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Mercy Health System

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BUSINESS
October 7, 1999 | By Karl Stark, INQUIRER STAFF WRITER
The Mercy Health System announced yesterday that it is laying off 75 people, mostly administrators and their staffs, to save $5 million in costs over the long term. "The aim of the action today is to flatten the organization and redesign management," said Sister Kathleen Keenan, senior vice president for mission. "The overall idea is to support and continue our mission and maintain our financial strength. " Sister Keenan said no specific programs are being cut and there are no plans to close any of the four Mercy hospitals.
BUSINESS
December 6, 2001 | By Steve Esack and Bob Fernandez INQUIRER STAFF WRITERS
Mercy Health System, the major Catholic health-care provider in the Philadelphia region, will eliminate 400 employees as it performs radical surgery on its operations in Havertown, Darby Borough and Conshohocken. Mercy, which expects to lose $8 million this year, is ending overnight care at Mercy Community Hospital in Havertown, in addition to phasing out physical therapy and occupational therapy programs. That will happen in 60 days, Mercy spokeswoman Sonya Evans-Johnson said.
NEWS
December 30, 1997 | By Mary Blakinger, INQUIRER CORRESPONDENT
In an effort to preserve and strengthen their patient bases, area hospitals and health systems have been dotting the suburbs with "branch offices. " Among the latest to establish footholds where growing numbers of people work and shop are Jefferson Health System and Mercy Health System. Officials say it's the best way to strengthen their market share. Mercy and Jefferson opened suburban outpatient centers in the fall, and they plan to start a collaborative outpatient center with Riddle Memorial Hospital in mid-1998 in Lawrence Park Shopping Center in Broomall.
NEWS
September 14, 2000 | By Mary Blakinger, INQUIRER SUBURBAN STAFF
Mercy Health System, hoping to repair the public-relations damage caused in August when it abruptly announced plans to close a popular medical office, sent letters to patients yesterday to further explain the matter. "In hindsight, this was not handled as best it could have been," Mercy spokeswoman Lisa Borowski said. She said the letter, signed by the system's chief executive officer, Mark T. O'Neil Jr., will advise recipients that their medical records will be sent wherever they wish.
BUSINESS
April 22, 2016 | By Harold Brubaker, Staff Writer
The decision announced Wednesday by Philadelphia College of Osteopathic Medicine to offer on-campus student housing for the first time since its founding in 1899 is not earth-shattering in itself. But the move could be a sign of bigger changes to come for the City Avenue school, which has long been a relatively quiet presence in the region's medical-education sector - even as it opened a second campus a decade ago near Atlanta. "It's time to raise the profile, because we do great things here," said Jay S. Feldstein, a 1981 PCOM graduate who became the college's eighth president in July 2014.
NEWS
January 9, 1999 | DAN Z. JOHNSON / Inquirer Suburban Staff
At Suburban General Hospital in East Norriton, Montgomery County, a new name requires a ceremony. Now, it is called Mercy Suburban Hospital. Chief operating officer Edward R. Solvibile carried a cross in a procession yesterday. The hospital was absorbed by the Mercy Health System. The merger adds 140 patient beds and 950 employees to the Mercy system, which is affiliated with the Catholic Church.
BUSINESS
July 29, 2000 | By Joseph A. Slobodzian, INQUIRER STAFF WRITER
The U.S. Attorney's Office announced a $1.2 million civil settlement yesterday with Mercy Health System of Southeastern Pennsylvania involving undocumented claims to the federal Medicare program for physician services. The settlement, in which Mercy Health System did not admit any wrongdoing, involved Medicare claims between 1993 and 1996. Mercy officials disclosed the undocumented claims voluntarily after discovering them in an internal audit, according to the statement and agreement released by U.S. Attorney Michael R. Stiles.
BUSINESS
March 17, 2016 | By Harold Brubaker, STAFF WRITER
Aetna, one of the Philadelphia region's largest health insurers, and Virtua Health, South Jersey's largest health system, will introduce the Aetna Whole Health-Virtua insurance plan later this year, the two organizations said Wednesday. The commercial insurance plan for businesses and individuals will use Virtua's three acute-care hospitals and Virtua Physician Partners to coordinate care in ways designed to reduce costs and improve the quality of care, they said. Aetna participates in similar so-called accountable-care organizations with Children's Hospital of Philadelphia, Mercy Health System of Southeastern Pennsylvania, and St. Mary Medical Center.
NEWS
June 3, 2003 | By Marie McCullough INQUIRER STAFF WRITER
Mercy Fitzgerald Hospital in Darby became the latest hospital in the region yesterday to announce it will stop delivering babies. It is the eighth maternity ward in Southeastern Pennsylvania to close in the last three years. The hospital blamed rising malpractice-insurance costs, shrinking insurance reimbursements, an exodus of obstetricians, and a market with fewer women of childbearing age. Mercy Fitzgerald's maternity unit, where deliveries have fallen from 1,182 in 2000 to 839 last year, will close by Aug. 1. Last summer, Mercy Hospital of Philadelphia and Methodist Hospital discontinued obstetrics services.
NEWS
August 9, 2011 | By Jane M. Von Bergen, INQUIRER STAFF WRITER
Independence Blue Cross, the region's largest health insurer, is forming a partnership with Blue Cross and Blue Shield of Michigan to enhance both companies' ability to gain market share in providing health insurance through Medicaid, a government-funded program for the poor. The two companies will spend a combined $170 million to buy out Mercy Health System's 50 percent share in AmeriHealth Mercy. The other 50 percent is already owned by Independence Blue Cross. AmeriHealth is headquartered in Philadelphia.
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BUSINESS
April 22, 2016 | By Harold Brubaker, Staff Writer
The decision announced Wednesday by Philadelphia College of Osteopathic Medicine to offer on-campus student housing for the first time since its founding in 1899 is not earth-shattering in itself. But the move could be a sign of bigger changes to come for the City Avenue school, which has long been a relatively quiet presence in the region's medical-education sector - even as it opened a second campus a decade ago near Atlanta. "It's time to raise the profile, because we do great things here," said Jay S. Feldstein, a 1981 PCOM graduate who became the college's eighth president in July 2014.
BUSINESS
March 17, 2016 | By Harold Brubaker, STAFF WRITER
Aetna, one of the Philadelphia region's largest health insurers, and Virtua Health, South Jersey's largest health system, will introduce the Aetna Whole Health-Virtua insurance plan later this year, the two organizations said Wednesday. The commercial insurance plan for businesses and individuals will use Virtua's three acute-care hospitals and Virtua Physician Partners to coordinate care in ways designed to reduce costs and improve the quality of care, they said. Aetna participates in similar so-called accountable-care organizations with Children's Hospital of Philadelphia, Mercy Health System of Southeastern Pennsylvania, and St. Mary Medical Center.
BUSINESS
February 26, 2016 | By Harold Brubaker, STAFF WRITER
Mercy Health System of Southeastern Pennsylvania sold its Mercy Suburban Hospital for $25 million, $10 million less than originally planned, a court filing last month showed. The sale, announced nearly a year ago with an expected completion date in September, finally closed Feb. 1. The price is not the only thing that changed. The buyer did, too. Taking the place of a for-profit subsidiary of Prime Healthcare Services Inc. was Prime Healthcare Foundation Inc., a tax-exempt affiliate of Prime.
BUSINESS
January 14, 2016 | By Harold Brubaker, Staff Writer
The Philadelphia region has a new crop of accountable-care organizations aiming to reduce the cost of caring for Medicare beneficiaries while improving quality by emphasizing coordination by doctors and other providers. If the accountable-care organizations reduce costs beyond targets while meeting quality criteria, the government shares savings with them. Genesis Healthcare Inc., a major nursing-home owner based in Kennett Square, has formed Genesis Healthcare ACO, which covers nine states, including Pennsylvania, New Jersey, and Delaware.
NEWS
July 9, 2015 | By Sheena Faherty, Inquirer Staff Writer
Corporate mergers often mean layoffs, as new bosses redefine standards. But when Valley View at Elwyn, an assisted-living home for deaf residents, joined the Mercy Health System, something very different happened. Valley View's 13 direct-care providers are deaf and use American Sign Language with their patients, some of whom have lived there for 30 years. But Mercy LIFE (Living Independently for Elders) requires staff to be registered nurse aides, and Valley View's staff lacked that qualification.
BUSINESS
March 4, 2015 | By Harold Brubaker, Inquirer Staff Writer
Mercy Health System has agreed to sell Mercy Suburban Hospital in Montgomery County to Prime Healthcare Services Inc., a California-based for-profit company that owns Roxborough Memorial Hospital in Philadelphia and Lower Bucks Hospital in Bristol Township. Mercy, part of one of the nation's largest tax-exempt health systems, Trinity Health, of Livonia, Mich., and Prime did not disclose the value of the deal, announced Monday. Trinity said the 126-bed hospital in East Norriton lost $5.4 million on $54.6 million in revenue in the six months ended Dec. 31. An expert in health-care finance who is familiar with Prime estimated that the Ontario, Calif., company would value a place like Mercy Suburban at 25 percent to 40 percent of annual revenue.
BUSINESS
July 1, 2014 | By Jane M. Von Bergen, Inquirer Staff Writer
Carol J. Quinn, now chief executive officer of Mercy Home Health and Mercy LIFE, runs a $130 million operation that employs 780 people focused on the home care of the frail and elderly. Much of what Quinn does as an executive, however, is governed by something that she noticed as a fledgling nurse working in community health: Patients often don't understand, or can't absorb, the discharge instructions they are given when they leave the hospital. "They are under too much stress," she said.
BUSINESS
February 8, 2014 | By Harold Brubaker, Inquirer Staff Writer
Independence Blue Cross announced CEO transition plans for its AmeriHealth Caritas subsidiary, which is one of the nation's biggest managers of Medicaid benefits. Paul A. Tufano, a top executive at IBC, will succeed Michael A. Rashid, 66, who is retiring after nearly 20 years at AmeriHealth, including the last four as chief executive. The change will be effective March 31. Tufano will remain chairman of AmeriHealth's board of directors, a position he has held since 2011. He will also remain president of IBC's government markets business and chairman of IBC's executive leadership team.
BUSINESS
October 19, 2013 | By Harold Brubaker, Inquirer Staff Writer
Independence Blue Cross and the Jefferson Health System on Thursday announced new two-year contracts for Thomas Jefferson University Hospitals and Main Line Health that include the potential for millions in incentive payments. The agreement with Jefferson means that IBC has 23 of 38 general adult hospitals in its network operating under incentive-laden contracts. Nearly $100 million in bonus payments from IBC are at stake for the hospitals and health systems next year. The incentive payment system covers doctors and hospitals, and is based on quality measures, such as the number of infections acquired in the hospital, and cost reductions through improved coordination of patient care and other measures.
NEWS
October 18, 2012 | By Harold Brubaker, INQUIRER STAFF WRITER
Catholic Health East in Newtown Square has agreed to merge with Trinity Health in Michigan to form a system that would include 82 hospitals in 21 states coast-to-coast, the two Catholic health providers said Wednesday. The deal is far from complete. The two systems, which together have more than $13 billion in annual revenue, said they signed a nonbinding letter of intent to join forces. The goal is to reach a definitive agreement in the spring of next year The board agreed that John R. Swedish, president and chief executive of Trinity, which is based in Novi, Mich., will retain those positions if the merger is completed.
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