Finances: Page
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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 -
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
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