Hospitals: Page 21
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Senate ramps up scrutiny of private equity ‘greed’ in healthcare
As private equity firms buy up hospitals and staffing agencies, lawmakers say they're increasingly concerned that patient care could suffer.
By Susanna Vogel • April 5, 2024 -
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Deep Dive // Change Healthcare cyberattackChange cyberattack serves as wake-up call for healthcare cybersecurity
The outage shows why health systems need to plan for inevitable cyberattacks, evaluating risks and putting operational backups in place, experts say.
By Emily Olsen • April 4, 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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Blue Shield of California and Providence at stalemate over contract negotiations
It's the latest negotiation to spill out of the boardroom and into the public eye as tensions between providers and payers ramp up.
By Susanna Vogel • April 3, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Intermountain-owned Saltzer shutters operations, sells clinics
The financially strapped physician group finalized a midnight deal to sell some services to Trinity Health-owned Saint Alphonsus Health System and Intermountain Medical Imaging of Idaho.
By Susanna Vogel • April 3, 2024 -
Permission granted by Geisinger Health
Kaiser closes Geisinger acquisition, launching Risant Health
The deal closed roughly a year after it was first announced. Geisinger is the first health system to join Risant, but it’s far from the last — the hospital operator wants to acquire at least four additional nonprofits.
By Rebecca Pifer • April 3, 2024 -
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Change Healthcare cyberattackChange cyberattack likely ‘minor setback’ for nonprofit hospitals: Fitch
The ratings agency doesn’t anticipate a credit impact to nonprofits as long as providers can return to normal operations soon and maintain a large enough cash cushion during the outage.
By Emily Olsen • April 2, 2024 -
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UHS could face hit from $535M judgment against subsidiary
Damages could shrink on appeal and Universal Health Services has malpractice insurance to cover some costs, but the for-profit’s exposure from the case could still amount to hundreds of millions of dollars.
By Susanna Vogel • April 2, 2024 -
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UCLA Health acquires California hospital from HCA
The purchase of the 260-bed facility will help address inpatient capacity needs, UCLA said.
By Emily Olsen • April 1, 2024 -
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Novant’s proposed purchase of CHS hospitals ‘irreversibly’ harms competition, FTC says
Antitrust regulators filed this week to block the deal, a move akin to trying to stop a “ball that’s already rolling downhill," one expert said.
By Susanna Vogel • March 29, 2024 -
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Ascension to divest three hospitals in northern Michigan
The nonprofit giant is working to improve its financials and focus on expanded ambulatory and telehealth offerings.
By Emily Olsen • March 27, 2024 -
Illustration: Xavier Lalanne-Tauzia for Industry Dive
Tracking Steward's declineSteward to sell physician group to UnitedHealth’s Optum Care
The proposed deal could face regulatory scrutiny, Massachusetts officials say.
By Susanna Vogel • March 27, 2024 -
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Healthcare companies expand perks to recruit talent: report
The increase stands in contrast to other industries, which have cut back on extra offerings.
By Susanna Vogel • March 27, 2024 -
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Tax breaks exceed community care spending at large majority of nonprofit hospitals: report
Nonprofits’ cumulative “fair share” deficit is enough to pay off the medical debt of everyone in California, Texas, New York and Pennsylvania combined, according to the Lown Institute.
By Susanna Vogel • March 26, 2024 -
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Ascension will outsource Illinois hospitalist functions to PE-backed staffing firm
Beginning June 1, the Catholic health system will cede responsibility of hospitalist functions to staffing firm SCP Health.
By Susanna Vogel • March 26, 2024 -
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Advocate offloads senior home care business to private equity firm
The health system is selling Senior Helpers to Waud Capital Partners just three years after it acquired the home care group.
By Susanna Vogel • March 25, 2024 -
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Change Healthcare cyberattackHospital groups question HHS about data breach reporting after Change attack
In a Thursday letter, the American Hospital Association urged the HHS’ Office for Civil Rights to reduce possible “duplicative” breach notifications from the Change cyberattack.
By Susanna Vogel • March 22, 2024 -
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Hospitals could face revenue hit if insurers play hardball over MA: report
Insurers could increase claims denials and engage in aggressive contract negotiations with hospitals as profitability in the popular plans declines.
By Susanna Vogel • March 21, 2024 -
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Steward’s legal battles offer insight into pattern of mismanagement
The health system has been hit with at least 35 lawsuits in the last year alleging issues ranging from unpaid bills and falsified checks to doctor kickback schemes.
By Susanna Vogel • March 20, 2024 -
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Bon Secours Mercy Health names new CFO
Travis Crum, currently senior vice president of finance, will assume the CFO role in the summer. He replaces Debbie Bloomfield, who is set to retire at the end of the year.
By Susanna Vogel • March 20, 2024 -
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MedPAC’s physician pay recommendations insufficient, provider groups say
The Medicare Advisory Payment Commission also suggests tying the rate of physician payment increases to the Medicare Economic Index — a move some industry groups support.
By Susanna Vogel • March 19, 2024 -
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Change cyberattack could damage credit at small providers: Fitch
Smaller companies may already have worse credit ratings and could struggle with cash flow disruptions caused by the outage.
By Emily Olsen • March 19, 2024 -
Permission granted by HIMSS
Deep Dive // HIMSS24‘As fast as possible but no faster than is safe’: Hospitals, tech companies confront AI governance
Regulators seeking to erect guardrails around AI are facing a Sisyphean task, experts said at HIMSS. How do you oversee something that is constantly changing?
By Rebecca Pifer • March 18, 2024 -
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Change Healthcare cyberattackCMS releases Medicaid payment flexibilities during Change cyberattack
The relief comes as 94% of hospitals reported financial impact from the outage, according to a survey from the American Hospital Association.
By Emily Olsen • March 18, 2024 -
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Q&A // HIMSS24Microsoft’s health VP takes on responsible AI
David Rhew talks about Microsoft's new AI governance network and federal regulators’ plan to more actively oversee the technology.
By Rebecca Pifer • March 18, 2024 -
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Novant Health names new CFO
The appointment will help fill out the North Carolina-based health system’s leadership team after its CFO and COO left last year.
By Emily Olsen • March 15, 2024
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