankruptcy.
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Future growth prospects for the Boston-based financial service provider may not be robust.
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When a Blue Cross and Blue Shield of Massachusetts member suffers a stroke, the giant insurer pays the hospital $7,000 on average to cover the care. Medicaid pays an average of $5,441.27.
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The Institute for Healthcare Improvement in Boston, run by Harvard physician Dr. Donald Berwick, will try to save 100,000 patients from fatal medical errors and poor care in the next 18 months by persuading hospitals to improve in six areas.
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Martinsville -- For the second year in a row, Morgan Hospital and Medical Center officials will start the new year with a planned spending increase of more than 20 percent.
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Gov. Blagojevich and state officials breathed a sigh of relief Tuesday as they announced Illinois will get $430 million in federal health care money that should keep hospitals from cutting services for the needy.
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Bank of America will donate $5 million to mostly repay medical school loans of primary care doctors who agree to practice in Eastern Massachusetts community health centers, which are bracing for thousands of additional patients who will have coverage under the state's new health insurance law.
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Kentucky hospitals say the state is short-changing them on a deal struck more than 10 years ago to tax their revenues to raise matching funds for the Medicaid program.
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Children's Hospital, which is bursting out of its Longwood Avenue campus, has purchased Sterling Medical Center in Waltham -- the former Waltham Hospital -- for $53 million in cash from its unrestricted endowment.
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New Boston Fund Inc., a growing real estate investment and development firm founded in 1993, bought the 116 Huntington Ave. office building for $68 million in December 2002, selling it for $77 million late last year. Jerry Rappaport Jr., president, spoke recently with Globe reporter Thomas C. Palmer Jr.
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GPs are to be given their own budgets to pay for services for their patients.
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John Fernandez has worked closely with doctors at Brigham and Women's Hospital for 14 years, making sure the business side of medicine runs smoothly -- and profitably.
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THERE WASN'T a whisper of opposition last week at the state Public Health Council as Massachusetts General Hospital presented its plan to replace some old buildings with a $498 million complex that will include a larger emergency department, 71 surgical suites, and 150 new beds. The council approved the plan unanimously, but the expansion raises the question of whether the ...
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With a major trading-fraud case finally settled yesterday, the Boston-based mutual fund operations of Bank of America are at work on a major restructuring over the coming months that will result in a smaller, more coherent lineup of funds, officials said.
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The D.C. Council voted unanimously yesterday to approve spending $79 million in public funds to help a New England-based company buy Greater Southeast Community Hospital, a commitment that council members said would rescue the only hospital east of the Anacostia River.
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We have managed to keep the major pieces of our fabled Boston healthcare institutions more or less intact so far, but the relentless market keeps testing the system, looking for the weakest link.
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Two East San Jose hospitals owned by HCA Inc. have lost a combined $117.5 million over the last five years, raising concerns that the for-profit hospital chain&#39;s $110 million renovation plans for the area could be in jeopardy.