Finances: Page 93
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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 -
Mayo Clinic plans consolidation of 2 Minn. hospital campuses
The system pointed to staff shortages, rising costs and falling reimbursement as reasons for the consolidation plan.
By Les Masterson • June 13, 2017 -
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
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