Over 55% of hospitals will receive higher Medicare payments under the Hospital Value-Based Purchasing Program.
Category: Healthcare Finance News
CHS divests Virginia hospitals, sells to Bon Secours Mercy Health
In an ongoing effort to consolidate and reduce debt, CHS is exiting the state in a deal expected to close by year’s end.
Financial incentives plus information decrease patient preference for potentially wasteful diagnostic testing
Discussing benefits and risks of low-value diagnostic testing via head CT scan with patients can reduce the prevalence of such testing.
Self-funded employers are playing an increasing role in taking on the status quo to lower costs
The insurance industry will remain but the traditional PPO is beginning to come to an end as costs are outstripping inflation and wages, CEO says.
Reducing wasteful spending in healthcare by curbing administrative complexity
Wasteful spending is an increasingly thorny problem in healthcare, especially with the industry comprising an ever-larger portion of GDP.
Kaiser, Oscar, Blue Cross Blue Shield plans among big winners of cost sharing reduction payments
In total, Affordable Care Act insurers in class action lawsuit will receive over $1.5 billion in damages from 2017 and 2018.
Operational efficiencies saved hospitals from further earnings decline
Mergers and acquisitions helped grow revenue but it’s taking health systems longer to realize expected synergies.
Study finds racial bias in Optum algorithm
Optum calls the study’s conclusions “misleading” as health systems use many data elements other than cost to select patients for clinical engagement.
Amazon makes its second digital health acquisition with Health Navigator
The five-year-old Illinois company offers digital health content middleware in the form of APIs used by Microsoft, MDLive and others.
OCR imposes a $2.15 million civil penalty against Jackson Health System for alleged HIPAA violations
Two JHS employees allegedly accessed patient information without a clear job-related purpose.
