Finances: Page 89
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IBM and MIT partner on $240M AI lab
The 10-year collaboration aims to advance hardware, software and algorithms used in cognitive learning.
By Meg Bryant • Sept. 12, 2017 -
CBO: Medicare spending has slowed this fiscal year
The agency also reported that subsidies paid to health insurance companies through the ACA marketplace rose by 25%.
By Les Masterson • Sept. 11, 2017 -
Elizabeth Regan/Healthcare Dive
Physicians say more than a fifth of all medical care is unnecessary
Fear of malpractice is the most common reason for overtreatment.
By Meg Bryant • Sept. 8, 2017 -
Altarum: Hospital spending growth rate lowest in 28 years
Year-over-year hospital spending increased 1.1% in July, which was the slowest growth in any major healthcare category.
By Les Masterson • Sept. 8, 2017 -
Tenet to sell 8 US hospitals, 9 UK facilities
The company's investors are also reportedly debating whether to break it up along three main business lines.
By Les Masterson • Sept. 7, 2017 -
Moody's downgrades CHS
The bond creditor gave CHS a “stable” outlook but said the company faces industry challenges that will limit its efforts to improve financially.
By Les Masterson • Sept. 7, 2017 -
Mayo official says hospital consolidation plan not motivated by short-term profits
Mayo Clinic plans to consolidate services, including maternity, emergency care, overnight hospitalizations and inpatient surgeries, from its Albert Lea facility to its Austin facility 25 miles away.
By Les Masterson • Sept. 7, 2017 -
Elizabeth Regan/Healthcare Dive
EDI market growing at 9.4% CAGR, could near $6B by 2025
Key players in the healthcare EDI market include McKesson, GE Healthcare and Allscripts.
By Meg Bryant • Sept. 6, 2017 -
Study: Concentrated insurer markets lead to lower hospital, physician prices
The lower prices did not result in reduced costs for members, however.
By Les Masterson • Sept. 6, 2017 -
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
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