Finances: Page 61
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Free-standing ERs costs 22 times more than doctor's office, UnitedHealth study says
There were at least 566 free-standing ERs in the country in 2016, which was a 42% increase from the previous year and a 155% increase from 2008, according to a UnitedHealth Group report.
By Les Masterson • March 7, 2019 -
Amazon-JPM-Berkshire Hathaway troika has a name: Haven
Few concrete details emerged from the branding bid, but Haven's website and a letter from CEO Atul Gawande set lofty guiding principles for the venture.
By Rebecca Pifer • March 6, 2019 -
Feedback for lowering healthcare costs focuses on surprise billing, value-based care
The American Medical Group Association suggested methods for decreasing administrative burdens, promoting price transparency and encouraging patient engagement and accountability.
By Les Masterson • March 4, 2019 -
Deep Dive
Mixing medicine and money: Why the rise of health system VCs is raising ethical concerns
More dollars than ever are flowing from VCs affiliated with nonprofit health systems, spurring questions around conflicts of interest.
By Andrew Dunn • March 4, 2019 -
Beth Israel Lahey Health becomes official
The merger involving Beth Israel Deaconess Medical Center and Lahey Health creates the second-largest health system in Massachusetts.
By Les Masterson • March 4, 2019 -
UPMC operating revenue up 20% to $19B in 2018 as it preps for legal bout
The nonprofit health system reported outpatient revenue grew 25%, admissions increased 15% and physician revenue rose 13% in 2018.
By Meg Bryant • March 1, 2019 -
Cleveland Clinic treats record number of patients amid expansion efforts
The nonprofit health system plans to significantly increase its footprint this year by adding a handful of hospitals in Florida and expanding its reach in international markets such as London and Abu Dhabi.
By Les Masterson • Feb. 28, 2019 -
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
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