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UMass Memorial Medical Center News

  • January 7, 2016 - Worcester Business Journal

    Fitch Ratings has issued an 'A-' rating to UMass Memorial Health Care as the Central Massachusetts healthcare system seeks to raise $177 million to pay for facility upgrades and refinance existing debt.

    Fitch said in a statement that the outlook for the organization is stable. As key drivers of the improved rating, Fitch cited the system's market position, which includes 43 percent of the inpatient market share in Central Massachusetts, improved operating results beginning in fiscal 2014, adequate liquidity, leverage and plans for capital investment.

  • January 6, 2016 - Telegram & Gazette

    (Subscription may be required)

    No woman wants to pick up the phone and hear a voice on the other end asking her to come back for additional mammogram views.

    There’s always the fear that additional scans are needed because "they found something," although the American Cancer Society says that only 10 percent of women called back are diagnosed with breast cancer.

    On the other hand, if you should have breast cancer, you want the mammogram to find it – early on when a cure is very possible.

  • January 1, 2016 - WHDH-TV Channel 7

    The title of Massachusetts' first baby born in 2016 will have to be shared.

    On New Year's Day, Vanessa Skaza gave birth to her new daughter Carmelita, at UMass Memorial Medical Center in Worcester.

  • December 27, 2015 - Telegram & Gazette

    (Subscription may be required)

    The biggest business stories in Central Massachusetts during 2015 ranged from a frenzy of deal making, to health care cost woes, to turnover in the corner office, to signs of economic development.

    In other words, if something big happened globally or nationally in business, it probably happened here, too.

  • December 21, 2015 - Telegram & Gazette

    (Subscription May Be Required)

    UMass Memorial Health Care Inc. posted profits of $47 million during its 2015 fiscal year as more patients surged into the health system but investment losses ate at results.

    UMass Memorial said in a filing with municipal bond regulators that revenue from patients hit $2.17 billion during the year ended Sept. 30, up from $2.15 billion the previous year.

    About 2,000 more patients checked into UMass Memorial hospitals for inpatient care compared to the previous year, a boost that UMass Memorial officials partly attributed to its ability to tackle cases that community hospitals cannot.

  • December 18, 2015 - Worcester Business Journal

    Mass Memorial Health Care posted continued revenue growth through fiscal 2015 while reporting more patients served throughout a system that is moving more towards outpatient care.

    The largest employer in Worcester reported revenue of just under $2.174 billion for 2015, a growth of $21.8 million over fiscal year 2014. This came as a sign of continuing growth and turnaround for the organization over the course of the 2015 fiscal year, which ended Sept. 30.

  • December 16, 2015 - Mikethegunguy Blog

    You may recall that back in August, the news got around that the city of Honolulu decided to replace their Smith & Wesson service pistols with Glocks and, according to news reports, effectively forfeited $575,000 in the process. Why did the city take a $575,000 hit?  Because that’s the money they we would have made if they had sold the S&W pistols to gun dealers who then would have resold the booty to law-abiding gun owners.  “By destroying these guns,” said the NRA, “the city is throwing away taxpayer money over the irrational fear that these guns will end up on the streets of Honolulu.”