Hospitals: Page 51
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Hospitals face sixth straight month of negative margins, report finds
Month-to-month increases in patient volumes were not enough to offset the growing cost of care, according to a Monday report from Kaufman Hall.
By Susan Kelly • Aug. 2, 2022 -
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Physician resident salaries stagnate through pandemic
Nearly 30% of residents surveyed by Medscape said they feel fairly compensated for their work in 2022, compared with 62% in 2015.
By Hailey Mensik • Aug. 1, 2022 -
Explore the Trendline➔
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TrendlineProvider 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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Geisinger appoints first chief wellness officer
As the Pennsylvania regional health system’s first chief wellness officer, Susan Parisi will oversee the system’s mental health, professional fulfillment and well-being strategies.
By Sydney Halleman • Aug. 1, 2022 -
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New York sues CVS Health, alleging it deprived some hospitals of millions in 340B savings
CVS said in a statement that the “allegations are without merit and we will defend ourselves vigorously.”
By Samantha Liss • July 29, 2022 -
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Healthcare remains costliest industry for data breaches
The cost of the average breach for healthcare increased by $1 million to $10.1 million. That's up more than 40% since the 2020 report by Ponemon and IBM Security.
By Shannon Muchmore • July 28, 2022 -
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CHS shares fall 36% after $326M Q2 loss
The for-profit hospital operator missed Wall Street expectations on revenue and saw admissions decline 3.4% year over year.
By Hailey Mensik • Updated July 28, 2022 -
Nurses at Mayo Clinic hospital in Minnesota vote to decertify union
The effort was driven by the National Right to Work Legal Defense Foundation, which also recently helped nurses at Maine Medical Center in Portland, Maine, initiate a vote to decertify their union.
By Hailey Mensik • July 27, 2022 -
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CMS targets maternal health, extends postpartum coverage
The strategy to improve outcomes and equity includes ensuring access to reproductive healthcare services and adopting a new “birthing-friendly” hospital designation.
By Susan Kelly • July 27, 2022 -
UHS net income cut in half as system predicts COVID impact will persist through 2022
The health system — which warned investors it was experiencing a significant shortfall in operational results in June — still performed better than analysts expected.
By Rebecca Pifer Parduhn • July 26, 2022 -
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HHS proposes reinstating nondiscrimination protections stripped by Trump administration
One notable change includes language around clinical algorithms, prohibiting discrimination through the use of that technology in healthcare settings.
By Hailey Mensik • July 26, 2022 -
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UHS explores joint ventures, aggressive managed care negotiations as costs increase
The system has been in conversation with acute care hospitals that have existing behavioral health services but feel they could be more efficient, CFO Steve Filton told investors Tuesday.
By Rebecca Pifer Parduhn • July 26, 2022 -
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U.S. News names Mayo top hospital again, adds cancer surgery ratings
U.S. News added three service areas of evaluation this year and also introduced "home time" as an outcome measure in certain ratings, reflecting patients' preference for recovering at home.
By Susan Kelly • July 26, 2022 -
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Ochsner piloting program to hire Ukrainian nurses
The system will offer eight nurses employment and assist them and their families in getting acclimated to their new communities. Nurses will be committed to their roles for at least two years.
By Hailey Mensik • July 25, 2022 -
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Tenet stock jumps as system reins in Q2 labor costs
However, the chain’s inpatient volumes fell year over year. Executives said a cybersecurity incident in April was partially to blame.
By Sydney Halleman , Hailey Mensik • July 22, 2022 -
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HCA beats Wall Street expectations in Q2 after earlier dip in guidance
The Nashville-based hospital operator beat Wall Street expectations on revenue, which rose about 3%, but net income slipped nearly 20% compared to the same time last year.
By Hailey Mensik , Sydney Halleman • July 22, 2022 -
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Tenet cybersecurity incident hits Q2 volumes
The hospital operator estimated the breach had a $100 million unfavorable EBITDA impact and said its systems have since been rebuilt.
By Hailey Mensik , Sydney Halleman • July 22, 2022 -
Courtesy of Sutter Health
Sutter inks 10-year contract with R1 RCM
SVB Leerink analysts noted Sutter runs on Epic EHR systems, while previous deals have mostly involved health systems using Cerner. That opens the door to further Epic deals, they said.
By Shannon Muchmore • July 21, 2022 -
High childcare stress linked with health worker burnout, JAMA study finds
Workers identifying as racial or ethnic minorities were 40% to 50% more likely to report having high childcare stress than White respondents, according to researchers.
By Hailey Mensik • July 21, 2022 -
Providence restructures leadership team, cuts executive jobs
The health system will reduce its regional executive teams to three divisions from seven as it aims to be a leaner organization amid continued headwinds.
By Samantha Liss • July 20, 2022 -
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Overturning of Roe v. Wade'I am terrified': Doctors warn lawmakers of grim health impacts from Roe reversal
Anti-abortion laws have had a chilling effect on patient care, resulting in providers — concerned about the potential for legal action — delaying or denying in some cases life-saving services, doctors told a House committee.
By Rebecca Pifer Parduhn • July 20, 2022 -
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Hospitals need 'transformational changes' to stem margin erosion
A combination of higher rate hikes, aggressive cost-cutting and M&A could help ailing nonprofits avoid negative rating actions, according to Fitch.
By Susan Kelly • July 20, 2022 -
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Health data breaches slowing from 2021's record high, report suggests
Malicious attacks were the No. 1 cause of breaches for the sixth year in a row, according to a new report from Fortified Health Security.
By Hailey Mensik • July 19, 2022 -
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Academic health center pays $875K fine in data breach
HHS cited Oklahoma State University Center for Health Services for multiple HIPAA violations, including failure to disclose in a timely manner that patient data had been compromised.
By Susan Kelly • July 18, 2022 -
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Regulators propose outpatient pay increase, but hospitals say it's not enough
"A much higher update is warranted," the American Hospital Association said in a statement citing increased inflation.
By Samantha Liss • July 18, 2022 -
Megadeals lift healthcare M&A revenues to record in Q2
Fewer but larger deals are becoming the norm in the hospital sector, according to Kaufman Hall's latest update on deal activity.
By Susan Kelly • July 14, 2022
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