Finances: Page 60
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UHS beats expectations amid behavioral health, DOJ costs
Revenue rose for the hospital operator, but headwinds from an ongoing government investigation into behavioral health properties spurred a 28% net income tumble for the quarter.
By Tony Abraham • Feb. 28, 2019 -
Physicians make their hospitals $2.4M yearly, report finds
Cardiovascular surgeons make the most on average for their facilities, according to the report by a unit of AMN Healthcare, a medical staffing company.
By Les Masterson • Feb. 26, 2019 -
USDA
1 in 5 rural hospitals at risk of closing, Navigant says
More than 60% of those facilities are "highly essential" to the heath and economic well-being of their communities, according to a new report.
By Meg Bryant • Feb. 21, 2019 -
Hospitals now employ more than 40% of physicians, analysis finds
The number of hospital-acquired physician practices grew from 35,700 in 2012 to more than 80,000 in early 2018, according to a new report by Avalere Health and the Physicians Advisory Institute.
By Les Masterson • Feb. 21, 2019 -
Mayo Clinic revenue up 5% to $12.6B in 2018
The showing came despite a $1 billion investment to implement an enterprise-wide Epic EHR and $50 million in missed revenue due to the transition.
By Meg Bryant • Feb. 20, 2019 -
US healthcare spending growth to hit 5.5% by 2027, CMS predicts
The ballooning American healthcare bill will outstrip growth of the GDP over the next decade, according to an annual government report.
By Rebecca Pifer • Feb. 20, 2019 -
Hospital lobbying in 2018 — by the numbers
Drug pricing program 340B was the marquee issue for health systems last year, with concentrated efforts on site neutrality, Medicaid funding, safety net hospitals, drug pricing and Medicare for all.
By Tony Abraham • Feb. 19, 2019 -
HIMSS19: Digital health 'at peak investment cycle,' expert says
Last year's record level of investment into U.S. digital health companies came despite a lull in initial public offerings.
By David Lim • Feb. 14, 2019 -
California county pushes ahead with purchase of Verity hospitals despite AG opposition
Verity filed for bankruptcy in August. Last month, a judge denied California Attorney General Xavier Becerra's petition to block the sale of the two hospitals, citing lack of standing.
By Meg Bryant • Feb. 14, 2019 -
HIMSS19: Grassley presses CMS on recovery of improper EHR incentive payments
CMS Administrator Seema Verma told Healthcare Dive she continues to monitor efforts to recover the improper payments, but noted they occurred prior to President Donald Trump taking office.
By David Lim • Feb. 13, 2019 -
Mid-sized hospitals could recover $500K through finding dual-eligibles
Medicaid is a "significant source of untapped reimbursements," according to a new report from TransUnion Healthcare.
By Les Masterson • Feb. 13, 2019 -
Providence St. Joseph snaps up blockchain-powered RCM platform Lumedic
The deal makes Providence St. Joseph the first integrated provider-payer system with a scalable blockchain tool for RCM, the nonprofit system said Monday at HIMSS 2019 in Orlando, Florida.
By Meg Bryant • Feb. 12, 2019 -
Athenahealth's $5.7B acquisition finalized
The cloud-based health IT vendor will combine with Veritas Capital's Virence Health Technologies to form a new company under the athenahealth brand.
By Meg Bryant • Feb. 12, 2019 -
Prices — not use — drive higher healthcare costs, HCCI says
Inpatient utilization dropped, but higher prices increased inpatient spending by 10% between 2013 and 2017. Meanwhile, outpatient surgery prices and higher emergency room use and prices led to more outpatient costs.
By Les Masterson • Feb. 12, 2019 -
Hospitals should focus on productivity gains to reduce costs, report finds
From 2001 to 2016, the healthcare delivery industry grew 3.3% annually to $1.3 trillion — with 99% of growth fueled by labor costs, according to McKinsey & Company.
By Meg Bryant • Feb. 11, 2019 -
Doctors doubt pharma costs, access to drugs will improve this year
Physicians have ranked affordability and improved access as the top pharma priorities for the past four years in InCrowd surveys.
By Les Masterson • Feb. 8, 2019 -
Deep Dive
Hospital lobby ramps up 'Medicare for all' opposition
As more Democratic presidential hopefuls embrace the idea, health systems and providers have picked up lobbying efforts arguing it would shutter hospitals.
By Tony Abraham • Feb. 8, 2019 -
Baylor Scott & White, Memorial Hermann end merger talks
The Texas health systems are calling off a potential deal months after signing a letter of intent. The combined system would have had more than $13 billion in revenue.
By Meg Bryant • Feb. 6, 2019 -
Humana rides MA wave, beats Q4 earnings expectations
The payer reported revenues of $14.17 billion for the year, compared to $13.9 billion in 2017. CFO Brian Kane attributed the growth to Medicare Advantage membership, which grew by more than 9%.
By Tony Abraham • Feb. 6, 2019 -
Consumers aren't using health savings accounts for long-term savings strategy, study finds
Spending HSA funds on regular care leaves consumers at risk of paying out-of-pocket costs for emergencies and hospital visits, according to the report from Lively, Inc.
By Les Masterson • Feb. 6, 2019 -
Hospitals sparked industry job growth in January
The healthcare sector gained 42,000 jobs for the month, with ambulatory services showing the best growth, according to the latest U.S. Bureau of Labor Statistics numbers.
By Les Masterson • Feb. 4, 2019 -
Dignity-CHI merger creates largest nonprofit health system by revenue
The $29 billion system, called CommonSpirit Health, has more than 700 care locations and 142 hospitals in 21 states.
By Les Masterson • Feb. 4, 2019 -
Just 13% of hospital CFOs ready for new payment models
Financial leaders' top priority for 2019 is cutting organizational costs.
By Meg Bryant • Feb. 1, 2019 -
Cigna posts revenue jump, but Wall Street not so impressed
The payer's CEO said the change to Medicare drug rebates HHS proposed Thursday won't have "a meaningful impact" on the company or its growth, but analysts question that outlook.
By Les Masterson • Feb. 1, 2019 -
Narrow networks can effectively control health costs, report finds
But excluding hospitals in narrow plans may harm patients who live near those facilities, according to the American Economic Association paper.
By Les Masterson • Jan. 30, 2019
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