Category: Healthcare Finance News

OSF Healthcare buys majority stake in Illinois Kindred hospital

Kentucky-based Kindred Healthcare and OSF Healthcare have received approval from state regulators in Illinois to jointly own the Greater Peoria Specialty Hospital, which will now be known as the OSF HealthCare Transitional Care Hospital, located in Peo…

COVID-19 may have unexpected benefit of freeing up funds for rural hospitals to invest in technology

Federal provider relief funds have allowed rural hospitals to spend money that otherwise would have gone to personal protection equipment and other COVID-19 needs, to something they’ve long needed: upgraded technology.

Merck submits emergency use authorization for COVID-19 pill

The pill is for adults who are at risk for progressing to severe COVID-19 and/or hospitalization.

Healthcare lost 17,500 jobs in September amid ongoing labor shortage

Since the onset of the COVID-19 pandemic, healthcare employment has dropped by 524,000 jobs.

Healthcare spending for working Americans reaches all-time high

Average annual healthcare spending for people with employer-sponsored insurance rose 2.9% to $6,001 per person in 2019, according to the Health Care Cost Institute’s annual Health Care Cost and Utilization Report. 

Hospitals paying $24 billion more for labor during the COVID-19 pandemic

As the delta variant pushes COVID-19 caseloads to all-time highs, hospitals and health systems across the country are paying $24 billion more per year for qualified clinical labor than they did pre-pandemic, according to a new PINC AI analysis from Pre…

Cigna divests life, accident and supplemental benefits businesses for $5.75B

By selling these businesses in seven countries Cigna plans to focus on its health services businesses. 
 

See the rankings: More than 70 health plans earned 5 stars in Medicare Advantage star ratings

The Centers for Medicare and Medicaid Services has released the Medicare Advantage and Part D Star Ratings for 2022.

Humana bringing Medicare Advantage plan to 37 new counties in North Carolina

Humana has announced it will debut a new Medicare Advantage PPO plan in 37 rural counties in North Carolina, responding to market demand in the eastern part of the state.
The new Medicare option will be available during this year’s Medicare Advantage a…

Optum partners with SSM Health and will employ certain revenue cycle staff

Optum and SSM Health, a Catholic, not-for-profit health system in the Midwest, are partnering across certain functions, including digital transformation, inpatient care and revenue cycle management.
Certain SSM Health revenue cycle staff and hospital c…