Community Health Systems

NEW REPORT: Just 34.5% of reviewed hospitals fully compliant with federally mandated price transparency rule

Retrieved on: 
Thursday, February 29, 2024
Hospital, Marist, Multimedia, CMS, PRA, Democrat, UPMC, Avera Health, Medicare, Community Health Systems, Patient, HCA Healthcare, Kaiser Permanente, Tenet Healthcare, Advocate, Senate, Health insurance

Despite stagnant compliance, the Centers for Medicare & Medicaid Services (CMS) has issued penalty notices to only 14 hospitals .

Key Points: 
  • Despite stagnant compliance, the Centers for Medicare & Medicaid Services (CMS) has issued penalty notices to only 14 hospitals .
  • The Braun-Sanders Senate Health Care PRICE Transparency Act 2.0 (S. 3548) is a bill that deserves the full support of the Biden Administration.
  • The latest review of 2,000 hospitals across the United States found:
    Only 689 hospitals (34.5%) were fully compliant with the rule.
  • Analysis for this report found more hospitals posting multiple files, instead of the single file required by the rule.

Community Health Systems to Webcast Fourth Quarter and Year-End 2023 Conference Call

Retrieved on: 
Tuesday, February 6, 2024
Nursing, Health, Hospitals, Practice Management, Other Health, Managed Care, Community, Community Health Systems, Central Time, CYH

Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its fourth quarter and year-end 2023 conference call.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its fourth quarter and year-end 2023 conference call.
  • The conference call is scheduled to begin at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time, on Wednesday, February 21, 2024.
  • During this call, Community Health Systems will review the Company’s financial and operating results for the fourth quarter and full year ended December 31, 2023.
  • Once connected, request to be joined into the Community Health Systems, Inc. call.

Community Health Systems Completes Data Migration and Implements New Generative AI Innovations with Google Cloud

Retrieved on: 
Wednesday, January 31, 2024
Cloud, Community Health Systems, Workflow, HIPAA, MD, Google Maps, Social determinants of health, BigQuery, Patient, CYH, CHS, Google Cloud, Computer, FHIR, Roger Hawkins (drummer), Hospital

SUNNYVALE, Calif. and FRANKLIN, Tenn., Jan. 31, 2024 /PRNewswire/ -- Community Health Systems, Inc. (NYSE: CYH), one of the nation's leading healthcare companies, and Google Cloud today announced that CHS has completed migration to a Fast Healthcare Interoperability Resources 1 (FHIR)-based clinical data platform and is now implementing new generative AI (gen AI) innovations using Google Cloud technologies.

Key Points: 
  • SUNNYVALE, Calif. and FRANKLIN, Tenn., Jan. 31, 2024 /PRNewswire/ -- Community Health Systems, Inc. (NYSE: CYH), one of the nation's leading healthcare companies, and Google Cloud today announced that CHS has completed migration to a Fast Healthcare Interoperability Resources 1 (FHIR)-based clinical data platform and is now implementing new generative AI (gen AI) innovations using Google Cloud technologies.
  • Since completing the migration to Google Cloud, CHS has already improved data transparency across its organization and seen improvements in quality, outcomes, and operations.
  • "The goal of this migration extends well beyond modernizing our data infrastructure," said Miguel S. Benet, MD, senior vice president of Clinical Operations at Community Health Systems.
  • "From its migration to the cloud, to its implementation of generative AI tools, Community Health Systems is taking a forward-thinking approach to how it leverages healthcare data."

FTC Sues to Block Novant Health’s Acquisition of Two Hospitals from Community Health Systems

Retrieved on: 
Sunday, February 4, 2024
Social media, Community Health Systems, Life, Commission, Novant Health, CHS, Southeastern United States, GAC, Competition, Death, FTC, Federal Trade Commission, Patient, Hearing, Novantae, Physician, Acquisition, News, District court, Nursing, Blog, Hospital

The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”).

Key Points: 
  • The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”).
  • Novant is one of the largest hospital systems in the southeastern United States including in North Carolina.
  • The FTC alleges the proposed acquisition would likely increase annual health care costs by several million dollars.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

FTC Sues to Block Novant Health’s Acquisition of Two Hospitals from Community Health Systems

Retrieved on: 
Saturday, February 3, 2024
Social media, Community Health Systems, Life, Commission, Novant Health, CHS, Southeastern United States, GAC, Competition, Death, FTC, Federal Trade Commission, Patient, Hearing, Novantae, Physician, Acquisition, News, District court, Nursing, Blog, Hospital

The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”).

Key Points: 
  • The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”).
  • Novant is one of the largest hospital systems in the southeastern United States including in North Carolina.
  • The FTC alleges the proposed acquisition would likely increase annual health care costs by several million dollars.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

PayrHealth Announces New Partnerships and Innovation Executive

Retrieved on: 
Thursday, January 11, 2024
Health, Community Health Systems, Innovation, Walmart, Executive, Partnership, Growth, Management

AUSTIN, Texas, Jan. 11, 2024 /PRNewswire/ -- PayrHealth, the industry's leading Payor Relationship Management solution, is pleased to announce the appointment of Bruce Shepard to the newly-created position of Executive Vice President of Partnerships and Innovation. With a distinguished career spanning over 30 years, Bruce is a nationally recognized healthcare leader known for his expertise in developing and operating value-based care models and fostering strategic partnerships.

Key Points: 
  • AUSTIN, Texas, Jan. 11, 2024 /PRNewswire/ -- PayrHealth, the industry's leading Payor Relationship Management solution, is pleased to announce the appointment of Bruce Shepard to the newly-created position of Executive Vice President of Partnerships and Innovation.
  • Armando Cardoso, CEO of PayrHealth, stated, "Bruce's extensive experience and proven track record in healthcare operations and innovation make him a valuable addition to the PayrHealth team.
  • We are excited to have Bruce contributing to the growth and evolution of PayrHealth - his leadership will be instrumental in guiding PayrHealth to new heights."
  • In his new role at PayrHealth, Bruce will focus on enhancing client experience and fueling organizational growth.

Cadence Releases First Outcomes Report: Remote Patient Monitoring-Powered Chronic Disease Care Offers the Path Forward

Retrieved on: 
Thursday, December 14, 2023
Nursing, Health, Telemedicine, Virtual Medicine, Hospitals, Practice Management, Health Technology, Managed Care, Hypertension, Protocol, Conditional sentence, Federal Medical Centres, Practitioner, Community Health Systems, RPM, EMR, Patient, GDMT, LifePoint Health, Heart failure, Partnership, Growth, Physician, Quality of life, Education, Pharmaceutical industry, Medical device, Cadence

The report finds that an advanced practice provider-led remote patient monitoring (RPM) program with proven treatment protocols provides a scalable solution for chronic care management nationwide.

Key Points: 
  • The report finds that an advanced practice provider-led remote patient monitoring (RPM) program with proven treatment protocols provides a scalable solution for chronic care management nationwide.
  • Improved adherence to all four pillars of GDMT significantly improves clinical outcomes and quality of life for heart failure patients.
  • Across various analyses, Cadence patients also experienced a significant decrease in their total cost of care after enrollment.
  • Taken together, these results underscore the potential for broad-scale change by using RPM-powered virtual care to improve preventative care for patients with chronic disease.

Community Health Systems, Inc. Announces Pricing of Upsized Offering of Senior Secured Notes Due 2032

Retrieved on: 
Tuesday, December 12, 2023
General Health, Other Health, Hospitals, Health, Nursing, Sale, CYH, Issuer, SEC Rule 144A, Community Health Systems, Regulation, NYSE, Senior, Person, Community, Security (finance), Note

Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of $1.0 billion aggregate principal amount of its 10.875% Senior Secured Notes due 2032 (the “Notes”) (the “Notes Offering”).

Key Points: 
  • Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of $1.0 billion aggregate principal amount of its 10.875% Senior Secured Notes due 2032 (the “Notes”) (the “Notes Offering”).
  • The size of the offering was increased by $250 million aggregate principal amount of Notes subsequent to the initial announcement of the proposed offering.
  • The sale of the Notes is expected to be consummated on or about December 22, 2023, subject to customary closing conditions.
  • The Issuer intends to use the net proceeds of the Notes Offering to repurchase and/or redeem $985 million (the “Tender Cap”) aggregate principal amount of its 8.000% Senior Secured Notes due 2026 (the “2026 Notes”) and to pay related fees and expenses.

Community Health Systems, Inc. Announces Increase in Tender Cap for 8.000% Senior Secured Notes Due 2026

Retrieved on: 
Tuesday, December 12, 2023
General Health, Hospitals, Health, Practice Management, Nursing, Sale, Issuer, NYSE, Senior, Mini-tender offer, Community Health Systems, Tender offer, Note, Community, CYH, Tender, Cryptocurrency, Security (finance)

The complete terms and conditions of the Tender Offer is set forth in the Offer to Purchase.

Key Points: 
  • The complete terms and conditions of the Tender Offer is set forth in the Offer to Purchase.
  • The Issuer has retained Citigroup Global Markets Inc. to act as dealer manager in connection with the Tender Offer.
  • The Tender Offer is being made solely by means of the Tender Offer documents.
  • No recommendation is made as to whether holders of the 2026 Notes should tender their 2026 Notes.

Community Health Systems, Inc. Announces Offering of $750.0 Million of Senior Secured Notes Due 2032

Retrieved on: 
Monday, December 11, 2023
Hospitals, Health, Nursing, Practice Management, Sale, CYH, Note, Issuer, SEC Rule 144A, Community Health Systems, Regulation, NYSE, Senior, Person, Community, Security (finance)

Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to offer $750.0 million aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”), subject to market and other conditions (the “Notes Offering”).

Key Points: 
  • Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to offer $750.0 million aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”), subject to market and other conditions (the “Notes Offering”).
  • The Issuer intends to use the net proceeds of the Notes Offering to refinance a portion of its outstanding 8.000% Senior Secured Notes due 2026 (the “2026 Notes”) through privately negotiated transactions, a tender offer and/or a redemption.
  • This press release shall not constitute an offer to repurchase any 2026 Notes.
  • Any offers of the Notes will be made only by means of a private offering memorandum.