Healthcare
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Redeemer Health Based in Huntingdon Valley Continues to Struggle with Operating Losses
Redeemer Health, which is based in Huntingdon Valley, received a credit downgrade by Standard & Poor’s Global Ratings due to “accelerating operating losses and declines in cash reserves,” writes Harold Brubaker for The Philadelphia Inquirer. The health system was bumped down one grade to “BB,” which suggests that Redeemer might be a risky investment for…
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Plymouth Meeting’s National Comprehensive Cancer Network Has New CEO
The incoming CEO of the National Comprehensive Cancer Network in Plymouth Meeting was promoted from within the organization, writes Paul Schwedelson for the Philadelphia Business Journal. Dr. Crystal S. Denlinger will succeed Dr. Robert W. Carlson who is retiring. Denlinger will take the reins on October 9. She has been National Comprehensive Cancer Network’s senior…
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Abington COVID-19 Vaccine Scientist Believes mRNA Technology is Capable of Fighting Many Diseases
While even the majority of scientists working on mRNA vaccines for COVID-19 were shocked by its effectiveness, Katalin Karikó, an Abington biochemist and one of the pioneers of mRNA technology research, did not expect anything less, writes Stephen Buranyi for the WIRED. “There was no nail-biting,” she said. “I expected the vaccines to be very…
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CVS Health’s Aetna Office in Blue Bell Will Undergo Restructuring This Fall
CVS Health will be making significant changes at its Aetna office in Blue Bell this fall, writes John George for the Philadelphia Business Journal. The layoff of 157 workers is a part of a corporate-wide restructuring plan. The restructuring will begin October 21 and run through December 30, according to paperwork CVS filed with the…
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Philadelphia Area Students Receive Full Scholarships for Nursing School, Thanks to IBX Foundation
Thirty-five Philadelphia-area high school students from underrepresented backgrounds will get a full-ride to nursing school thanks to the Independence Blue Cross Foundation, writes Abraham Gutman for The Philadelphia Inquirer. The goal of the program is to increase representation in the nursing profession because a more diverse nursing workforce could assist in narrowing racial gaps in…
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Irish Pro Golfer Invests in King of Prussia Health Technology Firm
Lyric, a healthcare technology firm based in King of Prussia, has raised $90.9 million, and adds Irish pro golfer Rory McIlroy’s company Symphony Ventures as an investor, writes Ryan Mulligan for the Philadelphia Business Journal. Thirty-five investors participated in the round, according to a U.S. Securities and Exchange Commission filing. Last week Lyric announced an…
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Philadelphia Area Students Receive Full Scholarships for Nursing School, Thanks to IBX Foundation
Thirty-five Philadelphia-area high school students from underrepresented backgrounds will get a full-ride to nursing school thanks to the Independence Blue Cross Foundation, writes Abraham Gutman for The Philadelphia Inquirer. The goal of the program is to increase representation in the nursing profession because a more diverse nursing workforce could assist in narrowing racial gaps in…
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The Giant Company Makes Big Donation to Help Expand CHOP’s Food Pharmacy Program into Norristown
Food insecurity is a major issue in Montgomery County and lack of nutritious foods can severely hurt your health. Children’s Hospital of Philadelphia’s Food Pharmacy Program tries to combat the effects of food security by offering healthy foods and better health outcomes to families struggling financially, writes Emily Crowe for Progressive Grocer. And now with…
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Local Meteorologist Who Advocated Against Restrictions, Donates Blood for First Time in Devon
After spending years advocating against the FDA-enacted restrictions that critics believe to be discriminatory against gay and bisexual men, Adam Joseph donated blood for the first time at a blood drive in Devon, writes TaRhonda Thomas for 6ABC. “[I] never thought it would come to the point where I could actually lay here,” said Adam…
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MRA Group to Transform Lansdale Medical Building with Energy-Efficient Upgrades
MRA Group, a Horsham-based real estate development and client services firm, has acquired the former LMG Medical Building in Lansdale. The 40,000-square-foot medical office complex, now renamed Lansdale Medical Building, is set to undergo extensive renovations, include energy-efficient upgrades. “We look forward to breathing life back into this destination community medical office facility,” said MRA…
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Army Veteran Opens Occupational Health and Urgent Care Center in Willow Grove
Former U.S. Army major Dr. Robert Heininger is opening an occupational medicine and urgent care center in Willow Grove this week, writes John George for Philadelphia Business Journal. The new center is located at the former site of an Abington-Jefferson Health urgent care facility. Heininger, who lives in Ambler, decided to lead his own center…
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Temple Health’s Jeanes ER Seeing Uptick in Visits After Closure of Nearby Elkins Park ER
Since Jefferson Health made the decision to close the emergency department at Elkins Park Hospital, the ER staff at Temple Health’s Jeanes has been seeing a 15% increase in visits, writes John George for Philadelphia Business Journal. Matt Shelak, the executive director of the Jeanes campus, said that they were prepared though, and an expansion…
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Highmark Adds Jefferson Health to Its Growing Philadelphia-Area Network of Hospitals
A Pittsburgh-based health insurer has signed a provider contract with Jefferson Health, writes John George for Philadelphia Business Journal. Highmark Blue Shield, which is entering the Philadelphia region’s commercial health insurance market next year, also has deals in place with Penn Medicine, Temple Health, Doylestown Health, and Grand View Health. The health insurer has been…
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This Montgomery County Hospital Made the U.S. News Best Hospitals List for 2023-2024
A Montgomery County hospital is taking a top spot in the U.S. News & World Report Best Hospitals list for 2023-2024. Jefferson Abington Hospital ranked number 8 on the regional list for its urology department and gastroenterology & GI surgery. The report analyzes 4,500 medical centers in the U.S. to create these rankings, using…
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Montgomery County Man Hopes to Get His Breath Back During Temple Lung Center Clinical Trial
Dennis Hood was shocked when he discovered he had the progressive lung condition Idiopathic Pulmonary Fibrosis and not just a bad cold, writes 6ABC staff. The prognosis from the first doctor he saw was pretty grim, he said, but a new clinical trial at Temple Lung Center has renewed his hope that he will be…
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Lehigh Valley Health Network Completes Steel Construction of Gilbertsville Hospital
The last beams completing the steel construction of the new Gilbertsville hospital are now in place, according to Lehigh Valley Health Network. The health network said that everything is on track for the hospital and medical office to open by fall 2024. The facilities will be located at Route 100 and Grosser Road, near the…
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King of Prussia’s Universal Health Services Is Pushing Back Against Insurance Companies
Universal Health Services Inc. has adopted an aggressive strategy for dealing with health insurance companies, writes Harold Brubaker for The Philadelphia Inquirer. The CFO of the King of Prussia health provider said Universal Health Services can’t treat everybody, so it is focusing on patients with better insurance. “We’ve been going to our lowest payers and…
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Lehigh Valley Health Network Is Opening New Hospital in Montgomery County
Gilbertsville, Montgomery County will soon have a new hospital, Lehigh Valley Health Network has announced. The health system has started construction on new facility that will help meet the need for more accessible and convenient ER and inpatient care. Expected to open by fall of 2024, the Gilbertville hospital will be Lehigh Valley Health Network’s…
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