Category: Healthcare Finance News

Johnson & Johnson booster shot increases infection protection

A second dose of the Johnson & Johnson COVID-19 vaccine provides 94% protection against moderate to severe infection in the U.S.
 

Hospitals face September 30 Provider Relief Fund reporting deadline

Providers remain under a September 30 deadline to report lost revenue and pandemic-related expenses as a condition of keeping their federal Provider Relief Funds allocated through the Coronavirus Aid, Relief, and Economic Security Act starting last yea…

Rural hospitals see improvements in mortality rates after acquisitions, finds JAMA

Hospital merger and acquisition activity is expected to remain robust throughout the year, and a new report in JAMA Network Open sees advantages to this trend.
Rural hospital consolidation in particular has improved mortality rates among various condit…

AHIP president and CEO calls for strengthening Medicare Advantage, Medicaid managed care

Delivering opening remarks during the AHIP 2021 National Conference this week, AHIP President and CEO Matt Eyles called for strengthening and protecting Medicare Advantage as well as Medicaid Managed Care, calling the programs “efficient, effective and…

Hospitals projected to lose $54 billion in net income this year

Higher expenses for labor, drugs and supplies as well as a continuation of delayed care during the ongoing COVID-19 pandemic is projected to cost hospitals an estimated $54 billion in net income over the course of this year, according to a new Kaufman …

University of California Irvine receives $30 million gift to construct a medical innovation building

Supported by a $30 million lead gift from the Falling Leaves Foundation, University of California Irvine will move forward with construction of a planned medical research facility on its campus, which is expected to enhance its cross-disciplinary teach…

Prime Healthcare hospitals cut ties with UnitedHealthcare, citing low reimbursement

Prime Healthcare’s New Jersey hospitals announced this week they would terminate their contracts with major insurer UnitedHealthcare, citing significant underpayment compared to the rates of neighboring facilities, and lower reimbursement rates than th…

HCA Healthcare to buy operations of 5 Utah hospitals from Steward Health Care

HCA Healthcare is acquiring the operations of five Utah hospitals from Steward Health Care, the organizations have announced.
The financial terms were not disclosed.

Pfizer says low dose of its COVID-19 vaccine works in younger children

COVID-19 cases among children are becoming more common, indicating the need for vaccines, Pfizer CEO said. 
 

CDC spending more than $2 billion on infection control and prevention efforts

The U.S. Centers for Disease Control and Prevention has earmarked $2.1 billion from American Rescue Plan funding to improve infection control and prevention across the country — the largest federal investment of its kind to date, the agency said.