Hospitals: Page 10
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CHS deal to sell 3 Pennsylvania hospitals falls through after buyer fails to secure funds
Some lawmakers are concerned the facilities may close absent a deal.
By Susanna Vogel • Nov. 27, 2024 -
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Sanofi joins J&J, Eli Lilly in proposing 340B rebate model
Sanofi plans to phase in its own rebate model for 25 drugs — including anti-inflammatory injectable Dupixent, one of the top 10 drugs in global sales — early next year. It’s unclear how regulators will react.
By Rebecca Pifer • Updated Nov. 27, 2024 -
Explore the Trendline➔
Yujin Kim/Healthcare Dive
TrendlinePayer/provider relationships
As M&A intensifies and companies embrace more holistic and value-based care models, partnerships have become more closely intertwined.
By Healthcare Dive staff -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS to sell Florida-based ShorePoint Health System
The $265 million deal with AdventHealth is expected to close early next year.
By Susanna Vogel • Nov. 26, 2024 -
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Hospital price transparency continues to drop: report
Just 21.1% of hospitals are in full compliance with federal price transparency rules, according to Patient Rights Advocate. Compliance has slipped since July 2023.
By Susanna Vogel • Nov. 22, 2024 -
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Providers will need to boost cyber defenses amid AI adoption: Moody’s
AI could ease labor shortages, but health systems will need to increase cybersecurity spending to manage heightened risks, according to the credit ratings agency.
By Emily Olsen • Nov. 21, 2024 -
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MPT installs new leadership at Prospect hospitals as system continues to miss rent payments
Prospect has attempted to sell hospitals to generate liquidity, but has been unable to offload several of its properties.
By Susanna Vogel • Updated Nov. 25, 2024 -
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Providence names new COO
Darryl Elmouchi will take on the role effective Jan. 2 as Providence reshuffles its executive team.
By Susanna Vogel • Nov. 20, 2024 -
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Eli Lilly follows J&J in suing Biden administration over 340B rebates
Major drugmakers are filing lawsuits against the HHS and HRSA to try to resuscitate plans to issue hospitals rebates instead of giving them upfront discounts on 340B drugs.
By Rebecca Pifer • Nov. 18, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS is gearing up to play offense again in hospital M&A game, CFO says
The Franklin, Tennessee-based operator has not purchased a hospital in years. That may soon change as CHS' margins improve.
By Susanna Vogel • Nov. 15, 2024 -
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Tenet CEO looks ahead to second Trump term
Saum Sutaria doesn't think the ACA marketplace is going anywhere under President-elect Donald Trump, noting beneficiaries are an “important part of the electorate” for the incoming administration.
By Susanna Vogel • Nov. 13, 2024 -
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J&J sues federal government for halting 340B rebate plan
The New Jersey-based drugmaker is trying to get the courts’ backing to pay hospitals rebates for two drugs in the 340B drug discount program, instead of offering upfront discounts.
By Rebecca Pifer • Nov. 13, 2024 -
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High labor expenses still challenging providers: report
Medical groups' median investment in each employed physician surpassed $300,000 for the first time ever in the third quarter, according to Kaufman Hall.
By Emily Olsen • Nov. 13, 2024 -
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Pharmacy costs, high utilization drive Kaiser to $608M operating loss in Q3
Kaiser said it would institute cost-cutting measures in response to the lackluster financial results, but didn’t detail specifics.
By Susanna Vogel • Nov. 12, 2024 -
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Many hospitals still aren’t complying with price transparency rule: OIG
In a sample of 100 hospitals, 34 didn’t meet requirements for publishing machine-readable files of their charges while 14 didn’t follow rules to post shoppable services.
By Emily Olsen • Nov. 12, 2024 -
Courtesy of Summa Health
General Catalyst’s HATCo to acquire Summa Health for $485M
The deal, along with the Ohio-based health system’s current cash, would eliminate nearly all of Summa’s debt.
By Emily Olsen • Nov. 11, 2024 -
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CHS to sell Mississippi hospital
Community Health Systems aims to net $1 billion or more in total proceeds from hospital sales.
By Susanna Vogel • Nov. 11, 2024 -
Retrieved from Gustavo Fring from Pexels.
Ascension Michigan settles multiyear dispute about employee vaccination policy
The health system will offer up to five weeks of back pay to staff that were denied religious exemptions for COVID-19 vaccine mandates.
By Susanna Vogel • Nov. 7, 2024 -
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How the healthcare industry is reacting to a second Trump term
Donald Trump’s first term as president was characterized by significant turbulence for government healthcare programs. Here’s how some of the most influential industry groups responded to the Republican’s reelection.
By Rebecca Pifer • Nov. 7, 2024 -
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MACPAC calls for greater transparency amid steep rise in Medicaid directed payments
Dramatic growth in an opaque Medicaid funding mechanism is exacerbating concerns about the program’s fiscal integrity — while spurring financial gains for the hospital industry.
By Rebecca Pifer • Nov. 5, 2024 -
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Novant Health closes UCI Medical Affiliates acquisition
The deal includes more than 70 urgent care and physical therapy clinics, which Novant said would complement its portfolio in South Carolina.
By Emily Olsen • Nov. 5, 2024 -
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Surprise BillingFederal government notches rare win in surprise billing lawsuit
Last week, the 5th Circuit Court of Appeals sided with the federal government’s original interpretation of the No Surprises Act in determining how a key metric in billing disputes is calculated.
By Sydney Halleman • Nov. 5, 2024 -
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Physicians, hospitals decry 2025 Medicare payment rates
Physicians will see their Medicare reimbursement fall 2.9% next year if Congress doesn’t stop the cuts. Meanwhile, reimbursement for hospital outpatient departments is rising 2.9%.
By Rebecca Pifer • Nov. 4, 2024 -
Retrieved from Crozer Health.
Pennsylvania attorney general sues Prospect Medical alleging ‘corporate greed’
The lawsuit argues Prospect broke the terms of its agreement to purchase Pennsylvania system Crozer Health and seeks to stop the hospital operator from closing more facilities.
By Susanna Vogel • Oct. 31, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Demand for services boosts Tenet’s third-quarter revenue to $5.1B
Despite beating estimates for revenue, the health system lowered the upper end of its full year revenue outlook. Analysts said the revision was due in part to the sale of some hospitals.
By Susanna Vogel • Oct. 29, 2024 -
Courtesy of HCA Healthcare
HCA logs $50M hurricane hit in Q3, expects greater loss in Q4
The for-profit giant affirmed its full-year revenue guidance, but executives said the ongoing impact of the storms would likely cause the operator to come in “on the lower half” of its range.
By Susanna Vogel • Oct. 29, 2024
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