Category: Healthcare Finance News

CMS adds 20% to inpatient Medicare payment for COVID-19 patients 

The guidance requires providers to document a positive COVID-19 test result in the medical record.  

Amid close to 46,000 resident deaths, nursing homes face more that $15 million in fines

The fines are receiving criticism from both nursing homes and advocacy groups such as LeadingAge, which says the industry is already facing unprecedented financial strain.

Prime Healthcare completes $350M acquisition of St. Francis Medical Center from Verity

Prime was chosen for its financial commitment and a history of turning around financially distressed hospitals.

Doctor, hospital groups have created a roadmap for keeping essential surgeries during a COVID-19 surge

The joint statement includes recommendations on community partnerships, PPE and distancing protocols and prioritizing procedures.

HHS to distribute $1.4 billion to freestanding children’s hospitals

Eligible hospitals will receive 2.5% of their net revenue from patient care starting next week.

Scientists identify hundreds of drug candidates to treat COVID-19

Drug candidate pipelines represent a first step toward the discovery of new drugs to treat the virus.

MetroPlus’ free telehealth program saw 7,000 enrollees during pandemic through multi-channel outreach

The telehealth program offers access to a physician, psychologist or counselor through video or audio call.

Operation Warp Speed is on track for January but prioritization is necessary, officials say

An HHS official said that the federal government hopes to provide free COVID-19 vaccines for every American.

UnitedHealth study shows capitation model works to improve value-based care

UHG compared differences in preventive care and chronic condition metrics between capitated and fee-for-service payment.

HHS invests $6.5 million to expand COVID-19 testing capacity

By September, the U.S. will have the capacity to do 90 million tests a month, if needed, says Adm. Brett Giroir of HHS.