Finances: Page
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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 -
Physician group wants to buy CHS' Lutheran Health Network
Medical professionals at Lutheran Hospital voted unanimously to support selling the hospital because they have "no confidence" in CHS.
By Les Masterson • May 20, 2017 -
KentuckyOne Health CEO's resignation latest in trend among pressured providers
Many individuals in top positions at health systems across the country have stepped down this year amid challenging financials.
By Jeff Byers • May 19, 2017 -
Deep Dive
Why digital health M&A could just be warming up
“Digital health is going to be one of the most active healthcare sectors for the foreseeable future,” PwC’s Dan Farrell said.
By Meg Bryant • May 18, 2017 -
Moody's sees softening of nonprofit hospital market
Margins declined from 2015 levels, following two years of strengthening.
By Les Masterson • May 17, 2017 -
Harken Health shuts down after a year of cuts, losses
UnitedHealth started the company in 2015 to test an integrated model that offered primary care visits, mental health counseling and other services with no copays.
By Les Masterson • May 16, 2017 -
Kaiser Permanente announces $1B operating gain in Q1
The California health system had a 5.5% operating margin, which was an improvement from 4.3% in the first quarter of 2016.
By Les Masterson • May 16, 2017 -
Survey: Value-based care shift is C-suite leaders' top strategic concern
A majority of surveyed U.S. healthcare executives don't think the Trump administration will slow down the move to value-based care.
By Meg Bryant • May 16, 2017 -
Report: Today's uncertain healthcare climate demands flexible real estate approach
“Healthcare executives recognize they can’t sit still waiting for healthcare reform and reimbursement models to sort themselves out,” said JLL Corporate Solutions’ Peter Bulgarelli.
By Meg Bryant • May 16, 2017 -
KentuckyOne Health plans to sell Jewish Hospital, other provider practices
CEO Ruth Brinkley pointed to “great change and great uncertainty in the healthcare industry" for the decision.
By Les Masterson • May 13, 2017 -
Geisinger, Highmark announce joint venture
The companies plan on building a new medical campus in rural Montoursville, Pennsylvania with the aim of improving population health.
By Meg Bryant • May 12, 2017 -
Optum sees path to Mass. market with Reliant purchase
Reliant officials said in a release that aligning with Optum would allow the medical group to expand and grow, modernize clinical facilities, attract top medical talent and access advanced data analytics.
By Meg Bryant • May 12, 2017 -
Kaiser Permanente raises $4.4B in bond offerings
The company plans to use the funds to expand its technology and capacity, having increased recently to more than 11 million members.
By Les Masterson • May 11, 2017 -
Montgomery County Planning Commission
Aetna will not participate in ACA exchanges at all next year
The insurer said it is pulling out because of financial losses, adding that its individual commercial products lost nearly $700 million between 2014 and 2016 and could lose another $200 million this year.
By Shannon Muchmore • May 11, 2017
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