UMass Memorial Health

Standard and Poor's Rating Services has upgraded UMass Memorial Medical Center's outlook from negative to stable, citing improved financial performance and affirmed the Worcester hospital's BBB+ bond rating on Tuesday.

Standard and Poor's Rating Services has upgraded UMass Memorial Medical Center's outlook from negative to stable, citing improved financial performance and affirmed the Worcester hospital's BBB+ bond rating on Tuesday.

The state's Center for Health Information and Analysis reported last week that Central Massachusetts hospitals collectively have the lowest total margins among all regions of Massachusetts. But that doesn't mean the picture is grim. Sergio Melgar, chief financial officer for UMass Memorial Health Care, said one has to look beyond margins and operating surpluses and losses for fiscal 2014, as detailed in the center's recent report, to appreciate the bigger picture.

UMass Memorial Health Care said in June that it would invest $700 million to upgrade its electronic...

It's no mistake that, throughout Massachusetts, there's more hospital signage showing up either on commercial sites, or on empty land that will give rise to satellite facilities under the umbrella of larger health care systems. That, in turn, is creating new business for architects and construction companies.

UMass Memorial Health Care has renewed and expanded its contract with an Atlanta-based services provider to help manage its supply chain and procurement operations, the firm announced Thursday.

The past two years haven't always been good for small community hospitals. Challenged to keep up with technological advances and squeezed by competition from larger health systems as they struggle for reimbursement, three have closed across the state.

VIRTUAL DOCTORS VISITS A HARSH REALITY?UMass Memorial Health Care announced it's entering the field of virtual doctors'...

Employees of UMass Memorial Health Care might have suffered a serious case of sticker shock when they learned about the $700 million cost to roll out a new electronic health record system and revamp the health care provider's IT infrastructure when CEO Dr. Eric Dickson unveiled those plans in a blog post last week.

Nurses at HealthAlliance Hospital in Leominster have ratified a new, two-year labor contract that improves staffing ratios and adds new positions, according to their union, the Massachusetts Nurses Association.