Boston Children’s To Partner With GE To Improve Interpretation Of Young Patient’s Brain Scans
In other hospital news, Catholic Health Initiatives is bringing an operating loss to merger talks with Dignity Health.
GE, Children's Hospital Form Medical Software Venture
Boston Children’s Hospital is teaming up with General Electric Co. to produce software that will help doctors more accurately interpret brain scans of young patients. Under a deal set to be announced Monday, Children’s and Boston-based GE’s health care division will develop the system over the next 18 months, then market it to hospitals around the world. (Dayal McCluskey, 11/28)
CHI Takes $483 Million Operating Loss Into Dignity Merger Talks
Catholic Health Initiatives is bringing an operating loss of $483 million from its fiscal 2016 to its merger talks with Dignity Health, CHI reported in its year-end earnings statement Monday. The operating loss in fiscal 2016, which ended June 30, compared with an operating surplus of $24 million in fiscal 2015. CHI, the nation's third-largest not-for-profit hospital company by revenue, attributed the losses to “lower patient volumes, higher labor costs, increased pharmacy prices and reduced reimbursement in Medicare and Medicaid.” The Englewood, Colo.-based health system also struggled to manage the red ink from its health insurance business, which CHI plans to sell. (Barkholz, 11/28)