Community Health Systems

Community Health Systems Completes Divestiture of Three Florida Hospitals to Tampa General Hospital

Retrieved on: 
Friday, December 1, 2023

Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have completed the divestiture of Bravera Health Brooksville (120 licensed beds) in Brooksville, Florida, Bravera Health Spring Hill (124 licensed beds) in Spring Hill, Florida, and Bravera Health Seven Rivers (128 licensed beds) in Crystal River, Florida, along with their associated assets, physician clinic operations and outpatient services, to Tampa General Hospital and certain of its affiliates for approximately $294 million in cash, inclusive of estimated working capital and other purchase price adjustments.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have completed the divestiture of Bravera Health Brooksville (120 licensed beds) in Brooksville, Florida, Bravera Health Spring Hill (124 licensed beds) in Spring Hill, Florida, and Bravera Health Seven Rivers (128 licensed beds) in Crystal River, Florida, along with their associated assets, physician clinic operations and outpatient services, to Tampa General Hospital and certain of its affiliates for approximately $294 million in cash, inclusive of estimated working capital and other purchase price adjustments.
  • The transaction is effective December 1, 2023.

Community Health Systems to Participate in the 2023 BofA Securities Leveraged Finance Conference

Retrieved on: 
Tuesday, November 21, 2023

Community Health Systems, Inc. (NYSE:CYH) today announced that management will participate in the 2023 BofA Securities Leveraged Finance Conference to be held November 27 – 29, 2023.

Key Points: 
  • Community Health Systems, Inc. (NYSE:CYH) today announced that management will participate in the 2023 BofA Securities Leveraged Finance Conference to be held November 27 – 29, 2023.
  • The investor presentation will begin at 8:50 a.m. Eastern time, 7:50 a.m. Central time, on Tuesday, November 28, 2023, and will be available to investors via a live audio webcast.
  • A link to the broadcast can be found at the investor relations section of the Company’s website, www.chs.net , and a replay will be available using that same link.

Community Health Systems’ Decade Long Commitment to Patient Safety Featured in NEJM Catalyst

Retrieved on: 
Wednesday, November 15, 2023

Since then, the hospitals have achieved and maintained an 89% reduction in their Serious Safety Event Rate.

Key Points: 
  • Since then, the hospitals have achieved and maintained an 89% reduction in their Serious Safety Event Rate.
  • Through the PSO, CHS established a safety base-line in 2012 and began its journey to zero preventable harm.
  • “The catalyst in our journey to zero preventable harm was in analyzing baseline data for serious safety events and recognizing that preventable patient harm was occurring, similar to other health systems and consistent with reported trends,” says Lynn Simon, M.D., President, Healthcare Innovation and Chief Medical Officer of Community Health Systems.
  • “Across CHS, safety is a core value embedded in the hearts and minds of our caregivers – a commitment that is constant, unchanging, and unyielding in the face of the latest trends or competing priorities.”

Community Health System Replaces Restaurant Takeout App With Agilysys Mobile POS Solution For Improved Foodservice Experience For Staff

Retrieved on: 
Tuesday, November 14, 2023

To improve service, this Community Health System decided to pilot the Agilysys OnDemand solution to simplify and expedite their ordering, payment and pickup processes.

Key Points: 
  • To improve service, this Community Health System decided to pilot the Agilysys OnDemand solution to simplify and expedite their ordering, payment and pickup processes.
  • Mobile access and convenience stimulate impulse buys, increase order volumes, raise check values and decrease staff workload through self-service.
  • Before Agilysys OnDemand, Community staff, providers and guests used an alternate system for food ordering, but the service was costly and difficult to manage.
  • “Mobile is the new ordering and payment expectation for hospital workers and visitors,” said Jamie Hodgson, vice president of sales, Agilysys.

PayrHealth Announces New Chief Managed Care Officer

Retrieved on: 
Tuesday, December 12, 2023

AUSTIN, Texas, Dec. 12, 2023 /PRNewswire/ -- PayrHealth, the leader in payor relationship management, is pleased to announce the appointment of Scott Dewey as Chief Managed Care Officer. With an illustrious career spanning more than three decades, Scott brings extensive experience. In this role, Scott will lead the advancement of managed care strategies for PayrHealth and its clients.

Key Points: 
  • AUSTIN, Texas, Dec. 12, 2023 /PRNewswire/ -- PayrHealth, the leader in payor relationship management, is pleased to announce the appointment of Scott Dewey as Chief Managed Care Officer.
  • In this role, Scott will lead the advancement of managed care strategies for PayrHealth and its clients.
  • "We are thrilled to welcome Scott Dewey to PayrHealth as our Chief Managed Care Officer.
  • As Chief Managed Care Officer, Scott will be responsible for shaping and implementing PayrHealth's managed care initiatives, driving operational excellence, and optimizing reimbursement strategies for its clients.

Tampa General Hospital Reveals Plan for a State-of-the-Art Pavilion as Part of the Burgeoning Tampa Medical & Research District

Retrieved on: 
Thursday, December 7, 2023

TAMPA, Fla., Dec. 7, 2023 /PRNewswire/ -- Tampa General Hospital (TGH) presented plans today for the new TGH Surgical, Neuroscience & Transplant Pavilion at the Tampa City Council meeting and received unanimous approval to rezone land, paving the way for construction.

Key Points: 
  • The new pavilion will be home to Tampa General's surgical, neuroscience and transplant services.
  • The TGH Surgical, Neuroscience & Transplant Pavilion will be a pillar in the burgeoning Tampa Medical and Research District, anchored by Tampa General and USF Health Morsani College of Medicine, where world-class clinical care, academics, research and biotechnology intersect in the heart of Tampa.
  • The reveal of the TGH Surgical, Neuroscience & Transplant Pavilion comes on the heels of other major announcements by Tampa General in recent weeks.
  • Tampa General is committed to clinical excellence, patient safety, innovation, research, education, and patient satisfaction.

Tampa General Hospital Completes Acquisition of Bravera Health and Introduces "TGH North"

Retrieved on: 
Friday, December 1, 2023

TAMPA, Fla., Dec. 1, 2023 /PRNewswire/ -- Tampa General Hospital (TGH) announced today the completion of its acquisition of the Bravera Health network. The hospitals, clinical operations, services, providers and team members that were previously owned and operated by certain subsidiaries of Community Health Systems, Inc., will form TGH North, a division of TGH and an important extension of one of the nation's leading academic health systems.

Key Points: 
  • TAMPA, Fla., Dec. 1, 2023 /PRNewswire/ -- Tampa General Hospital (TGH) announced today the completion of its acquisition of the Bravera Health network.
  • "By bringing the Bravera Health network into our system and coming together as one organization, we will be stronger in our united mission to transform health care for all Floridians."
  • The creation of TGH North through TGH's acquisition of the Bravera Health network, includes:
    With the addition of TGH North, Tampa General's academic health system now encompasses six hospitals, more than 150 care locations and nearly 14,000 team members and providers.
  • Physicians and team members at TGH North join Florida's coast-to-coast network of leading providers and team members who already make up Tampa General Hospital.

Community Health Systems, Inc. Announces Third Quarter Ended September 30, 2023 Results

Retrieved on: 
Wednesday, October 25, 2023

Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today announced financial and operating results for the three and nine months ended September 30, 2023.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today announced financial and operating results for the three and nine months ended September 30, 2023.
  • The following highlights the financial and operating results for the three months ended September 30, 2023.
  • During the three months ended September 30, 2023, pandemic relief funds did not materially impact net loss attributable to Community Health Systems, Inc. stockholders.
  • During the nine months ended September 30, 2023, pandemic relief funds did not materially impact net loss attributable to Community Health Systems, Inc. stockholders.

Community Health Systems to Webcast Third Quarter 2023 Conference Call

Retrieved on: 
Wednesday, October 11, 2023

Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its third quarter 2023 conference call.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its third quarter 2023 conference call.
  • The conference call is scheduled to begin at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time, on Thursday, October 26, 2023.
  • During this call, Community Health Systems will review the Company’s financial and operating results for the third quarter ended September 30, 2023.
  • Once connected, request to be joined into the Community Health Systems, Inc. call.

University of Phoenix College of Nursing Student and Graduate Honored with Nurse of the Year Award from Community Health System

Retrieved on: 
Wednesday, September 20, 2023

University of Phoenix celebrates College of Nursing student Nou Heu and College of Nursing graduate Susan Thorn, on receiving Nurse of the Year awards from the Association for California Nursing Leaders’ San Joaquin Valley Chapter.

Key Points: 
  • University of Phoenix celebrates College of Nursing student Nou Heu and College of Nursing graduate Susan Thorn, on receiving Nurse of the Year awards from the Association for California Nursing Leaders’ San Joaquin Valley Chapter.
  • Both nurses work for Community Health System, a leading healthcare organization committed to delivering high-quality care to communities in central California.
  • “I am incredibly honored and grateful to receive the Nurse of the Year award,” shares Thorn.
  • The University of Phoenix College of Nursing recognizes that flexible and relevant educational programs are essential to prepare students for contemporary nursing practice.