Healthcare
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King of Prussia’s Universal Health Services Braces for $400 M Hit from Medicaid Cuts
Universal Health Services is looking at a financial curveball, but isn’t panicking, writes Harold Brubaker for the Philadelphia Inquirer. The King of Prussia company operates acute-care and behavioral health facilities in 39 states, and is looking at up to $400 million in lost Medicaid funding by 2032 due to a shift in federal policy. The…
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Prospect Medical Wants to Drop Delaware County Memorial, Taylor Hospitals
Prospect Medical Holdings has filed a motion to drop two of Crozer Health’s closed hospitals from its bankruptcy estate because of insufficient bids for the properties, writes Harold Brubaker for The Philadelphia Inquirer. The California-based for-profit received a $1.25 million offer for Delaware County Memorial Hospital in Drexel Hill, closed since 2022, and $575,000 for…
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Medicaid Cuts Threaten Bucks County Hospitals, Officials Stay Quiet
The new federal budget includes spending cuts that will most likely affect Bucks County hospitals, but local hospital executives are not yet disclosing the extent, writes Jess Rohan for the Bucks County Courier Times. The budget passed this month imposes additional paperwork and verification procedures for Medicaid recipients that will, according to some advocates, remove…
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Jefferson Abington Tops Suburban Hospital Profits in Tough Year
In a challenging year for hospitals across Southeastern Pennsylvania, Jefferson Abington Hospital stood out as the suburb’s most profitable medical center, writes John George for the Philadelphia Business Journal. The hospital posted $79.3 million in net income for fiscal year 2024. The latest report from the Pennsylvania Healthcare Cost Containment Council revealed that nearly half…
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Mental Health Reimagined: Why Telehealth Is a Game Changer at Growth Opportunity Center
In today’s fast-paced world, finding time for mental health care can be difficult. Among work, family responsibilities, school, transportation challenges, and packed schedules, many people struggle to prioritize their emotional well-being. Southampton-based Growth Opportunity Center understands these barriers, and that’s why it offers telehealth: a flexible, secure, and effective way to connect with licensed mental…
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New CEO, Ed Jimenez Charts Growth Path for Main Line Health
Main Line Health’s new CEO, Ed Jimenez, stepped into his new role with a vision to bring the healthcare system back to profitability, writes Harold Brubaker for the Philadelphia Inquirer. His arrival comes as the nonprofit emerges from pandemic-era losses and aims for a return to stable growth. Jimenez and his wife just moved into…
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Kennett Square-based Genesis Healthcare Aims to Restructure After Filing for Bankruptcy
Kennett Square-based Genesis Healthcare filed for bankruptcy protection earlier this week, aiming to restructure the debt tied to facilities that it no longer operates, writes Harold Brubaker for The Philadelphia Inquirer. The company has nursing homes in 17 states, including 42 in Pennsylvania and 11 in New Jersey. No immediate interruptions in resident care are…
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Tower Health to Lay Off Staff at All Facilities, Including Pottstown, Phoenixville
Tower Health announced layoffs of around 50 employees, affecting all of the health system’s locations, including Pottstown Hospital in Montgomery County and Phoenixville Hospital in neighboring Chester County, writes Nicole Leonard for WHYY. The layoffs primarily targeted management-level roles. The number of eliminated positions represents less than half a percent of Tower Health’s total workforce.…
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New Main Line Health CEO Shares How a Leader Becomes a Super Hero
The tide is turning at Main Line Health, and Edward Jimenez is leading the change with teamwork, writes Ron Southwick for Chief Healthcare Executive New President and CEO, Jimenez, brings decades of executive experience and a clear message: healthcare leaders can’t do it alone. “Leaders, in many ways, we’re taught to be superheroes,” Jimenez says.…
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Southampton’s Growth Opportunity Center a Cornerstone of Mental Health Support in Bucks County and Beyond
Since its founding in 1974, Southampton-based Growth Opportunity Center has been a cornerstone of mental health support for many individuals and families in southeastern Pennsylvania. What began as a grassroots initiative in Huntingdon Valley has evolved into one of Bucks County’s largest and most respected mental health centers. Today, GOC continues to grow — both…
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Delaware County Lawmaker Proposes Fund to Reopen Hospital
State Rep. Craig Williams (R-160) of Chadds Ford has proposed creating a $200 million fund to entice a buyer to reopen Crozer Chester Medical Center in Upland and other hospitals, writes Kathleen E. Carey for the Daily Times. The fund wouldn’t raise taxes and would need no new revenue, he said. “I need Crozer open,”…
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Rothman Orthopaedics, Dimension Ortho Partner on New Personalized Bracing Technology
Philadelphia-based Rothman Orthopaedics and Dimension Ortho have partnered together on new technology to develop new personalized bracing technology, writes John George for the Philadelphia Business Journal. Through the partnership, Dimension Ortho will make its platform available for personalized bracing and fracture care across all of Rothman Orthopaedic’s clinical sites. Dimension Ortho president and co-founder Dr.…
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Doylestown Hospital Holds Ribbon-Cutting Ceremony for New Cardiology Lab
Doylestown Hospital recently celebrated the opening of its universal lab, a high-tech facility designed to support physicians in diagnosing and treating heart problems, vascular conditions and arrhythmias, according to a staff report from TAPinto Doylestown. The hospital’s Gorsky Heart and Vascular Suite, which houses the new lab, includes an advanced hybrid procedural room and six…
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Jefferson Health Debuts Life-Saving Mobile Stroke Unit in Upper Merion
Jefferson Health has introduced a Mobile Stroke Unit in Upper Merion Township, writes Main Line Times & Suburban. The MSU will bring rapid, advanced stroke care directly to patients. It functions as an “Emergency Department on Wheels,” equipped with telemedicine, brain imaging, and stroke medications like clot-busting drugs. Staffed by a stroke-trained EMS crew, the…
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Personal Tragedy Led Exton’s Kensey Nash Founder to New Role as Lungpacer Medical CEO
Personal tragedy led Doug Evans, founder of Exton-based Kensey Nash, to change his business trajectory and become CEO of Vancouver-based Lungpacer Medical, writes Brian Gormley for The Wall Street Journal. Evans’ career soared in June 2012, when the Chester County company that he founded was sold for $360 million. At the same time, his personal…
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Rothman Orthopaedics Relocates South Philadelphia Office to Navy Yard
Rothman Orthopaedics, a nationally renowned leader in orthopedic care for more than 50 years, is expanding its footprint in the region with the opening of a new office at the Navy Yard in South Philadelphia. The new location — 1 Crescent Drive, Suite 401 — will begin seeing patients on June 30. This move reflects…
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East Norriton’s Suburban Community Hospital Transitions to Behavioral Health Center
East Norriton’s Suburban Community Hospital will end its run as a full-service facility next month and officially reopen as a behavioral health center for older adults, writes Sarah Gantz for the Philadelphia Inquirer. The transformation follows years of dwindling patient volumes and staffing shortfalls. Though licensed for 126 beds, the hospital averaged just 23 patients…
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Pottstown to Open What May Be the First Homeless Shelter of Its Kind in the Nation
A 24/7 shelter for single adults — perhaps the first of its kind in the nation — is being planned by Pottstown Beacon of Hope, a support outreach for displaced borough residents. Emily Rizzo’s story on it was welcomed in at WHYY. The proposed resource is a 45-bed facility for noncongregant singles, meaning each occupant…
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