Presence Health lost $186 million in 2015
Presence Health said its operating loss last year soared to $186 million, as the Chicago-based Catholic health system made several adjustments that reduced revenues. One of the largest adjustments had...
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State board report deals setback to Franciscan St. James hospital project
An initial state examination of Franciscan St. James Health's controversial plans to restructure hospital operations in the south suburbs delivered mixed results for the Catholic health system. Franciscan St. James...
Blue Cross parent lost $1.5 billion on individual health plans last year
Year 2 of the Affordable Care Act was another financial flop for the Chicago-based parent of Blue Cross and Blue Shield of Illinois but hints of a turnaround are emerging....
Owner of Des Plaines psychiatric hospital seeks to expand to Northbrook
A New York hospital operator that acquired the former Maryville Academy psychiatric facility in Des Plaines less than two years ago seeks to expand to Northbrook. US HealthVest said in...
Consumers could be losers as insurers cut brokers’ commissions
When Blue Cross and Blue Shield of Illinois canceled his family's health plan last year, Tony Schor could have gone online to Get Covered Illinois, the state's insurance shopping mall,...
Abbott’s IT layoffs draw fire from Sen. Durbin
Corporate layoffs are so routine that they usually don't attract much attention among lawmakers in Washington, D.C. But Abbott Laboratories' recent move to outsource some information technology jobs has come...
Hospitals win in dispute to protect confidential data in FTC suit
Chicago-area hospitals are keeping a close eye on the Federal Trade Commission's attempt to block Advocate Health Care's merger with NorthShore University HealthSystem — so close that they don't want...
Ex-Citadel financial analyst to be resentenced in trade secrets case
A federal appellate court has voided the three-year prison sentence of a former Citadel financial analyst who pleaded guilty to stealing trade secrets from the Chicago-based hedge fund and another...
U. of I. to pay $10 million of $30 million medical malpractice settlement
The University of Illinois plans to pay $10 million of a proposed $30 million medical malpractice settlement involving a catastrophic brain injury to a Chicago-area toddler due to surgical complications,...
Blue Cross eliminates sales commissions on individual policies
Blue Cross and Blue Shield of Illinois will eliminate sales commissions on new individual health plans that take effect April 1, the Tribune has learned. The state's largest health insurer...