Finances: Page 40
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Courtesy of Cleveland Clinic
Cleveland Clinic, New York-Presbyterian among hospitals with biggest charity care, community benefits deficit
According to Lown's 2021 Hospitals Index, nonprofit hospitals fell short in community investments by nearly $17 billion in the past year.
By Ron Shinkman • July 12, 2021 -
iStock
Telehealth use stabilizing at 38 times pre-COVID-19 levels, McKinsey says
Although usage has dropped slightly since its peak in spring 2020, patient and physician attitudes toward telehealth have improved, according to new data from the consultancy.
By Rebecca Pifer • July 12, 2021 -
Hospital M&A down from pre-pandemic highs, though deal size growing, Kaufman Hall says
Health systems in general are shifting their focus from acquisitions of small, independent hospitals to regional partnerships, according to a new report.
By Hailey Mensik • July 9, 2021 -
Digital health funding in 2021 smashes past year's record with $14.7B
The coronavirus-spurred momentum in the sector has only accelerated. The first half of 2021 included the two largest quarters of funding activity in the U.S. digital health market ever, according to a new Rock Health report.
By Rebecca Pifer • July 7, 2021 -
Stefani Reynolds/Stringer via Getty Images
Supreme Court will hear case over Trump admin's 340B drug program cuts to hospitals
The case pivots on whether CMS has the authority to make payment cuts under the outpatient prospective payment system. The justices are expected to hear arguments either later this year or early next year.
By Ron Shinkman • July 6, 2021 -
Cleveland Clinic-owned hospital system pays $21M to settle False Claims allegations
Along with an Akron General Health System whistleblower, the Cleveland Clinic Foundation voluntarily disclosed to the federal government its concerns with some compensation arrangements, the DOJ said.
By Rebecca Pifer • July 6, 2021 -
Home health giant Amedisys to acquire hospital-at-home startup Contessa Health for $250M
The buy aligns with Amedisys' strategy to focus on higher acuity in-home care, at a time when more players are looking at providing acute care outside of traditional medical settings.
By Rebecca Pifer • July 1, 2021 -
Hospitals sustain COVID-19 recovery but costs spike above pre-pandemic levels
New monthly reports from Kaufman Hall also found health system margins improving but physician pay stagnant.
By Ron Shinkman • June 29, 2021 -
SCOTUS will not hear hospitals' appeal against site-neutral payments
The rule barring hospitals from receiving higher reimbursements for outpatient services compared to other providers was widely challenged, but now stands with the high court's decision.
By Hailey Mensik • June 29, 2021 -
Courtesy of Humana
Interim Humana CFO made permanent
Susan Diamond was named to the interim role in March, when the Louisville, Kentucky-based insurer's then-CFO of seven years, Brian Kane, announced plans to step down to "pursue other opportunities."
By Jane Thier • June 28, 2021 -
Joe Raedle via Getty Images
S&P upgrades view on nonprofit health sector as COVID-19 cases drop
Headwinds remain, notably labor expenses as burnout among staff was heavily exacerbated by the pandemic, analysts noted.
By Shannon Muchmore • June 24, 2021 -
Getty / Edited by Healthcare Dive
LifePoint to acquire Kindred, adding long-term and rehab facilities to its footprint
The private-equity backed companies did not disclose terms, but jointly took in about $14 billion in combined revenue in 2017, the last year of publicly disclosed information about their operations.
By Ron Shinkman • June 22, 2021 -
Courtesy of Spectrum Health
In latest merger bid, Beaumont seeks union with Spectrum Health to create $13B system
It's the third large-scale attempt for a deal by Southfield, Michigan-based Beaumont since 2019.
By Rebecca Pifer • June 18, 2021 -
State employee health plans know hospitals drive most costs, but struggle to make a dent
Most states instead focus on attempting to control prescription drug costs and lower utilization, according to the Georgetown University's Center on Health Insurance Reforms' poll.
By Shannon Muchmore • June 16, 2021 -
Alex Wong via Getty Images
Providers ask HHS for more flexibility in deadlines to use COVID-19 relief funds
The American Hospital Association wrote that the previous guidance limiting new deadlines to funds received after June 2020 "disadvantages certain providers without providing a clear policy rationale."
By Shannon Muchmore • Updated June 24, 2021 -
Courtesy of Humana
Humana acquires Onehome to pursue value-based home health strategy
The deal for Miramar, Florida-based Onehome follows the insurer's recent purchase of home health giant Kindred at Home for $5.7 billion.
By Rebecca Pifer • June 14, 2021 -
Health data giants Ciox, Datavant merge in $7B deal
Real-world health data company Datavant and health record IT firm Ciox Health say combining forces will result in the largest health data ecosystem in the U.S.
By Rebecca Pifer • June 10, 2021 -
One Medical and Iora serve radically different populations. Here's why the $2.1B tie-up might make sense.
With its multibillion-dollar acquisition of value-based Iora, One Medical is betting big on capturing longitudinal care and the profitability of risk.
By Rebecca Pifer • June 9, 2021 -
'Covid hangover' to spur health costs to rise 6.5% in 2022, PwC poll predicts
However, a greater reliance on lower cost sites of care like virtual visits and retail clinics could help offset higher usage of medical services, according to the report.
By Hailey Mensik • June 9, 2021 -
Private equity group buys medical supply giant Medline for $34B in biggest LBO in decade
The mammoth leveraged buyout signals investors' appetite for megadeals may be rising after a long lull following the 2008 financial crisis.
By Rebecca Pifer • June 7, 2021 -
Courtesy of Babylon Health
London-based digital health startup Babylon to go public in $3.6B blank check deal
The deal valuing the firm at 46 times its 2020 revenue is the latest in a rush of digital health companies going public, spurred in part by COVID-19.
By Rebecca Pifer • June 3, 2021 -
Sentara, Cone Health latest nonprofit systems to nix merger plans
The deal would have created a 17-hospital, $11.5 billion system. Public comments to North Carolina's attorney general expressed fears the merger could reduce competition in the market.
By Hailey Mensik • June 2, 2021 -
Courtesy of Walgreens
Walgreens completes sale of drug wholesale business to AmerisourceBergen for $6.5B
The chain plans to use the infusion of capital to reduce debt and accelerate the growth of its core retail pharmacy and health businesses, including its hefty investment in medical group VillageMD.
By Rebecca Pifer • June 2, 2021 -
Nurse shortages spur systems to dangle steep sign-on bonuses
Tenet-owned Baptist Health system in Texas is offering up to $20,000 for new nurses and other workers. Nurses who treated COVID-19 patients are in demand, Iman Abuzeid, CEO of nurse staffing platform Incredible Health, said.
By Hailey Mensik • June 1, 2021 -
Permission granted by IQVIA
Physician compensation grew modestly during pandemic, MGMA says
While compensation for primary care physicians grew in 2020, most specialists either experienced small bumps or decreases in their income, a new survey by the Medical Group Management Association found.
By Ron Shinkman • May 28, 2021
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