Finances: Page 83
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Summa financials improve with upswing in outpatient, ER services
The health system expects to lose about $35 million this year, which is better than the $60 million loss previously expected.
By Meg Bryant • Nov. 21, 2017 -
Medicare beneficiaries to see some cost increases next year
Some Medicare Part B enrollees will see a premium increase in 2018.
By Les Masterson • Nov. 20, 2017 -
Mayo Clinic more than doubles operating income in Q3
The health system also increased its revenues by more than 9%.
By Les Masterson • Nov. 20, 2017 -
Deep Dive
Why payers are flocking to the Medicare Advantage market
The CMS predicts more than one-third of all Medicare enrollees will be in MA plans next year.
By Les Masterson • Nov. 20, 2017 -
Sutter Health destroyed 192 boxes of evidence in antitrust case, judge says
The health system said it was a “mistake made as part of a routine destruction of old paper records.”
By Les Masterson • Nov. 20, 2017 -
Altarum launches value-based reimbursement contracting company
Payformance Solutions aims to bridge the gap in provider-payer negotiations.
By Meg Bryant • Nov. 17, 2017 -
Hospital revenue cycles improving, but denials are up
A report from Advisory Board shows a median 350-bed hospital lost $3.5 million in increased denial write-offs from payers over the past four years.
By Les Masterson • Nov. 16, 2017 -
Deep Dive
What you need to know about the new nominee to lead HHS
Alex Azar's previous stint at the agency is a plus in the eyes of many, but his more recent time as an executive for pharma giant Eli Lilly casts doubt on the Trump administration's promise to rein in drug prices.
By Shannon Muchmore • Nov. 15, 2017 -
Healthcare startup Forward expands into Los Angeles
Former Google employee Adrian Aoun founded the startup.
By Les Masterson • Nov. 15, 2017 -
CHI posts $77.9M operating loss in FY18 first quarter
The system has been in talks with Dignity Health about a possible merger and is reportedly in the final stages of the due diligence process.
By Meg Bryant • Nov. 14, 2017 -
CHS stock hits a new low
The past six months have seen the company’s stock price drop from $10.32 in May to $4.27 at the end of Monday.
By Les Masterson • Nov. 14, 2017 -
Deep Dive
How will instability in the ACA exchanges affect healthcare in 2018?
“Insurance markets work best when there’s stability and when everyone has a pretty good sense of how the market is going to operate. Sadly, we’re not there right now,” says Ken Wood, senior vice president of health plan development at Evolent Health.
By Les Masterson • Nov. 13, 2017 -
Report shines light on ACO successes, strategies
The CMS recently found that 11 of 18 Next Generation ACOs earned savings in 2016.
By Les Masterson • Nov. 13, 2017 -
NantHealth lost $42M in Q3
The company said its sale of provider/patient engagement assets to Allscripts, as well as layoffs and restructuring, contributed to the loss.
By Les Masterson • Nov. 13, 2017 -
Trump nominates former pharma exec Azar to head HHS
Alex Azar served as deputy secretary for HHS from 2005 to 2007 under President George W. Bush and until January of this year served as Eli Lilly’s president.
By Shannon Muchmore • Nov. 13, 2017 -
Most states have their own value-based payment programs, report says
Much attention recently has focused on the CMS’ value-based program adjustments, but Change Healthcare found states aren't necessarily waiting for federal direction.
By Les Masterson • Nov. 13, 2017 -
Nashville mayor requests closure of city's only safety-net hospital
The development is part of a larger trend where hospitals move more into outpatient services.
By Les Masterson • Nov. 12, 2017 -
Quorum reports $29.2M net loss in third quarter
The Brentwood, Tenn.-based health system is planning to sell off more hospitals in 2018.
By Meg Bryant • Nov. 10, 2017 -
Altarum: 43 states get failing marks on healthcare price transparency
Healthcare spending inched up just 1.1% in September, according to a separate Altarum report.
By Meg Bryant • Nov. 10, 2017 -
Deep Dive
How will expanding catastrophic health plans affect providers?
A recent presidential executive order to expand the use of safety net coverage could drive down care utilization, but might also promote more patient engagement among providers and payers.
By Les Masterson • Nov. 9, 2017 -
Hospital-employed physicians create more Medicare costs
Services at hospital-employed physicians' offices increased Medicare costs for four services by $3.1 billion between 2012 and 2015, according to a new study from the Physicians Advocacy Institute.
By Les Masterson • Nov. 9, 2017 -
Price increases, population growth drive majority of rising healthcare spending
Healthcare spending rose from $1.2 trillion to $2.1 trillion between 1996 and 2013, according to new research published in JAMA.
By Les Masterson • Nov. 8, 2017 -
Humana cuts 2,700 jobs, profits drop in Q3
The payer has been working to shed costs since its failed merger with Aetna earlier this year
By Les Masterson • Nov. 8, 2017 -
Kaiser Permanente sees double-digit growth in Q3
Operating revenue for the period grew 11.5% to $18.3 billion compared with a year ago.
By Meg Bryant • Nov. 7, 2017 -
Tenet reports $366M loss from hurricanes, Medicaid programs
Net operating revenues were down 5.4% to $4.6 billion compared with the 2016 third quarter.
By Meg Bryant • Nov. 7, 2017
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