Hospitals: Page 13
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Hospitals boost operating margins in July: report
Increased demand for services helped offset high expenses for hospitals, according to analytic solutions firm Strata.
By Susanna Vogel • Aug. 29, 2024 -
Courtesy of Cone Health
Risant Health plans to invest over $1B into Cone Health
The Kaiser Permanente-backed nonprofit health system will invest in facility upgrades and health equity initiatives after it cinches its second acquisition.
By Susanna Vogel • Aug. 29, 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 -
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McLaren Health Care restores network weeks after ransomware attack
Still, it may take several weeks to input patient information manually collected during the outage into its electronic health record, the Michigan-based health system said. McLaren was also hit by a ransomware attack last year.
By Emily Olsen • Aug. 28, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Northwell-Nuvance deal gets green light from state attorneys general
To gain regulatory approval, Northwell agreed to invest in women’s health services and maintain staffing levels at Nuvance hospitals in the years following the merger, among other terms.
By Susanna Vogel • Aug. 27, 2024 -
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J&J plans unilateral reform to 340B drug discount program
A looming change to how Johnson & Johnson pays out discounts to 340B-eligible drugs has hospitals — and the government — crying foul.
By Rebecca Pifer • Updated Aug. 27, 2024 -
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Steward to close two Ohio hospitals, Pennsylvania facility at risk
The closures are a “tragic result of greed-driven hospital executives, backed by private equity, who prioritize their yachts and private jets over patient care,” said an Ohio nurse union leader.
By Rebecca Pifer • Aug. 23, 2024 -
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New Jersey to erase $100M of medical debt
Nearly 50,000 residents will see their debt forgiven. The initiative comes as other states and federal regulators have moved to lessen the burden of medical debt.
By Emily Olsen • Aug. 22, 2024 -
The image by Renegomezphotography is licensed under CC BY-SA 4.0
Judge strikes down FTC noncompete ban nationwide
Obviating the ban has big implications for U.S. healthcare, an industry that frequently relies on noncompetes to lock medical workers into employment agreements with hospitals, insurers and other employers.
By Ryan Golden , Rebecca Pifer • Aug. 21, 2024 -
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Tracking Steward's declineMassachusetts makes deal to force Steward hospital sales
Gov. Maura Healey’s office has brokered agreements for Steward to sell five hospitals to other operators, ensuring they’ll remain open as the health system’s bankruptcy proceedings drag on.
By Rebecca Pifer • Aug. 19, 2024 -
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Court strikes down HHS change to low-income payment formula in win for Texas hospitals
The case centered on whether patients who receive funds from a pool of state money for uncompensated care could be included in calculating hospitals’ disproportionate share funding.
By Rebecca Pifer • Aug. 19, 2024 -
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HCA pushed out providers, downgraded care after acquiring Mission Health: report
A scathing report from Wake Forest University accuses HCA of driving away doctors from Mission Hospital after the acquisition.
By Susanna Vogel • Aug. 16, 2024 -
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Kaiser Permanente rolls out Abridge’s AI documentation tool
The product, which uses AI to summarize medical information from conversations between patients and clinicians, is now available across Kaiser’s 40 hospitals and more than 600 medical offices.
By Emily Olsen • Aug. 15, 2024 -
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Unsealed court filings offer details of DOJ investigation into Prospect Medical
The documents released Tuesday say Prospect is under federal investigation for possible False Claim Act violations, and faces state investigations for failing to safeguard patient data before a ransomware attack last year.
By Susanna Vogel • Aug. 14, 2024 -
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Overturning of Roe v. WadeTexas women say hospitals violated EMTALA by denying emergency abortions
The patients’ complaints to the HHS allege two Texas hospitals denied them emergency abortion care for ectopic pregnancies, risking their lives and damaging their future fertility.
By Emily Olsen • Aug. 13, 2024 -
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Tracking Steward's declineSteward to sell physician group to private equity firm for $245M
It’s a major win for bankrupt Steward, which has sought to offload its physician group since December.
By Susanna Vogel • Aug. 13, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Kaiser’s operating margin rises to 3.1% in second quarter
The nonprofit healthcare giant's results represent a strong quarter and a solid end to the first half of the year, one analyst said.
By Susanna Vogel • Aug. 13, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
For-profit health systems see Medicaid supplemental payment bump in Q2
However, hospital executives said the uptick in supplemental funding still wasn’t enough to cover their costs.
By Susanna Vogel • Aug. 12, 2024 -
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Nonprofits’ cash on hand hit 10-year low in 2023: report
S&P Global also found no "meaningful" improvement in cash flow for providers between 2022 and 2023.
By Susanna Vogel • Aug. 12, 2024 -
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Prospect Medical to sell Crozer Health to real estate company CHA Partners
Prospect has sought to divest the struggling four-hospital system since 2022.
By Susanna Vogel • Aug. 9, 2024 -
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McLaren Health Care confirms cyberattack after IT system disruptions
The latest attack on the Grand Blanc, Michigan-based health system comes less than a year after it was hit by a ransomware attack.
By Emily Olsen • Aug. 8, 2024 -
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More than 700 rural hospitals at risk of closing: report
One challenge hospitals face is reimbursement from private payers, which doesn’t cover the higher costs of care in rural areas, according to a report by the Center for Healthcare Quality and Payment Reform.
By Emily Olsen • Aug. 7, 2024 -
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Tenet to sell majority stake in 5 Alabama hospitals for $910M
The health system has divested a string of hospitals this year as it seeks to pay down debt and refocus its portfolio on ambulatory surgery centers.
By Susanna Vogel • Aug. 6, 2024 -
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Surprise BillingAppeals court hands providers latest win in No Surprises litigation
The 5th Circuit Court’s decision vacates instructions that arbiters should first consider the qualifying payment amount in deciding payments over contested out-of-network bills. Providers argued that unfairly advantaged insurers.
By Rebecca Pifer • Aug. 6, 2024 -
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Southern blood center recovering from ransomware attack
OneBlood, which serves hundreds of hospitals in the southeastern U.S., had to implement manual methods for processing blood after the cyberattack, reducing its capacity.
By Emily Olsen • Aug. 6, 2024 -
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Tracking Steward's decline
Steward will lay off more than 1,200 workers in Massachusetts
The bankrupt health system will lay off workers at the end of the month as it prepares to close two hospitals in the state, according to notices filed with regulators last week.
By Susanna Vogel • Aug. 5, 2024
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