Hospitals: Page 5

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    CMS finalizes rule to cut Medicaid DSH payments for some hospitals

    Under the new definition, hospitals can only receive disproportionate share hospital Medicaid reimbursements for beneficiaries who are primarily insured by the safety-net program.

    By • Updated Feb. 22, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Ascension posts $231M in quarterly operating income as labor costs come down

    The Catholic health system attributed its results to increased patient volumes and successful cost-cutting initiatives. 

    By • Feb. 20, 2024
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    Trendline

    Social determinants of health

    The focus on social determinants of health has only increased because of the impacts of the pandemic, with payers and providers trying to new ways to address the issues.

    By Healthcare Dive staff
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Mass General Brigham’s investment income boosted Q1 earnings

    But operating expenses — including increases in supply and wage costs — continued to pressure the nonprofit.

    By • Feb. 20, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    CommonSpirit trims operating losses in second quarter

    The nonprofit improved net income but was still dogged by rising expenses in the quarter.

    By • Feb. 16, 2024
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    Tracking Steward's decline

    What’s going on at Steward Health Care?

    The physician-led healthcare network formed to save hospitals from financial distress. Now, hospitals in its own portfolio need bailing out after years of alleged mismanagement. 

    By • Feb. 15, 2024
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    HCA updates C-suite reporting structure

    The Nashville-based for-profit adjusted its strategy for senior executives as it attempts to gain a 29% market share in healthcare services by 2030.

    By • Feb. 14, 2024
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    Humana sued over alleged 340B underpayments in Medicare Advantage

    Alabama-based Baptist Health argued the insurer had received a “windfall” due to illegal payment cuts in the 340B drug discount program.

    By • Feb. 13, 2024
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    Washington state bill seeks to regulate hospital mergers, care access

    The Washington state Senate advanced legislation Thursday that grants the state attorney authority to deny mergers that may limit healthcare access.

    By • Feb. 13, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Kaiser reports $4.1B net gain in 2023 on improved investments

    The nonprofit’s financial rebound followed a difficult 2022 in which the operator reported a $4.5 billion net loss.

    By • Feb. 12, 2024
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    Lawsuit accuses Advocate Aurora of charging ‘eye-watering’ prices

    The lawsuit accuses the health system of using acquisitions, noncompetes and gag clauses to create a monopoly and increase prices.

    By • Feb. 12, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    Tenet says its upcoming ‘new era’ will be fueled by ambulatory surgeries

    The Dallas-based provider also reported fourth quarter earnings on Thursday that beat Wall Street’s expectations for revenue.

    By • Feb. 8, 2024
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    AHA calls for more payer oversight in No Surprises dispute resolution

    In comments on a proposed rule, the American Hospital Association argued regulators haven’t fully addressed how they’ll handle oversight for some situations, like when an insurer fails to pay after a dispute determination.

    By • Feb. 7, 2024
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    Alex Wong via Getty Images
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    HHS settles cybersecurity investigation with Montefiore Medical Center

    The nonprofit will pay $4.75 million to settle allegations that data security failures allowed an employee to steal and sell the protected health information of thousands of patients.

    By • Feb. 7, 2024
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    Jeff Schear/Getty Images for Ann and Robert H. Lurie Hospital of Chicago via Getty Images
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    Chicago children’s hospital begins reactivating patient portal 6 weeks after cyberattack

    While Lurie Children's Hospital is working to restore functions like online scheduling and bill pay, it doesn’t have an estimate of when the work will be complete.

    By • Updated March 15, 2024
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    UCSF Health to acquire two Dignity hospitals in San Francisco

    The purchase comes as Dignity’s parent CommonSpirit Health has struggled financially, posting a $441 million operating loss in its first quarter.

    By • Feb. 6, 2024
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    HCA Healthcare taps new CIO

    The announcement comes a week after the for-profit operator also announced a replacement for its CFO.

    By • Feb. 6, 2024
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    Healthcare job growth reached three-decade high in 2023

    The sector added 650,000 jobs over the year — its most prolific year of growth in decades.

    By • Feb. 5, 2024
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    Providence erases or refunds $158M in medical bills

    The Renton, Washington-based nonprofit health system plans to spend millions to settle allegations it skirted charity care obligations between 2018 and 2023.

    By • Feb. 2, 2024
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    Atlantic Health System, Saint Peter’s Healthcare System look to merge

    The letter of intent comes about a year and half after a proposed deal between Saint Peter’s and RWJBarnabas Health fell apart following regulatory scrutiny.

    By • Feb. 1, 2024
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    UCI Health completes $975M purchase of 4 Tenet hospitals

    Tenet's latest hospital sale comes as the operator looks to pare down its debt.

    By • Updated March 28, 2024
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    CHS migrates to Google Cloud data platform, adopts generative AI tools

    The for-profit hospital operator said it will use the artificial intelligence in operations tracking, clinical documentation and administrative tasks.

    By • Jan. 31, 2024
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    Advocate taps new chief people, culture officer

    Effective March 18, Nakesha Lopez will lead human resource and people programs for the 68-hospital nonprofit.

    By • Jan. 30, 2024
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    Illustration: Xavier Lalanne-Tauzia for Industry Dive

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    HCA beats Q4 expectations, outlines 2024 expansion

    Executives also announced the retirement of longtime CFO Bill Rutherford during a Tuesday earnings call.

    By • Jan. 30, 2024
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    Low operating margins will be new normal for some nonprofit hospitals: Fitch

    The sector's recovery from the COVID-19 pandemic has been slower than expected. In a new report, the credit agency said some hospitals may never reach traditionally healthy operating margins. 

    By • Jan. 30, 2024
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    Healthcare labor churn increased through 2021, study finds

    To keep up with elevated COVID-19 turnover, healthcare organizations hired more workers who were unemployed or hadn't previously worked in the industry, according to a study published in JAMA.

    By • Jan. 29, 2024