Steward Health Care System

Steward Health Care Names Dr. Octavio Diaz as President of Its North Region

Retrieved on: 
Thursday, February 29, 2024
Managed Care, Hospitals, General Health, Health, Boston University, Hospital, Steward Health Care System, Health care, CMO, Commonwealth, Emergency medicine, Rich, Safety, University, Patient, Medicine, Patient safety, Knowledge, Tavi, Public, Nursing

Steward Health Care announced today that Dr. Octavio (Tavi) Diaz, Steward’s Chief Medical Officer is joining the leadership team in the Massachusetts region as President of its North region, effective Thursday, February 29.

Key Points: 
  • Steward Health Care announced today that Dr. Octavio (Tavi) Diaz, Steward’s Chief Medical Officer is joining the leadership team in the Massachusetts region as President of its North region, effective Thursday, February 29.
  • As CMO, Dr. Diaz has played an integral role in leading programs throughout Steward’s network focused on the safety and quality of care for patients and their families.
  • The appointment underscores Steward’s continued commitment to providing high-quality, compassionate care to every patient at each of its seven acute care hospitals in Massachusetts.
  • As Dr. Diaz begins his new leadership responsibilities in Massachusetts, he will be meeting with hospital staff and leaders at each of Steward’s hospitals in the state.

Steward Health Care Announces Six-Point Action Plan and Framework for Future System

Retrieved on: 
Friday, February 23, 2024
Hospitals, Health, State, Local, Public Policy, Government, Nursing, Steward Health Care System, Hospital, Commonwealth, Sale, Letter, Steward, Documentation, Action plan, Communication, Interim, Patient, Finance, Bank statement, MNA

Amidst unprecedented challenges across the health care industry and within its system, Steward Health Care announced today a six-point action plan that will enable the organization to emerge as a sustainable business and move into its next operational phase.

Key Points: 
  • Amidst unprecedented challenges across the health care industry and within its system, Steward Health Care announced today a six-point action plan that will enable the organization to emerge as a sustainable business and move into its next operational phase.
  • To maintain staffing and levels of care, Steward has successfully negotiated new labor agreements with the MNA and SEIU and secured and maintained its robust pension plan.
  • Northeast Restructuring: Steward has retained Alix Partners to advise on a restructuring of Steward to better support their hospitals and continue to deliver high-quality care in community settings.
  • Leadership Communication: Senior Steward representatives intend to meet with public officials in the Commonwealth to discuss the go forward plan for ensuring continued first-class care to its patient population.

Steward Is Committed to Continuing to Work With Governor, Attorney General and State Regulators

Retrieved on: 
Wednesday, February 21, 2024
General Health, Hospitals, Health, Nursing, Health Insurance, Hospital, Steward Health Care System, CMS, YTD, Commonwealth, Public health, AGO, Letter, Steward, Communication, Interim, Administration, House, Medicare, Patient, Suggestion, Tax, DPH, Senate

Let me first make crystal clear that Steward is committed to continuing to work with you and your Administration to ensure continuity of access to high-quality medical care in the communities we serve.

Key Points: 
  • Let me first make crystal clear that Steward is committed to continuing to work with you and your Administration to ensure continuity of access to high-quality medical care in the communities we serve.
  • Our commitment, and our accomplishments, are steadfast and ongoing: Steward hospitals and providers see approximately 1,500 patients every day.
  • You ask us in your letter to partner with your administration on three topics, which I will address in turn.
  • We look forward to continuing a productive dialogue with your Administration to effectuate this plan in short order.

Medical Properties Trust, Inc. Reports Fourth Quarter and Full-Year Results

Retrieved on: 
Wednesday, February 21, 2024
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, MPT, Hospital, Running, Circle Health, Investment, MPW, Steward Health Care System, International joint venture, Table, Growth, Bed, Sale, Exercise, Disclosure, Tenant, Medi-Cal, Patient, St. Francis, Priory Group, NFFO, Medical Properties Trust, Commercial property

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2023, as well as certain events occurring subsequent to quarter end.
  • Medical Properties Trust has total assets of approximately $18.3 billion, including $12.0 billion of general acute facilities, $2.6 billion of behavioral health facilities and $1.7 billion of post-acute facilities.
  • Net loss for the quarter ended December 31, 2023 included several non-recurring write-offs and impairments detailed in the tables below.
  • These adjustments as they relate to fourth quarter and full-year 2023, as well as prior-year reporting, are included in this release and in the earnings supplemental.

Medical Properties Trust Provides Update on Steward Health Care

Retrieved on: 
Thursday, January 4, 2024
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, MPW, Partnership, Norwood Hospital, Sale, LLP, Medical Properties Trust, Steward Health Care System, MPT, Partial, ABL, Investment, GAAP

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced plans to accelerate its efforts to recover uncollected rents and outstanding loan obligations from Steward Health Care System (“Steward”) and related processes designed to significantly reduce its exposure to Steward.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced plans to accelerate its efforts to recover uncollected rents and outstanding loan obligations from Steward Health Care System (“Steward”) and related processes designed to significantly reduce its exposure to Steward.
  • As disclosed in the Company’s third quarter 2023 Form 10-Q, Steward delayed paying a portion of its September and October rent to MPT.
  • There can be no assurance that Steward will successfully execute its plans or that the Company will recover all of its deferred rent and loans outstanding to Steward.
  • Furthermore, MPT routinely evaluates for indications of impairments to its real estate and other investments, including those related to Steward.

Steward Health Care Names Mark Rich as President, Member of the Board of Directors

Retrieved on: 
Monday, November 20, 2023
Hospitals, Health Insurance, Health, Nursing, Gaping, Growth, Acquisition, Patient, Steward Health Care System, Blue Cross, Management

Today, Steward Health Care System announced the promotion of longtime Steward veteran Mark Rich to President.

Key Points: 
  • Today, Steward Health Care System announced the promotion of longtime Steward veteran Mark Rich to President.
  • He was also named to Steward’s Board of Directors.
  • “Mark was a vital member of Steward’s original management team and was instrumental in quadrupling the size of the company to become the nation’s largest privately held health care system.
  • He helped navigate Steward through the challenges of the post-COVID environment with relentless focus and great success,” said de la Torre.

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS ANNOUNCES INNOVATIVE PRODUCTS FOR 2024

Retrieved on: 
Monday, November 27, 2023
Carbon, Vision, Health savings account, Blue Cross, Travel, HealthEquity, Steward Health Care System, HSA, Pharmacy, Option, Atrius Health, Preferred provider organization, PPO, Glossary of music terminology, Calendar, Disability studies, EPO, Carbon Health, Medicine, HPN, Hospital, Common, Physician, Diabetes, Health, Health insurance

BOSTON, Nov. 27, 2023 /PRNewswire/ -- Blue Cross Blue Shield of Massachusetts (Blue Cross) today announced a suite of innovative new medical, pharmacy, dental and vision offerings that support the health plan's commitment to provide quality, affordable and equitable health care.

Key Points: 
  • BOSTON, Nov. 27, 2023 /PRNewswire/ -- Blue Cross Blue Shield of Massachusetts (Blue Cross) today announced a suite of innovative new medical, pharmacy, dental and vision offerings that support the health plan's commitment to provide quality, affordable and equitable health care.
  • Blue Cross announced the following new offerings:
    Exclusive Provider Organization (EPO) Plans: Blue Cross is offering new EPO plan options for fully insured customers and now will offer these plans to student groups.
  • The health plan will be the first in the market to offer an EPO plan to Massachusetts individuals and small groups.
  • Pharmacy Program through Sempre Health: To improve medication adherence and affordability for members with select chronic conditions including diabetes, Blue Cross is partnering with Sempre Health.

Ardent appoints veteran healthcare executives to senior leadership roles

Retrieved on: 
Monday, October 23, 2023
Other Health, Hospitals, Health, Practice Management, Managed Care, Centene Corporation, Science, Tenet Healthcare, Health care, Arizona State University, Duke University, MMCI, RN, MBA, HCA Healthcare, Growth, Caregiver, University, Partnership, Steward Health Care System, Adrien Deschryver, Gardenhire, Ardent Health Services, Intermountain Health, Patient, BSN, Nursing, Management, Ardent, Mid-America Regional Council

“We are excited to welcome Anika and Joe to Ardent,” said Marty Bonick , president and CEO of Ardent.

Key Points: 
  • “We are excited to welcome Anika and Joe to Ardent,” said Marty Bonick , president and CEO of Ardent.
  • Prior to joining Centene, she was assistant vice president of digital transformation at Intermountain Healthcare.
  • With more than two decades of healthcare operations and leadership experience, he has held executive roles with Tenet Healthcare and HCA Healthcare across California and Florida.
  • “Ardent prioritizes strategies that improve quality and access to care in each of the communities it serves,” said DeSchryver.

athenahealth Names Neville Zar Senior Vice President, Revenue Cycle Management

Retrieved on: 
Tuesday, September 12, 2023
Managed Care, Software, Other Health, General Health, Data Management, Payments, Apps, Applications, Technology, Hospitals, Health Technology, Practice Management, Other Technology, Health, Financial management, HFMA, RCM, Steward Health Care System, University, Management

athenahealth, Inc., a leading provider of network-enabled software and services for medical groups and health systems nationwide, today announced that Neville Zar has joined the company as senior vice president, revenue cycle management.

Key Points: 
  • athenahealth, Inc., a leading provider of network-enabled software and services for medical groups and health systems nationwide, today announced that Neville Zar has joined the company as senior vice president, revenue cycle management.
  • In this role, Zar will oversee all service delivery elements of athenahealth’s revenue cycle management product suite.
  • Over his more than 20-year career, Zar has held numerous senior revenue cycle management roles.
  • Most recently he led the National Revenue Cycle Practice for Deloitte, where he was responsible for elevating revenue cycle performance for Deloitte’s healthcare provider clients.

Steward Health Care Completes Sale of its Utah Health Care Sites to CommonSpirit Health

Retrieved on: 
Monday, May 1, 2023
Managed Care, Hospitals, Health, Nursing, Salt Lake Regional Medical Center, Jefferson Davis Hospital, Jordan Valley Medical Center West Valley Campus, Sale, CommonSpirit Health, Steward Health Care System, Hospital, Patient, Medical Center, Region

Steward Health Care, the country’s largest physician-led, minority-owned, integrated health care system, today announced that it had completed the sale of its Utah health care sites to CommonSpirit Health, through its wholly owned subsidiary, Catholic Health Initiatives Colorado.

Key Points: 
  • Steward Health Care, the country’s largest physician-led, minority-owned, integrated health care system, today announced that it had completed the sale of its Utah health care sites to CommonSpirit Health, through its wholly owned subsidiary, Catholic Health Initiatives Colorado.
  • The hospitals and clinics will be managed under Centura Health, the region’s leading health system.
  • Effectively immediately, Steward’s Utah health care sites – including five hospitals, over 35 medical group clinics, imaging and urgent care centers, and other outpatient ventures are part of CommonSpirit Health’s national health system.
  • “We are pleased to have found the right partner for our Utah hospitals,” said Brian Dunn, Regional President, Steward Health Care.