Finances: Page 69
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GAO: rural hospital closures increasing, South hardest hit
States with Medicaid expansion were less likely to have rural hospital closures than states that did not broaden the program, according to the analysis.
By Meg Bryant • Oct. 2, 2018 -
Athenahealth sees multiple bidders with extended deadline
Several parties submitted bids before last Thursday's deadline, Healthcare Dive has learned. Whether healthcare payments system provider nThrive was among them, as reported by the New York Post, is unclear.
By Meg Bryant • Oct. 2, 2018 -
CHI finishes FY18 with income boost despite admissions slip
Operating income increased 53% year over year for the Englewood, Colorado-based nonprofit health system, while acute admissions, outpatient visits and outpatient surgeries all dropped.
By Tony Abraham • Oct. 2, 2018 -
Partners-Care New England merger granted expedited review
The Rhode Island Department of Health is speeding up the review because Care New England has "distressed" hospitals in the state.
By Les Masterson • Oct. 2, 2018 -
Report raises concerns about potential Massachusetts health system merger
A state agency reviewing the proposed merger between Beth Israel Deaconess and Lahey Health found that despite potential savings there's "no reasonable scenario in which such savings would offset spending increases."
By Les Masterson • Oct. 1, 2018 -
Summa Health announces it is seeking partnerships
The Akron, Ohio-based health system has identified 30 to 40 potential partners and expects the process to take 18 months.
By Les Masterson • Oct. 1, 2018 -
Deep Dive
Hospitals prepare for uncompensated care payment change
The move is meant to even the playing field for hospitals and create more transparency.
By Les Masterson • Sept. 28, 2018 -
Employer-based health insurance offerings increase for first time in decade
Healthcare costs, however, remain a major concern for small businesses, according to the Employee Benefit Research Institute.
By Les Masterson • Sept. 28, 2018 -
Google program invests in voice assistant startup Aiva Health
The funding will be used to speed development and deployment of Aiva's AI-powered platform.
By Meg Bryant • Sept. 27, 2018 -
Aetna sells Medicare Part D business to WellCare subsidiary
The deal is meant to grease the wheels for approval of the payer's pending $69 billion acquisition by CVS.
By Samantha Liss • Sept. 27, 2018 -
Safety-net hospitals get break on FY19 readmission penalties, analysis finds
Some penalties are being cut by half or more, and 65 safety-net facilities that were penalized last year will see no dock at all this year, according to a data review by Kaiser Health News.
By Les Masterson • Sept. 27, 2018 -
UnitedHealthcare threatens to drop Envision providers
Envision, which employs more than 23,000 clinicians, said it is preparing to continue to serve patients and hospitals "without disruption regardless of the contract status with any payer."
By Les Masterson • Sept. 26, 2018 -
Hospital leaders see little relief from rising labor budgets, survey shows
To cut expenses, executives will focus on labor costs and supply chain productivity, according to a report from the Healthcare Financial Management Association and Navigant.
By Meg Bryant • Sept. 25, 2018 -
Medicaid spending increase expected to exceed GDP growth over next decade
A new HHS Office of the Actuary report projected an average annual rate increase of 5.7% until 2026.
By Les Masterson • Sept. 24, 2018 -
Nonprofit hospital operating margins struggle despite stronger balance sheets, Fitch says
The median rating remains an A, with hospitals showing improvement in all key balance sheet metrics, according to the ratings agency.
By Meg Bryant • Sept. 21, 2018 -
Iowa's Medicaid managed care costs rise faster than before
Medicaid per-member costs increased an average of 4.4% in the first full year of privatization. That's nearly triple the 1.5% average the previous six years.
By Les Masterson • Sept. 21, 2018 -
Oklahoma hospital turns to go GoFundMe to stay afloat
After a fallout with a previous management group and a legal battle over cash, a rural hospital is on the brink of closing.
By Samantha Liss • Sept. 20, 2018 -
Prescriptions, ED visits, outpatient services drive healthcare spending growth
The Health Care Cost Institute found that employer-sponsored insurance spending increased by 44% between 2007 and 2016.
By Les Masterson • Sept. 20, 2018 -
Athenahealth extends acquisition bid deadline
The delay is to allow for a new strategic buyer to prepare its bid, a source close to the matter said.
By Meg Bryant • Sept. 19, 2018 -
Medicare ACOs save more money with more time, Avalere says
The Medicare Shared Savings Program has been scrutinized recently as more performance data surface. After the initiative missed federal cost savings projections from 2013 to 2016, recent results have been more promising.
By Les Masterson • Sept. 19, 2018 -
Summa Health pulls off financial turnaround in H1
The system's interim CEO said a broad effort to lower costs and improve access was responsible for the favorable first half, including expanded hours and moving to a new headquarters.
By Les Masterson • Sept. 18, 2018 -
Cigna-Express Scripts merger cleared by DOJ
Federal regulators said the deal "is unlikely to result in harm to competition or consumers." Eyes now turn to the proposed Aetna-CVS union.
By Samantha Liss • Sept. 17, 2018 -
Patient attribution crucial part of value-based contracting, actuaries say
There are trade-offs between attribution methods that rely on retrospective reviews of fee-for-service claims and those that attribute patients in advance of performance periods, according to a Society of Actuaries report.
By Les Masterson • Sept. 17, 2018 -
Hospital operating margins dropped 39% over 3 years
Lower demand, Medicare payments and collection rates, as well as the move to value-based contracting, led to the decrease, according to a Navigant report.
By Les Masterson • Sept. 13, 2018 -
Evolent buys New Century Health to beef up specialty care
The value-based care services company is looking to expand its influence over costs and move into Medicare Advantage, a high-growth area.
By Les Masterson • Sept. 13, 2018