Finances: Page 86
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Sepsis costs Medicare $6B, topping all other inpatient discharges
Joint replacements have historically been the most common and expensive inpatient discharge.
By Les Masterson • Sept. 5, 2017 -
Deep Dive
Independent Payment Advisory Board still in Congress' crosshairs
Medicare spending hasn't yet reached the level to activate IPAB, which ACA opponents mischaracterized as a "death panel." Most of the healthcare industry supports stopping it before it starts.
By Les Masterson • Sept. 5, 2017 -
Moody's: Harvey may affect nonprofit hospital credit for years
The investor report said patient volumes, especially for outpatient and elective procedures, will play a major part in the impact on hospitals in southeast Texas.
By Les Masterson • Sept. 4, 2017 -
UPMC posts 22.5% drop in operating income for FY 2017
This was despite strong revenues for the year, which grew by more than $1 billion to $14.4 billion.
By Meg Bryant • Sept. 1, 2017 -
Advocate Health's revenues climb 7.6%, but operating income drops 41%
The Downers Grove, Illinois-based health system announced a $200 million cost-cutting plan in May.
By Meg Bryant • Sept. 1, 2017 -
More than 3% of ED visits are avoidable, study shows
The authors suggest addressing gaps in the healthcare system to reduce the unnecessary visits, which are most often connected to mental health and dental conditions.
By Les Masterson • Sept. 1, 2017 -
Carolinas HealthCare and UNC announce merger plans
It's the latest in a string of megamergers, as this year's theme of consolidation in the industry continues.
By Meg Bryant • Sept. 1, 2017 -
NorthBay Healthcare accuses Kaiser Permanente of underpaying for ED care
NorthBay alleges Kaiser conducted an "anti-competitive conspiracy," but Kaiser says it offers fair and reasonable rates.
By Les Masterson • Aug. 31, 2017 -
Cleveland Clinic triples operating income through higher patient volumes
The health system is bucking the trend of decreased admissions and taking the opportunity to grow and spread investments.
By Les Masterson • Aug. 31, 2017 -
Fitch Ratings: Bundled payment changes a mixed bag for healthcare
The analysis noted hospitals may see reduced operations and compliance costs, but the choice from CMS to cancel or scale-back some bundled models could slow the overall movement toward value-based care.
By Les Masterson • Aug. 31, 2017 -
SSM Health set to begin construction of new SLU Hospital
The $550 million facility is set to be completed in September 2020.
By Meg Bryant • Aug. 29, 2017 -
Anthem will no longer pay hospitals for outpatient MRIs, CT scans
The payer recently announced it will expand a policy that denies emergency department claims it deems unnecessary.
By Les Masterson • Aug. 28, 2017 -
Tennessee health agency turns down Baptist Memorial's proposal for freestanding ER
The agency also rejected earlier proposals from Baptist and Saint Francis Hospital-Bartlett in April.
By Les Masterson • Aug. 25, 2017 -
MemorialCare Health System dropped from Anthem Blue Cross network
This comes amid a number of recent and ongoing payer contract disputes, which are usually resolved soon after patients become affected.
By Les Masterson • Aug. 25, 2017 -
Partners HealthCare delays purchase of Care New England
Partners wants Care New England to show it a turnaround plan that can transform the system to become profitable.
By Les Masterson • Aug. 24, 2017 -
Cleveland Clinic involved in deal to open China hospital
The organization said international activities have increased the diversity of the health system’s healthcare operations.
By Les Masterson • Aug. 24, 2017 -
Providence Health & Services cuts 210 jobs
While the layoffs are a small number in comparison to the system's 111,000 employees, the company is prepping more cost containment measures.
By Jeff Byers • Aug. 24, 2017 -
MD Anderson Cancer Center in the black, up $11M so far in FY17
The provider lost $267.1 million in the fiscal year ending Aug. 31, 2016.
By Les Masterson • Aug. 23, 2017 -
Moody's: Nonprofit hospitals' expenses outpace revenue
Despite the current trend, Moody’s said the sector has a “stable outlook.”
By Les Masterson • Aug. 22, 2017 -
Camber Capital buys 5.7M shares of Tenet Healthcare
The move comes days after two Tenet board members resigned.
By Les Masterson • Aug. 21, 2017 -
UMass Memorial drops out of Medicaid ACO program
The central Massachusetts health system will not be joining 17 other organizations participating in the state's Medicaid overhaul.
By Les Masterson • Aug. 21, 2017 -
UPMC plans $900M capital budget next year
The organization is expanding further into central Pennsylvania.
By Les Masterson • Aug. 20, 2017 -
Hospital consolidation continues with deals in Kentucky, Georgia
A merger between Northside Hospital and Gwinnett Health System in Georgia will create a 1,479-bed system.
By Meg Bryant • Aug. 18, 2017 -
Medica to acquire Mayo Clinic's health benefits administration division
The division, which processes and handles benefits administration for self-insured companies, generated about $15 million in revenue last year.
By Meg Bryant • Aug. 18, 2017 -
Summa Health announces $33M loss in H1
The Akron, Ohio-based nonprofit health system blamed lower patient volume for the losses.
By Les Masterson • Aug. 17, 2017
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