More than two years after being on the front lines of the COVID-19 pandemic, hospitals and health systems continue to struggle financially due to its effects, according to Kaufman Hall’s National Hospital Flash Report.
Category: Healthcare Finance News
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
HHS announces projected Part B premium price drop due to Aduhelm pricing
Medicare beneficiaries are expected to see lower Part B premiums in 2023 due to the lower price of Alzheimer’s drug, Aduholm.
Today, Department of Health and Human Services Secretary Xavier Becerra said 2002 Medicare Part B premiums should be adjusted …
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.
HHS withdraws Trump-era SUNSET rule
The Department of Health and Human Services has withdrawn a Trump-era rule that mandated the sunset of any rule more than 10 years old unless it was reviewed within five years.
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.
Geisinger moves to AWS cloud in a decision expected to save millions annually
Geisinger has announced that it has chosen Amazon Web Services as its strategic cloud provider.
The decision comes after a detailed multi-year review and selection process that identified transitioning to AWS will help save the health system several m…
