Finances: Page 91
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Healthcare costs at 'new normal' but still outpacing wages, inflation
PwC's Health Research Institute expects 6.5% medical cost growth rate for 2018.
By Jeff Byers • June 13, 2017 -
Court rejects Methodist Health Service's $300M antitrust case against competitor
The lawsuit was filed against St. Francis in 2013, claiming the “larger and more profitable” hospital violated the Sherman Act to the detriment of Methodist.
By Ana Mulero , Les Masterson • June 12, 2017 -
Most new provider-sponsored health plans not profitable
A Robert Wood Johnson Foundation report found many such systems are not aligning clinically integrated networks and accountable care organizations to their health plan strategy. Instead, they are reducing costs by paying providers less.
By Les Masterson • June 12, 2017 -
2017 Fortune 500 list includes 8 healthcare providers
Six of the eight Fortune 500 providers are hospital management companies.
By Meg Bryant • June 9, 2017 -
HCA to offer senior secured notes to fund hospital purchases
Fitch Ratings gave the proposed offering a stable “BB+/RR1” rating.
By Les Masterson • June 9, 2017 -
UPMC Susquehanna to buy 2 Penn. hospitals from Quorum Health
The Williamsport, Penn.-based health system signed an agreement to buy 70-bed Sunbury Community Hospital and 47-bed Lock Haven Hospital.
By Les Masterson • June 7, 2017 -
Tenet, Humana come to agreement on new contract
The companies had failed to reach an agreement in 2016, which left Humana members unable to get covered care in Tenet facilities.
By Les Masterson • June 6, 2017 -
4 recent hospital closures, layoffs related to reimbursement woes
Declining revenues and low volumes are causing hospitals to close doors or lay off employees. MedStar Washington Hospital Center cites financial challenges for its decision to let go 100 employees.
By Jeff Byers • June 6, 2017 -
Supreme Court upholds ERISA exemption for faith-based hospitals
The ruling allows religious-affiliated hospitals to avoid federal pension requirements under the “church plan” exemption.
By Meg Bryant • June 6, 2017 -
NYC Health + Hospitals cuts 476 positions amid financial pressure
The announcement came a day after the largest U.S. public health system reported a $673 million loss for the third quarter.
By Les Masterson • June 2, 2017 -
CHS continues divestitures with sale of 5 PA hospitals
The deals are part of a major restructuring CHS put in place last year to reduce about $15 billion in debt — stemming in part from its 2014 purchase of Health Management Associates for $7.5 billion.
By Jeff Byers • June 2, 2017 -
For-profit hospitals lead the pack of widely varied ED charges
The markups often result in surprise medical bills, which state legislatures are trying to fight.
By Meg Bryant • June 2, 2017 -
NYC H+H reports $673M quarterly loss
The system reported a 1.8% increase in revenues to $6.7 billion in the quarter, but net patient service revenues dropped by 9%, in part because of lower DSH payments.
By Les Masterson • June 2, 2017 -
EHR vendor eClinicalWorks to pay $155M in False Claims Act case
This is the first time an EHR vendor has been held accountable by the government "for failing to meet federal standards designed to ensure patient safety and quality patient care,” a partner at Phillips & Cohen said.
By Meg Bryant • June 1, 2017 -
Study: Improving quality reduces readmissions, but doesn't lead to consistent savings
Cedars-Sinai researchers found quality improvement programs saved health systems an average $972 per heart failure patient but lost a net average $169 per person for other patients.
By Les Masterson • June 1, 2017 -
Deep Dive
4 strategies for providers to collect on outstanding patient balances
Practices only collect 12% of outstanding balances at the time of service, according to new data from athenahealth.
By Jeff Byers • May 31, 2017 -
Cleveland Clinic adds big name to VBC task force
The Health Care Transformation Task Force has more than 40 members representing providers, payers, purchasers and patients.
By Shannon Muchmore • May 31, 2017 -
Deep Dive
Children's hospitals — and their patients — caught in the crosshairs with planned federal cuts
The proposed funding cuts would increase the rate of uninsured children and burden children’s hospitals with more uncompensated care.
By Les Masterson • May 30, 2017 -
Banner Health sees Q1 operating income tumble 36%
On the bright side, revenues climbed 1% to $1.95 billion.
By Meg Bryant • May 26, 2017 -
Healthcare startup investments vary amid ACA uncertainty
Startups that target insurance solutions are most challenged in the current regulatory climate.
By Meg Bryant • May 26, 2017 -
Deep Dive
Nonprofit, for-profit hospitals play different roles but see similar financial struggles
The trend of healthcare M&A will continue at both for-profits and nonprofits as systems look for ways to handle risk-based contracting and other Medicare changes.
By Les Masterson • May 25, 2017 -
Moody's: Quality of care, operating margins linked for nonprofit hospitals
A recent report found nonprofit hospitals are strategically focusing on risk management and technology.
By Les Masterson • May 24, 2017 -
CHI says divesting Louisville hospitals, facilities should help bottom line
The large nonprofit system reported a $40.1 million operating loss overall in the third quarter of FY17, which is a significant improvement over the $81.6 million lost in the same quarter last fiscal year.
By Les Masterson • May 23, 2017 -
South Carolina physicians upset over RVU payment plan
The Medical University of South Carolina Hospital will soon pay about 1,000 physicians based on the number of patients they treat rather than how much money each department generates.
By Les Masterson • May 22, 2017 -
Steward could become largest private for-profit hospital system with $2B merger
Steward Health Care and IASIS Healthcare announced a definitive agreement to merge, which would create a system with 36 hospitals across 10 states.
By Les Masterson • May 21, 2017
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