Moody’s: For-profit hospitals’ outlook stable but value-based care investments are needed

Moody’s Investors Service maintained its stable outlook for the for-profit hospital industry, predicting some small growth in same-facility revenues and patient volumes while margins would remain flat. Looking ahead, however, it advises facilities to pay more attention to value-based care concepts and new technologies like telemedicine and artificial intelligence.

Ascension forms ‘global supply chain’ joint venture with Australia’s Ramsay

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Ascension Healthcare CEO Patricia Maryland, DrPH, and Ascension CEO Anthony Tersigni, EdD, speaking at the 2018 ACHE Congress in Chicago.

Ascension, the largest nonprofit health system in the U.S., has announced a new joint venture with Australia-based hospital operator Ramsay Health Care Limited to create a global supply chain to reduce costs for Ascension’s 2,600 sites of care and the more than 230 facilities Ramsay operates in six countries.