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Despite COVID, many wealthy hospitals had a banner year with federal bailout The recipient of $338 million, Mayo Clinic ended the year with revenue that was $202 million higher than in 2019. Mayo recorded a $728 million surplus, which equaled a 5.2% margin. Other health systems, such as NewYork-Presbyterian Hospital and CommonSpirit Health, lost money despite federal grants in the vicinity of a billion dollars each. Written By: Jordan Rau and Christine Spolar / Kaiser Health News | 10:10 am, Apr. 5, 2021 × A banner reading “Ranked #1 in the Nation” is displayed in Annenberg Plaza on Monday, July 26, 2020, at Mayo Clinic in downtown Rochester. (Traci Westcott / twestcott@postbulletin.com) Last May, Baylor Scott & White Health, the largest nonprofit hospital system in Texas, laid off 1,200 employees and furloughed others as it braced for the then-novel coronavirus to spread. The cancellation of lucrative elective procedures a ....
Last May, Baylor Scott & White Health, the largest nonprofit hospital system in Texas, laid off 1,200 employees and furloughed others as it braced for. ....
Despite COVID-19, many wealthy hospitals nationally had a banner year thanks to federal bailout Updated Apr 06, 2021; Facebook Share Last May, Baylor Scott & White Health, the largest nonprofit hospital system in Texas, laid off 1,200 employees and furloughed others as it braced for the then-novel coronavirus to spread. The cancellation of lucrative elective procedures as the hospital pivoted to treat a new and less profitable infectious disease presaged financial distress, if not ruin. The federal government rushed $454 million in relief funds to help shore up its operations. But Baylor not only weathered the crisis, it thrived. By the end of 2020, Baylor had accumulated an $815 million surplus, $20 million more than it had in 2019, creating a 7.5% operating margin that would be the envy of most other hospitals in the flushest of eras, a KHN examination of financial statements shows. ....
Former Spotify exec Erika Clarke and ex-Lifetime exec Colleen Grogan have joined Apple TV+ “as the streamer ramps up its non-scripted efforts,” according to Deadline. Both join as Unscripted Creative Executives reporting to Molly Thompson, who joined as Head of Documentaries and Unscripted in 2019. Here’s the new hires’ backgrounds, per the report: Clarke, who joined in January, was previously exec producer at Spotify Studios, where she co-ran the company’s podcast studio division. Before that, she spent ten years at MTV, part of the team behind Cribs, and was also a producer and director of shows such as The Real Housewives of New Jersey, Travel Channel’s Follow Your Past and CNN Heroes. She was also nominated for an Emmy for her work on White People, a documentary for MTV’s Look Different strand. She will be based in LA. ....