Finances: Page
-
Yujin Kim/Healthcare Dive
Growing cyberattacks on hospitals may soon hit bottom lines, patient care: Fitch
"Hospital and health system databases are a treasure trove of critical and sensitive patient data, which are highly sought after by cyber criminals for ransomware and double extortion schemes," the report warns.
By Ron Shinkman • July 23, 2021 -
Getty / Edited by Healthcare Dive
Tenet rebounds in Q2, buoyed by volume recoveries
CEO Ron Rittenmeyer told investors the quarter came in "better than expected on many fronts," but asked them to "please realize we're not claiming any victory, and we're not relaxing."
By Hailey Mensik • July 22, 2021 -
Medical debt overtakes nonmedical as largest source in collections. COVID-19 may be making it worse.
The study published in JAMA also found medical debt was significantly more concentrated in states that didn't expand Medicaid under the Affordable Care Act.
By Rebecca Pifer Parduhn • July 21, 2021 -
Patient volume rebound spurs HCA to $1.7B net income in Q2
The system, considered the industry bellwether for the hospital earnings season, raised its full-year expectations for earnings and revenue following the results, banking on continued demand.
By Rebecca Pifer Parduhn • July 20, 2021 -
Alex Wong via Getty Images
CMS pitches stiffening price transparency fines, halting end of inpatient-only list
Hospitals notched a win with the proposal to reverse the Trump administration's rollback of the inpatient-only list, but took hits with added enforcement of the pricing rule and in other areas.
By Shannon Muchmore • July 20, 2021 -
Large self-insured employers lack power in hospital price negotiations
A study in The American Journal of Managed care found that hospital market power far outweighs employer market power, suggesting employers may want to consider forging purchase alliances with local government employee groups.
By Samantha Liss • July 16, 2021 -
Health tracking tech revenue to reach $13B this year amid sustained consumer demand
Devices like blood glucose trackers, smart thermometers and pulse oximeters are a small but growing slice of the larger consumer tech market, according to the Consumer Technology Association.
By Rebecca Pifer Parduhn • July 16, 2021 -
UnitedHealth brings in $71B in revenue, biding time on Biogen Alzheimer's drug coverage call
The health giant also expects both utilization and service acuity to trend up progressively in the back half of 2021. "We haven't observed that yet, but it's probably too early to say," CFO John Rex told investors Thursday.
By Rebecca Pifer Parduhn • July 15, 2021 -
iStock
CMS proposes extension of Medicare telehealth coverage
Provider groups are not happy with the payment adjustment in the rule — a 3.75% reduction to the conversion factor due to budget neutrality requirements — and will likely seek congressional intervention.
By Shannon Muchmore • July 14, 2021 -
Adeline Kon/Healthcare Dive/Healthcare Dive
Deep DiveMedtech pay to doctors plunged in 2020 as COVID-19 pummeled electives, in-person services
Zimmer Biomet had the biggest drop, cutting general payments nearly 80% to $63 million. Other notable decreases include Stryker, J&J's DePuy Synthes and Boston Scientific.
By Ricky Zipp • July 13, 2021 -
Permission granted by ZS
Women teaching internal medicine paid far less than men, study finds
Female academics were paid at least 90% of men's median yearly salary in 10 of 13 internal medicine specialties, according to new research published in JAMA Internal Medicine.
By Rebecca Pifer Parduhn • July 13, 2021 -
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 Parduhn • 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 Parduhn • 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 Parduhn • 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 Parduhn • 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 Parduhn • 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
Previous
