Hospitals: Page 18
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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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Provider burnout
Hospitals are still struggling with provider burnout, after the COVID-19 pandemic exacerbated underlying staffing issues and prompted workers to quit their jobs.
By Healthcare Dive staff -
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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 Parduhn • 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 declineSteward 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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Sponsored by Envision Physician ServicesA quicker return to normal: How hospitals leverage enhanced recovery after surgery to improve care quality
ERAS protocols improve surgical outcomes and get patients home faster. See how they work.
Aug. 5, 2024 -
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Medicare finalizes higher 2.9% inpatient payment rate for 2025
Hospitals still weren’t happy with the final rule despite the bump from the CMS’ proposed rates, citing cuts to long-term and disproportionate share facilities.
By Rebecca Pifer Parduhn • Aug. 2, 2024 -
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Tracking Steward's declineJudge approves Steward’s plan to close 2 hospitals by month’s end
Steward also provided an update on increasingly tense negotiations with its landlord about how to distribute proceeds from sales.
By Susanna Vogel • Aug. 1, 2024 -
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CHS to sell 3 hospitals, exiting Pennsylvania
The Franklin, Tennessee-based system plans to offload at least $1 billion worth of assets this year, executives said during an earnings call last week.
By Susanna Vogel • July 31, 2024 -
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North Carolina to offer enhanced Medicaid funds to hospitals that help eliminate medical debt
The incentive program offers hospitals a carrot for relieving debt that health systems were unlikely to recover anyway, with experts labeling the program a “win-win” for patients and providers.
By Susanna Vogel • July 31, 2024 -
Cleveland Clinic
Cleveland Clinic appoints first chief AI officer
Ben Shahshahani, who previously worked at SiriusXM, will lead the health system’s AI strategy, including managing safety, ethics and data security concerns.
By Emily Olsen • July 30, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
CHS trims losses in second quarter
The health system posted a $13 million net loss, even as surgical and outpatient volumes climbed.
By Susanna Vogel • July 29, 2024 -
Susanna Vogel/Healthcare Dive, data from Susanna Vogel
Tracking Steward's declineSenate committee subpoenas Steward CEO over bankruptcy
The Health, Education, Labor and Pensions committee launched an investigation into the health system’s alleged financial mismanagement after issuing its first subpoena since 1981.
By Susanna Vogel • July 26, 2024 -
Screenshot: Google Maps
Ascension offloads Illinois hospitals, continuing selling spree
The Catholic health system will sell nine hospitals and four care sites to Prime Healthcare.
By Susanna Vogel • July 26, 2024 -
Courtesy of Adventist HealthCare
Adventist HealthCare taps new CEO
John Sackett will step into the role on Aug. 4, replacing Terry Forde, who is leaving for a role at Health First.
By Susanna Vogel • July 25, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
UHS says demand for services ‘moderating’ at acute hospitals in Q2
The health system reported a net income of $289.2 million in the second quarter, but relatively flat patient volume growth sparked analyst concerns during an earnings call Thursday.
By Susanna Vogel • July 25, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tenet raises full-year earnings guidance again
Tenet has an emerging “beat and raise” track record on Wall Street, analysts said.
By Susanna Vogel • July 25, 2024 -
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Maternal health quality varies widely by state: report
In states with more restrictive abortion bans, maternal health providers tend to be more scarce and maternal deaths were typically higher, according to a report from the Commonwealth Fund.
By Susanna Vogel • July 24, 2024 -
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HCA posts $17.5B in Q2 revenue and raises full-year guidance
The Nashville, Tennessee-based provider attributed the stronger-than-expected results to increased patient volumes.
By Susanna Vogel • July 23, 2024 -
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Tracking Steward's declineSteward fails to spark competitive auction during first round of hospital sales
The bankrupt health system did not receive any qualified bidders in Ohio and Pennsylvania.
By Susanna Vogel • July 22, 2024 -
Matt Kapko/Healthcare Dive
CrowdStrike outage hits US hospitals
The cybersecurity firm released what was meant to be a routine software update, but now health systems, including CommonSpirit Health and Cleveland Clinic, are locked out of Windows systems.
By Susanna Vogel • July 19, 2024
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