Category: Healthcare Finance News

National drug spending grew almost 8% in 2021 and is still rising

Total drug spending in the U.S. grew 7.7% in 2021 compared to 2020, hitting $576.9 billion in total spend, and this trend is expected to continue, with an estimated 4 to 6% increase in national drug spending in 2022, according to a new report from the …

UConn Health improved revenue cycle ROI by tackling the patient financial journey 

UConn Health boosted its ROI in the revenue cycle by improving the patient billing and payment experience.
Sarah Ginnetti, associate vice president, Clinical Revenue Cycle at UConn Health   worked this past year to transform the patient financial journ…

Hackensack Meridian Health, Englewood Health call off merger after appeals court block

Hackensack Meridian Health and Englewood Health, both based in New Jersey, have officially called off merger plans after a federal appeals court decision in March blocked the consolidation. 

White House evaluating provider billing practices, medical bill collection

In a move signaling its intent to relieve medical debt burden, the Biden White House has said it would task the Department of Health and Human Services to evaluate provider billing practices, and how they factor into healthcare affordability and the ac…

Nursing homes to get pay decrease in CMS proposed rule

The Centers for Medicare and Medicaid Services is proposing a decrease in  skilled nursing facility payments by 4.6%, or $1.7 billion, in 2023 to achieve budget neutrality.
As a result, there will be a decrease of approximately $320 million in Medicare…

UnitedHealth Group investing $100 million in affordable housing initiatives

UnitedHealth Group is investing an additional $100 million toward affordable housing initiatives with a focus on the Health and Housing Fund, a partnership with Stewards of Affordable Housing for the Future and National Affordable Housing Trust.

Nonprofit hospitals slowly recuperating from the worst effects of COVID-19

It’s been a long pandemic for the U.S. healthcare system, but just as there are signs that the pandemic may be fading, so too is the situation improving for nonprofit hospitals in particular, which are slowly recuperating from the worst effects of COVI…

HHS is giving clear signals of wind down of public health emergency

The current public health emergency ends on April 16, with the federal government giving all indication of the coming end of the PHE, according to Michael P. Strazzella, head of Federal Government Relations at Buchanan Ingersoll and Rooney.

Healthcare mergers and acquisitions hit new low in first quarter

Healthcare mergers and acquisitions data shows only 12 transactions recorded during the first quarter of the year, continuing a downward trend: To date, it’s the lowest number of consolidations since Kaufman Hall first started tracking these statistics…

Second booster offers short-term COVID-19 protection, study finds

The U.S. government, as well as pharmaceutical companies that manufacture COVID-19 vaccines, have promoted booster shots as a way to ramp up protection when inoculation from the initial round of vaccines begins to decrease. A new study has found that p…