EMHS has joined the American Hospital Association, the Association of American Medical Colleges (AAMC), and America’s Essential Hospitals in pursuing legal action to prohibit the federal Department of Health and Human Services (HHS) Center for Medicare and Medicaid Services (CMS) from implementing dramatic payment reductions for medications purchased through the 340B pharmaceutical discount program. Three EMHS member organizations participating with the 340B program are negatively affected by the payment reduction: The Aroostook Medical Center, Eastern Maine Medical Center, and Inland Hospital.
EMHS and the U.S. Army signed a memorandum of agreement for a first of its kind partnership in Maine that makes it easier for veterans to pursue careers at EMHS.
M. Michelle Hood, FACHE, president and CEO of EMHS announced today that Teresa (Terri) Vieira, MHA, FACHE, has been named president of Sebasticook Valley Health (SVH) and Charles A Dean Memorial Hospital. Vieira has led SVH since 2013 and has been acting president at Charles A Dean since 2017.
M. Michelle Hood, FACHE, president and CEO of EMHS announced today that John Ronan, FACHE, has been named president of Blue Hill Memorial Hospital and Maine Coast Memorial Hospital. Ronan has led Blue Hill since 2014 and has been acting president at Maine Coast since late 2016.
Standard and Poor’s (S&P) today reaffirmed its ‘BBB’ long-term rating for EMHS. S&P also adjusted its outlook for the system from stable to negative, citing operating performance at some EMHS member hospitals. At the same time, S&P stated that they recognize year-to-date operating and net earnings are solidly positive due to reduced depreciation expense after a revaluation of physical assets, increased revenue from EMHS’ investment portfolio restructuring, and the benefit of prior year settlements under MaineCare, the state’s Medicaid program.
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