SEIZE THE $50 BILLION SITE-OF-CARE SHIFT OPPORTUNITY
Get the tools, data, and insights to drive growth.
Learn more
RECALIBRATE YOUR HEALTHCARE STRATEGY
Learn 4 strategic pivots for 2025 and beyond.
Learn more

Daily Briefing

Around the nation: Steward Health Care files for bankruptcy, causing potential shutdowns


Steward Health Care System on Monday filed for chapter 11 bankruptcy, marking one of the largest hospital bankruptcies in decades, in today's bite-sized hospital and health industry news from Illinois, Massachusetts, and Virginia.

  • Illinois: Residents and fellows at University of Chicago Medicine on Monday voted in favor of forming a union, with 98% of the more than 1,000 residents voting to join the Committee of Interns & Residents, a division of the Service Employees International Union. A spokesperson for UChicago Medicine said the health system respects the ballot process and the results of the vote and "will, in the near future, begin the collective bargaining process with CIR-SEIU Healthcare in order to craft a fair and equitable contract that supports the needs of our trainees, our patients and our institution." (Davis, Crain's Chicago Business/Modern Healthcare, 5/6)
  • Massachusetts: Steward Health Care System on Monday filed for chapter 11 bankruptcy, marking one of the largest hospital bankruptcies in decades, as the health system's physicians provide care for 2.2 million patients a year. In response, Massachusetts, where Steward owns nine hospitals, has launched emergency operations plans to ensure patients receive quality care through any future transitions, Gov. Maura Healey (D) announced. These plans include an incident command center, which will allow for better communication between the state, healthcare providers, and investors. "This is the next step and the responsible step in terms of making sure that we are prepared to do what we need to do when it comes to ensuring that patients have access to care and that the health care market is stable," Healey said. (Cole, CBS News, 5/3; Evans/Scurria, Wall Street Journal, 5/6)
  • Virginia: The U.S. Court of appeals for the 4th Circuit last month became the first court in the country to rule that state healthcare plans must pay for gender-affirming surgeries. Writing for the majority, Judge Roger Gregory said that restrictions on gender-affirming care were "obviously discriminatory" based on both sex and gender. "In this case, discriminating on the basis of diagnosis is discriminating on the basis of gender identity and sex" because "gender dysphoria is so intimately related to transgender status as to be virtually indistinguishable from it," Gregory wrote. (Weiner, Washington Post, 4/29)

20 ways health systems can control costs

Health systems are under increasing pressure to reduce costs. Over years of studying cost-controlling best practices, Advisory Board has identified 20 essential tactics that can help you create near-term savings and set the stage for long-term cost discipline.


SPONSORED BY

INTENDED AUDIENCE

AFTER YOU READ THIS

AUTHORS

TOPICS

INDUSTRY SECTORS

RELATED RESOURCES

Don't miss out on the latest Advisory Board insights

Create your free account to access 1 resource, including the latest research and webinars.

Want access without creating an account?

   

You have 1 free members-only resource remaining this month.

1 free members-only resources remaining

1 free members-only resources remaining

You've reached your limit of free insights

Become a member to access all of Advisory Board's resources, events, and experts

Never miss out on the latest innovative health care content tailored to you.

Benefits include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox

You've reached your limit of free insights

Become a member to access all of Advisory Board's resources, events, and experts

Never miss out on the latest innovative health care content tailored to you.

Benefits include:

Unlimited access to research and resources
Member-only access to events and trainings
Expert-led consultation and facilitation
The latest content delivered to your inbox
AB
Thank you! Your updates have been made successfully.
Oh no! There was a problem with your request.
Error in form submission. Please try again.