Finances: Page 90
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Lutheran Health exec resigns over alleged CHS mismanagement
Lutheran Hospital's CMIO claimed CHS threatened the physician group attempting to buyout the Fort Wayne, Indiana network with litigation.
By Meg Bryant • July 11, 2017 -
Care in last year of life less costly than thought, study finds
Aggregate spending during the last 12 months of life ranged from 8.5% in the U.S. to 11.2% in Taiwan.
By Meg Bryant • July 7, 2017 -
GAO: CMS erred in giving bonuses to lower-quality hospitals
The Hospital Value-Based Purchasing Program rewarded some hospitals because of favorable efficiency scores, despite their lower quality metrics, according to the report.
By Meg Bryant • July 7, 2017 -
Roche buys digital diabetes management platform mySugr
From tech giants to startups, companies are looking at diabetes treatment and management for future growth.
By Meg Bryant • July 6, 2017 -
Physician group drops bid to buy CHS' Lutheran Health Network
In other CHS news, the hospital chain has completed the sale of nine hospitals.
By Les Masterson • July 5, 2017 -
Open Payments: Industry payments to physicians, hospitals rose to $8.2B in 2016
The latest data review found 1,481 companies made payments to 631,000 physicians and 1,146 teaching hospitals.
By Les Masterson • July 3, 2017 -
Hallmark Health announces layoffs, consolidation of services
Hallmark’s Medford, Massachusetts hospital is averaging just two ICU patients and 17 medical/surgery patients a day.
By Meg Bryant • June 30, 2017 -
Hospitals see revenue opportunities in oxygen therapy for diabetics
The number of hospitals with hyperbaric oxygen units has doubled since 2004, from 626 to 1,350 last year.
By Meg Bryant • June 29, 2017 -
Hospitals lose $22M on average because of revenue cycle issues, report finds
An Advisory Board Company analysis argues hospitals and health systems’ critical benchmarks need a strategic overhaul after being stagnant or steadily sliding since 2011.
By Les Masterson • June 28, 2017 -
Memorial Hermann Health System cuts 350 more employees
This is the second round of layoffs for the Houston-based system this year.
By Les Masterson • June 28, 2017 -
Summa Health to cut 300 positions, scale back services in face of $60M operating loss
Low patient volume at both inpatient and outpatient settings contributed to the health system’s decision.
By Meg Bryant • June 27, 2017 -
Contract dispute between MN insurer, children's health system goes public
The current contract between Blue Cross and Blue Shield of Minnesota and Children's Hospitals and Clinics of Minnesota ends on July 5.
By Les Masterson • June 27, 2017 -
Report: $262B in healthcare claims initially denied last year
As much as 3.3% of net patient revenue is put at risk because of denials for a typical health system, an analysis from Change Healthcare found.
By Les Masterson • June 26, 2017 -
Georgia hospital close to closure sues BCBS over reduced payments
Cornerstone Medical Group is the only hospital in rural Walker County.
By Meg Bryant • June 23, 2017 -
Kaiser Permanente buys $14.1M building in Northern Virginia
The health system’s Mid-Atlantic affiliate plans to expand an existing medical facility in Ashburn, Va.
By Meg Bryant • June 23, 2017 -
Teladoc to acquire medical consultation firm Best Doctors for $440M
The deal will add 50,000 specialists to Teladoc’s network of 3,100 physicians and therapists.
By Meg Bryant • June 21, 2017 -
Study shows patients aren't protected from surprise bills
Only six states provide a “comprehensive approach to protect consumers," but even those laws have loopholes.
By Les Masterson • June 21, 2017 -
Hospitals eyeing former retail space for outpatient clinics
Dana Farber Cancer Institute has leased two floors of a former shopping mall in Chestnut Hill, Massachusetts.
By Meg Bryant • June 20, 2017 -
ER visits up, uninsured visits down in Medicaid expansion states
The study’s lead author said the impact of Medicaid expansion varied greatly depending on the state.
By Les Masterson • June 19, 2017 -
MedPAC suggests MIPS overhaul, more site-neutral payments
The committee's June report calls for faster changes to the post-acute care settings prospective payment system, but the AHA doesn't support such a change.
By Shannon Muchmore • June 19, 2017 -
Sutter Health closing nursing unit, laying off 72 at San Francisco hospital
California Pacific Medical Center will close St. Luke’s skilled nursing and sub-acute units.
By Les Masterson • June 16, 2017 -
Value-based program not associated with clinical process improvement, study finds
The New England Journal of Medicine report also found the Hospital Value-Based Purchasing program was not associated with a significant reduction for two of three mortality measures.
By Les Masterson • June 16, 2017 -
South Carolina merger will create largest health system in state
The new health system — combining Palmetto Health and Greenville Health System — will have 13 hospitals, 1.2 million patients and $3.9 billion in annual net revenue.
By Les Masterson • June 16, 2017 -
AHCA could mean 725K fewer healthcare jobs by 2026
The House version of the AHCA would result in the loss of 924,000 jobs over 10 years and spark economic downturns in every state, according to research from George Washington University and The Commonwealth Fund.
By Shannon Muchmore • June 15, 2017 -
Lawsuit alleges CHS didn't offer required charity care at 2 Wash. hospitals
The suit claims CHS didn’t provide the required $110 million in uncompensated and discounted care between September 2008 and December 2015.
By Les Masterson • June 14, 2017
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