Category: Healthcare Finance News

5.6 million people affected by Ascension cyberattack

Ascension has submitted a report to federal regulators showing that about 5.6 million people were affected by a ransomware attack on the nonprofit health system in May.

Medicare enrollees to pay less for 64 additional drugs

Some Medicare enrollees will pay less for 64 drugs available through Medicare Part B, according to the Department of Health and Human Services.
The drugs will have a lowered Part B coinsurance rate from January 1 through March 31 of next year; that’s b…

WashU Medicine to make neurosurgery inroads with philanthropic gift

WashU Medicine in St. Louis is turning a philanthropic gift of $50 million into a vehicle for recruiting neurosurgeons and researchers, and enhancing the research capabilities of the facility’s neurosurgery department.
Andrew Taylor, an emeritus truste…

Telehealth gets short extension, physician pay is cut in spending bill

President Joe Biden on Saturday signed a spending bill that averts a government shutdown, but some healthcare provisions that were in the original bill didn’t make it to final passage.
Acute hospital-care-at-home and telehealth temporary waivers were c…

HIMSSCast: Research as restorative physician medicine

The idea to start a company to make clinical research easier for physicians and more accessible to patients began while Alexander Saint-Amand was still in college. His mother, who was sick, hoped to get into a clinical trial, but there was limited access.

Trends 2025: The demand for interim revenue cycle executives

The search for revenue cycle management leaders is ongoing and can be particularly challenging because of the nature of the executives who take on the job, according to one expert.
“These leaders often have a fix-it mentally,” according to Adam Burns, …

Advocate spending $1 billion on new hospital and outpatient services

Chicago-based Advocate Health Care is planning to spend $1 billion to improve access to primary and specialty care, as well as wellness services, by investing in a new hospital and extended outpatient programs.
The investment will improve access to pri…

Male physicians have more net worth than female counterparts

Wealth and earnings disparities between men and women are nothing new, but a new report from Medscape shows the extent to which this is true in healthcare, showing that 66% of male physicians had a family net worth of more than $1 million last year – c…

CMS ending VBID model due to high costs

The Centers for Medicare and Medicaid Services is terminating the Medicare Advantage Value-Based Insurance Design (VBID) model at the end of 2025 due to what it called the model’s “substantial and unmitigable costs to the Medicare Trust Funds.”

Healthcare expenditures rise on increased coverage and utilization

Healthcare spending is higher than before the pandemic and is being driven by increases in insurance coverage and utilization, according to new analysis released Wednesday by the Office of the Actuary at the Centers for Medicare and Medicaid Services a…