Category: Healthcare Finance News

Caregivers at three California Tenet Healthcare hospitals approve double-digit pay raises in new contracts

The caregivers had authorized a strike last month to improve staffing, pay, benefits and COVID-19-related health safeguards.

Cleveland Clinic sees $339 million profit in Q2, good for $1.3B in net income this year

Patient volume increases and cost reduction measures led to significant revenue increases, which were hampered in 2020 by COVID-19.

HHS establishes first-of-its-kind Office of Climate Change and Health Equity

Coinciding with Hurricane Ida hitting the Gulf Coast and on the 16th anniversary when Hurricane Katrina ravaged Louisiana, the Department of Health and Human Services has tied global warming to a health and equity issue and formed the new Office of Cli…

Hackensack Meridian Health and Englewood Health appeal FTC merger challenge

The appeal comes after a federal judge granted the FTC an injunction to halt the acquisition until it could complete an internal investigation.

Health equity and the impact of COVID-19 top employer concerns for 2022

Access to mental healthcare and on-site medical clinics are also top-of-mind as employers anticipate future struggles.

COVID-19 surges put pressure on nonprofit hospital margins

More patients is resulting in a self-induced postponement of non-emergent surgical cases, resulting in lower hospital revenues.

FCC announces 62 recipients of COVID-19 telehealth funding totaling $42M

The awards ranged from roughly $100,000 to up to a million dollars to fund programs to acquire network improvements and connected devices.

Four in 10 nonprofit hospitals are putting their tax-exempt status at risk, JAMA study finds

This is just the latest report to suggest many nonprofits skimp on their community contribution requirements. 
 

Blue Cross NC’s Blue Premier program saved $197 million in 2020

The impact of Blue Premier appeared to grow last year as providers made gains in quality and cost measures.

Medicare Shared Savings Program ACOs saved $4.1 billion in 2020

ACOs also hit an average quality score of 97.8%, and 60 ACOs earned a perfect score of 100.