Prime will acquire St. Francis for a net of $350 million, with a $200 million base cash price and $60 million for accounts receivable.
Category: Healthcare Finance News
Boulder Community Health remains independent with Optum partnership
Through the deal, Optum will manage the health system’s data and analytics, revenue cycle management and care coordination.
Appeals court upholds sale of short-term limited duration insurance plans
The plans do not comply with the comprehensive benefits of the Affordable Care Act.
Appeals court sides with HHS on site neutral payments
The loss of hospital revenue due to the ruling is estimated at $800 million for 2020.
HHS is releasing additional $10B to hospitals in COVID-19 hot spots
These funds are from the $175 billion relief package from Congress
HHS to provide COVID-19 tests to every nursing home in the U.S. starting with hotspot facilities
They will be sent enough tests to screen each resident and staff member weekly, as well as visitors if appropriate for the facility.
Former Kaiser CEO George Halvorson promotes universal healthcare through ‘Medical Advantage’ for all
Halvorson envisions an integrated system which unites healthcare payment, improvement and racial and economic equity.
Up to 10 million Americans could lose employer-sponsored healthcare due to COVID-19 job losses
About 48 million nonelderly Americans will be part of a household in which someone loses a job due to COVID-19.
Health system leaders attribute telehealth, communication and planning to financial recovery
Executives spoke about navigating through the pandemic during the Healthcare Financial Management Association Digital Annual Conference.
COVID-19 is reducing physician compensation, job options
Demand for physicians, as gauged by the number of new search engagements, has declined by over 30% since March 21.
