Vancouver, Wash.-based PeaceHealth reported a $95.6 million operating loss (-2.7% margin) for the fiscal year ended June 30, compared to a $240.7 million loss (-7.3% margin) last year, according to financial results published Aug. 7. The 4.6% operating margin improvement from FY 2023 to FY 2024 is a significant turnaround,...

PeaceHealth operating margin improves by 4.6% — but still in the red

R1 RCM reported revenues of $627.9 million in the second quarter, up $67.2 million (12%) over the same period last year, according to financial results published Aug. 7. The revenue cycle management company posted $29.1 million in operating income for the period, compared to $23.9 million in the same quarter in 2023. Net loss for the second quarter was $7.6 million, compared to a $1 million net loss in the prior-year period.

R1 RCM Q2 revenue jumps 12% ahead of planned $8.9B deal

Business Insider

"We're looking to make certain we get compensated — however they decide to — for what they cost us," Ed Bastian said in a CNBC interview.

Delta CEO says IT outage cost the airline $500 million, and it has 'no choice' but to seek damages from CrowdStrike

In a Wednesday interview with CNBC's Jim Cramer, CVS CEO Karen Lynch said she is taking responsibility for the company's Aetna insurance business after the most recent quarter missed expectations. "I'm taking direct ownership and am going to focus on the financial and operational execution of that business," she said.

CVS CEO says she's 'taking direct ownership' to fix Aetna insurance business

Unlike other tactics of avoiding a return to the office, with "hushed hybrid," workers need managers' help to keep working from home.

The 'hushed hybrid' work schedule is the latest way employees are getting around a return to the office

The Estée Lauder Companies Inc. (NYSE: EL) (“ELC” or “the Company”) announced that Rashida La Lande has been appointed Executive Vice President and General Counsel, effective August 19, 2024. Ms. La Lande will jointly report to William P. Lauder, Executive Chairman, and Fabrizio Freda, President and Chief Executive Officer. She will join the Company’s Executive Leadership Team.

The Estée Lauder Companies Names Rashida La Lande Executive Vice President and General Counsel

Wells Fargo has appointed Bridget Engle as senior executive vice president and head of technology, reporting to CEO Charlie Scharf. Joining the company’s operating committee on 12 August, Engle will be responsible for all technology across the company. She brings more than 30 years of experience leading technology transformations...

Wells Fargo selects Engle to head technology

The FDA has approved the first nasal spray to treat anaphylaxis. The epinephrine nasal spray, called neffy, is for emergency treatment of allergic reactions, including anaphylaxis, in adult and pediatric patients weighing approximately 66 pounds or more, according to an Aug. 9 news release from the agency. The approval is...

FDA approves 1st anaphylaxis nasal spray

COVID-19 deaths fell 68.9% from 2022 to 2023 — dropping from the fourth leading cause of death to the tenth, the CDC said. The CDC used U.S. death certificates to estimate the highest causes of death. The report, released Aug. 8, shares the estimated number of deaths in 2023, and the final report is expected to be released later this year, NBC News reported.

COVID deaths fell 69% in 1 year

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

BAE Systems has been awarded a $493-million contract to continue producing the M109A7 self-propelled howitzer and M992A3 ammunition carrier for the US Army. It includes production and delivery between August 2025 and July 2026, ensuring sustained supply to the US Army’s Armored Brigade Combat Teams (ABCT). “We are focused...

US Army Awards BAE Additional $493M M109A7 Howitzer Contract

Valrico, FL

Akeena

Hey there, Floridians! If you're a fan of fresh produce and a farmer's market vibe, you might have some mixed feelings about the news from Valrico. The Fresh Market, known for its focus on organic options and quality meats and cheeses, is set to close its doors in the Lithia Crossings shopping center.

Grocery chain known for Organic options and quality meats is set to close its doors in Florida

Walgreens shared in an Aug. 7 Securities and Exchange Commission filing that it could sell off its entire stake in primary care clinic chain VillageMD. "The company is currently evaluating a variety of options with respect to VillageMD in light of ongoing investments by the company in VillageMD’s businesses and VillageMD’s substantial ongoing and expected future cash requirement," the filing said. "These options could include a sale of all or part of the VillageMD businesses, possible restructuring options and other strategic opportunities."

Walgreens eyes offloading all of VillageMD

Kentucky State

Lexington, KY

Lexington, Ky.-based Appalachian Regional Healthcare has appointed two new hospital CEOs. Beau Masterson was named CEO of Barbourville (Ky.) ARH Hospital, according to an Aug. 6 news release from the system. He has been COO of Beckley (W.Va.) ARH Hospital since 2022. Jonathan Koonce was tapped as CEO of Highlands...

Kentucky system taps 2 hospital CEOs

Arkansas State

Little Rock, AR

Jay Quebedeaux was promoted to president of regional hospitals for Little Rock, Ark.-based Baptist Health. In his new role, Mr. Quebedeaux will be responsible for five Baptist Health regional facilities, according to an Aug. 8 news release shared with Becker's. He will also remain president of Baptist Health Medical Center-Hot...

Baptist Health taps president of 5 Arkansas hospitals

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Whether you’re just starting your career, looking for a new opportunity, or entering to the workforce following military service, job opportunities abound in the federal sector. Working for a government agency is an attractive career route thanks to the job security, competitive salary and benefits, and career development opportunities...

Mastering the Federal Job Hunt From Application to Appointment

Logan Paul and KSI’s Prime Hydration has been sued for $68,000,000 for breach of contract by a bottling company after Prime allegedly backed out of a deal they had made. According to the lawsuit filed on August 2, 2024, the deal between Prime and Refresco Beverages called for the company to spend large sums of money to change its production line to create the special bottles used by the influencer-led brand.

Logan Paul & KSI’s Prime Hydration hit with $68M lawsuit for breach of contract

This year has recorded numerous medical advances in transplantation, including a few firsts for the U.S. and world. Here are recent medical advancements, as reported by Becker's:. 1. Clinicians at Northwestern Medicine have performed multiple first procedures. In May and July, the Chicago-based system logged its first two kidney transplants...

2024 charts multiple 1sts in transplantation

Kansas State

Pittsburg, KS

Drew Talbott, president of Via Christi Hospital in Pittsburg, Kan., will retire Aug. 30, one day before the hospital transitions to ownership by St. Louis-based Mercy. Mr. Talbott joined Via Christi in 1996 and has been president for four years, according to an Aug. 6 news release shared with Becker's by St. Louis-based Ascension. He was previously its COO for 13 years.

Ascension Kansas hospital president to retire

NewsBreak

R1 RCM absorbs increased costs from Ascension IT outage, says CFO

R1 RCM expects the Ascension ransomware attack to drag down its revenue by between $75 million and $95 million in 2024, primarily because of a delay...

R1 RCM absorbs increased costs from Ascension IT outage, says CFO

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