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Health insurers’ earnings up 3.7%, outlook stable, says Moody’s
After a strong first quarter, health insurers can expect earnings growth and a stable credit outlook, Moody’s Investors Service has found.
Average earnings growth before interest, taxes, depreciation and amortization growth in the first quarter was 3.7…
Cleveland Clinic’s $282 million quarterly loss due to rising expenses
Despite more than $3 billion in revenue during the first quarter, the Cleveland Clinic saw a $282 million loss in the three-month period ending March 31, largely due to rising expenses, according to the system’s recently released financial documents.
Senator asks HHS to keep Laguna Honda Hospital open after losing Medicare funding
In a letter to the Department of Health and Human Services, California Senator Diane Feinstein asked the agency to reverse a decision by the Centers for Medicare and Medicaid Service
Leapfrog urges CMS not to suppress hospital safety data
In a statement this week directed at the Centers for Medicare and Medicaid Services, the Leapfrog Group urged the federal agency to nix a proposal that would put an end to the public reporting of data on medical and surgical complications.
Senate panel seeks to expand telehealth for Medicare mental health services
The Senate Finance Committee, led by Chair Ron Wyden (D.Ore.), is seeking to make permanent some of the telehealth flexibilities enacted during the COVID-19 pandemic that pertain to mental health services.
CMS expands Medicaid postpartum coverage into four new states
The Centers for Medicare and Medicaid Services has approved California, Florida, Kentucky and Oregon to expand Medicaid and Children’s Health Insurance Program coverage to up to one year postpartum – bringing the total number of states expanding postpa…
New York AG sues Roman Catholic Diocese over hospital retirees’ pensions
The New York Attorney General has filed suit against the Roman Catholic Diocese of Albany, claiming the latter mishandled pensions for retirees of St. Clare’s Hospital, thereby allegedly dodging its financial and legal responsibilities.
Whole Foods CEO and founder John Mackey serves up a more conscious business model
ORLANDO – The secret to living a healthier life is farily simple: eat more fruits and vegetables and less of what you shouldn’t eat, according to Whole Foods founder and CEO John Mackey, who spoke as the Executive Summit opening keynote at HIMSS22 in O…
CMS is giving 1,000 new physician residency slots over 10 years to address labor shortage
The Centers for Medicare and Medicaid Services is distributing 1,000 new medical residency slots in hospitals serving rural and underserved communities.
Health officials urge passage of Build Back Better to combat overdose epidemic
Biden Administration health officials today marked the milestone of 100,000 lives lost to the overdose epidemic between April 2020 and April of this year, by stressing the importance of Congress passing the Build Back Better Act, which includes $11 bil…
