December Flash News Today

According to S&P Global's Preliminary Judo Bank Australia Purchasing Managers' Index (PMI), the December flash Composite PMI climbed to a two-month high of 47.4 compared to November's thirteen-month low of 46.2.

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Medical groups generated a profit in 2019, while health system-affiliated groups took losses The numbers dont necessarily reflect worse performance among system-affiliated groups, but rather a different mix of expenses and services. , Associate Editor AMGAs newly released 2020 Medical Group Operations and Finance Survey reveals that, although most groups saw improved financial performance in 2019, independent medical groups generated a profit, while health system-affiliated groups...

Judge signs off on Concord Hospitals acquisition of LRGHealthcare LRGHealthcare filed for bankruptcy in October after years of being in a "precarious financial state." , Associate Editor New Hampshire-based Concord Hospital has been given the green light on its $30 million acquisition of LRGHealthcare, a two-hospital health system that filed for bankruptcy in October 2020. Judge Michael Fagone submitted the approval to the U.S. Bankruptcy Court District of New Hampshires docket on...

Hospital margins continue to fall amid rising expenses Inpatient length of stay went up 8.7% year-over-year, but ER visits fell 15.5% and operating room minutes declined 12.2%. , Associate Editor After months of shaky performance reports from the nations hospitals, November held much of the same, according to Kaufman Halls December Flash report, which examines metrics from the previous month. Hospital operating margins and revenues fell as expenses continued to rise above budget e...