Lower reimbursements, regulatory challenges, and increased competition are among the factors moving Ascension to reduce its “footprint,” according to a new article in Modern Healthcare. CEO Anthony Tersigni told employees that the company would be restructured from its current model as a hospital system “to one that’s focused on outpatient care and telemedicine.” Ascension saw revenues drop 27% last year compared with 2016 (though nonoperating income increased by $1.31 billion). It’s noteworthy that inpatient and …
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